SmartRent acquires Orlando-based SightPlan for $135M

Scottsdale, Arizona-based SmartRent Inc. (NYSE: SMRT) today announced it acquired Orlando-based apartment management software firm SightPlan Inc. on March 22 for $135 million in an all-cash transaction.

The SightPlan team of about 100 workers will join SmartRent as employees, and SightPlan will continue to run its operations from its Orlando office.

SightPlan’s customer subscriptions are expected to add about $10 million to SmartRent’s SaaS revenue for 2022. Software Equity Group served as…