This year has seen some major changes for our multifamily division but we have maintained our relentless drive to innovate and produce the best-in-breed solutions that will help our customers optimize their revenue. It is an honor to be ranked again...
ATLANTA, GA (PRWEB) August 24, 2017
The Rainmaker Group, a leading provider of revenue management and leasing effectiveness software to the multifamily housing industry, is honored to be ranked for the seventh consecutive year on the Inc. 5000 list of the fastest growing privately held companies in the U.S.
Adding to this honor, Rainmaker now is part of the 2 percent of companies that have received this distinction seven times.
The company’s continued success is due to its ability to deliver best-in-breed products that meet the ever-changing needs and exceed the performance expectations of its growing customer base. Since 2014, Rainmaker has grown by an impressive 67 percent, posting 2016 revenues of $46.8 million. In 2017 alone, Rainmaker has added more than 250,000 units to LRO, its revenue management platform and the customer base for Intelligent Lead Management has almost tripled.
“We are beyond excited to be listed on the Inc. 5000 list for the seventh consecutive year and to be a part of the esteemed group of companies that has received this recognition seven times,” said Bruce Barfield, CEO of Rainmaker. “This year has seen some major changes for our multifamily division but we have maintained our relentless drive to innovate and produce the best-in-breed solutions that will help our customers optimize their revenue. It is an honor to be ranked again, but it is more of an honor to continue to serve our multifamily customers and have their ongoing support.”
Founded in 1998 by Barfield, and Tammy Farley, president, Rainmaker has remained focused on delivering the highest revenue returns possible for its clients. For nearly 20 years, Rainmaker has successfully developed and expanded its proprietary suite of products and consulting services to better serve the multifamily industry.
In February, the company announced it signed an acquisition agreement with RealPage, Inc., a leading global provider of software and data analytics to the real estate industry. The acquisition of Rainmaker’s multifamily assets is expected to close in late fall, dependent on approval from the Department of Justice.
Rainmaker built its reputation as the industry’s leading revenue management provider with LRO – Lease Rent Options. Recognizing the need to further optimize the leasing process, Rainmaker built a performance platform of solutions that now includes LRO, ILM – Intelligent Lead Management and LRI – Lease Revenue Intelligence. This integrated platform enables apartment operators to streamline operations, enhance the revenue optimization processes, improve lead performance and drive leasing. The company introduced several enhancements to its solutions during 2017, including the new Pricing Call Dashboard, LRI Forecast and Renewal Manager.
Other highly notable companies on the Inc. 5000 list include: Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia and Oracle. Additionally, the class of 2017 includes such powerhouses as S'well, Halo Top Creamery, Bitly and Orangetheory Fitness.
"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” said Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking and vision were the keys to their success, and I believe them.”
Inc. Magazine reports that, on average, companies that made the 2017 list have grown six-fold since 2013, an impressive feat during a time when the economy grew by only 6.7 percent. Additionally, aggregate revenue is calculated at $206 billion, and the companies listed for 2017 collectively generated 619,500 jobs throughout the last three years.
The Rainmaker Group, headquartered in Alpharetta, Georgia, is the leading provider of revenue management and leasing effectiveness software to the multifamily housing industry. The Company combines unique demand data, proprietary algorithms, robust technology, and deep industry expertise to deliver best-of-breed demand management solutions. The Company’s solutions continually analyze hundreds of variables to forecast supply and demand levels and formulate more than 1 billion optimal prices on a daily basis. Recognized as one of the top privately held companies in the United States, Rainmaker has been named to Inc. 5000’s Fastest Growing Privately Held Companies for the last seven consecutive years, and was named to the Atlanta Business Chronicle’s List of the 100 Fastest Growing Companies in Atlanta. In February 2017 RealPage, Inc. announced its agreement to acquire Lease Rent Options (LRO) and related assets from The Rainmaker Group for $300 million.
Rainmaker's client base includes more than 300 multifamily customers, including Equity Residential, AvalonBay Communities, MAA, Lincoln Property Co, Simpson Property Group, TruAmerica and Greystar. For more information, please visit http://www.rainmakermfh.com.
More about the Inc. 5000 and Inc.
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media:
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit http://www.inc.com.