SmartRent has acquired SightPlan in a $135 million all-cash transaction. According to SmartRent, this acquisition will further its product road map and augment the breadth of cloud-based SaaS solutions for clients—creating a comprehensive property and resident management platform.
SmartRent has more residential units installed and states served than all of its competitors combined. In addition, SmartRent intends to leverage Fifth Wall’s investor base of international real estate owners as the company expands into Western Europe, Japan, Southeast Asia, and more.