RealPage Buys Kigo

(RTTNews) - RealPage, Inc. (RP) said Monday that it has bought Kigo, a Software-as-a-Service vacation rental booking and channel management system headquartered in Barcelona, Spain.

RealPage paid closing cash consideration of about $32.0 million and a deferred cash payment of up to $5.5 million, to be payable over two and a half years after the acquisition date.

In January, RealPage acquired InstaManager, a similar vacation rental booking system headquartered in the U.S. With the acquisition of Kigo, RealPage further extends its vacation rental booking system internationally.