Rainmaker Transitions to SunGard Hosting
SunGard frees Post team from system responsibilities, hosts application and database
ATLANTA, GA, January 15, 2007. The Rainmaker Group, the world leader in automated revenue management software and services to the multi-family housing and casino hotel industries for total property profitability, announced today it successfully completed the transition of its ASP-based revolution LRO lease optimization system used by multi-family housing operator Post Properties from Archstone-Smith's offices to the secure SunGard hosting facility.
Rainmaker is partnering with SunGard, one of the world's leading IT services companies, to provide maximum data security and processing speed for clients. Rainmaker completed the transition of the hosting services for Post Properties' revolution LRO system to SunGard in 4Q '07. Other Rainmaker clients utilizing the SunGard hosting facilities include Mid-America Apartment Communities and Colonial Properties.
Tammy Farley, principal at The Rainmaker Group, said, "The partnership with SunGard to host our Web-based revolution LRO and revolutionSM ASP revenue optimization solutions for multi-family housing and gaming hotel industries provides clients with the fastest servers and response time, and most secure data protection available to support their businesses."
SunGard serves more than 25,000 customer organizations in 50 countries. The company provides software and processing solutions to institutions throughout the financial services industry, higher education and the public sector; and helps enterprises of all types maintain the continuity of their business through information availability services.
Post Properties encompasses nearly $2 billion in assets and over 21,872 apartment homes in 62 communities and is one of the largest developers and operators of upscale multi-family communities in the U.S. Post is further adapting to the evolving lease-rental marketplace by upgrading its call center to 24/7 operations and utilizing Web booking technology to accommodate Internet shoppers.
The revolution LRO system has been employed by multi-family housing companies for more than six years. The system is currently used by more than 60 percent of the companies deploying revenue management systems in the industry and, uniquely, LRO's lease/rent revenue optimization success has been verified by independent third party consulting firms. The Rainmaker Group, an independent technology solutions and services provider whose expertise is focused on revenue management solutions, acquired rights to develop, implement and support the revolution LRO system in 2006.
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