StarRez Expands with College Pads Acquisition
Deal News | Jan 09, 2025 | Vista Equity Partners
StarRez, a leading global provider of on-campus student housing software, has acquired College Pads, a notable player in off-campus student housing solutions. This strategic acquisition allows StarRez to enhance its cloud offerings with integrated access to off-campus housing listings, targeting solutions for students and property managers. With this expansion, universities can offer tailored and branded off-campus housing options, aligning with their student wellness goals. College Pads, which has been a prominent partner to over 100 educational institutions across the U.S., will now work alongside StarRez to redefine student living globally. The partnership seeks to meet current trends in student housing marked by increasing enrollment and tech-enabled living solutions. StarRez is committed to supporting the full lifecycle of student housing needs, creating seamless experiences for over four million students annually.
Sectors
- Education Technology
- Real Estate Technology
Geography
- United States – Both StarRez and College Pads are operating and forming partnerships across various universities in the United States.
- Global – StarRez operates globally, providing student housing solutions to clients in over 25 countries, thus expanding the geographical relevance of this acquisition.
Industry
- Education Technology – The article discusses companies providing software solutions to student housing, integrating both on-campus and off-campus options for educational institutions.
- Real Estate Technology – StarRez's acquisition of College Pads enhances real estate management capabilities for off-campus student housing, a significant segment of the real estate market.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| StarRez | Buyer | Company | A global leader in student housing software, providing solutions for housing management and resident wellness. |
| College Pads | Target | Company | A leading provider of off-campus student housing software, partnering with universities to enhance student living. |
| Vista Equity Partners | Private Equity Firm | Company | The Private Equity firm involved, known for investing in technology and software businesses. |
| Travis Knipe | CEO of StarRez | Person | Leader of StarRez, expressing optimism about the strategic expansion with College Pads. |
| Dominic Anzalone | CEO of College Pads | Person | Leader of College Pads, supporting the partnership with StarRez to enhance student housing solutions. |