Entrata Completes Ownership Transition
March 18 2022
LEHI, Utah, March 18, 2022 -- Entrata, the multifamily industry’s most comprehensive technology platform, has confirmed the divestiture of equity holdings by David Bateman. Silver Lake led the transaction, with Dragoneer and HGGC also participating.
“We thank Silver Lake and our other investors for their ongoing support and partnership in completing this ownership transition as we continue to grow and innovate for the benefit of our customers, employees and communities we serve,” said Adam Edmunds, CEO of Entrata. “We are more bullish than ever on Entrata’s future as the operating system of choice for the multi-family real estate industry. We are well capitalized to continue investing in growth funded by our strong cash position and balance sheet, with profitable operations. And we are fully aligned in our commitment to working tirelessly to be a force for good in the world.”
Entrata is the leading operating system for multifamily communities worldwide. Setting the bar for innovation in property management software since 2003, Entrata offers solutions for every step of the leasing lifecycle and empowers owners, property managers, and renters to create stronger communities. Entrata currently serves over three million residents across more than twenty thousand multifamily communities around the globe. Learn more at www.entrata.com.