Startups
Acquisitions / Business development / Partnerships

M&A Moves: CoStar Group is set to acquire Atlanta-based RentPath out of bankruptcy

Our latest mergers and acquisitions roundup also includes deals from Tysons' Applied Insight and Ashburn's Vantage Data Centers.

CoStar Group is making major moves. (Photo via @TheCoStarGroup on Twitter)

M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Have a submission? Email us at dc@technical.ly and tell us why it belongs in the roundup.


The CoStar Group is set to acquire Atlanta’s RentPath.

Thomas Circle-based CoStar Group, a commercial real estate information and analytics provider and manager of Apartments.com, reports that it’s set to acquire Atlanta-based RentPath out of bankruptcy. The acquisition deal is valued at $588 million in cash.

RentPath is a digital marketplace connecting consumers with housing options. The company manages a portfolio of websites including Rent.com and Apartment Guide.

“RentPath has a 30-year track record of outstanding service to the multifamily industry, developing thousands of meaningful customer relationships,” said Andrew Florance, founder and CEO of CoStar Group, in a statement. “Following restructuring in bankruptcy, CoStar Group expects the combined companies to benefit from synergies and plans to invest in building RentPath’s online brands and traffic to provide improved quantity and quality of lead flow to advertising clients.”

Once the deal is final, RentPath will still operate independently, per a press release. The closing of the acquisition will be contingent on approval from the bankruptcy court.

Applied Insight acquires Digital Age Experts.

Tysons, Virginia-based Applied Insight, designer of solutions to help its federal government customers solve tech-oriented problems, has acquired Reston, Virginia-based Digital Age Experts (DAE) for an undisclosed amount.

Founded in 2011, DAE is a small business IT professional services company specializing in cloud management and design.

“DAE strengthens our position with a highly experienced team and proprietary cloud technologies,” said Applied Insight CEO John Hynes in a press release. “Its SHIFT emulation technology combined with AI’s Altitude cloud management platform uniquely positions us to solve all low-to-high side development, testing and integration challenges for government customers.”

The combined company now has 600 employees, 450 of whom work in the D.C. Metro area. DAE will continue to operate from Reston.

Vantage Data Centers expands to Europe through the acquisition of Etix Everywhere.

Wholesale data center services provider Vantage Data Centers has acquired Etix Everywhere. The company operates data centers across 42 acres in Ashburn, Virginia and provides data center solutions to hyperscale cloud and enterprise customers. Through this acquisition, Vantage expands into five European markets, bringing it to 11 markets globally. The financial terms of the acquisition were not disclosed.

Founded in 2012, Etix is a data center provider in Europe and the Middle East. Former Etix CEO Antoine Boniface has joined the Vantage leadership team as the Europe president. Vantage’s VP of international business development, Josh Buis, has been promoted to the role of SVP of sales and business development for the company’s Europe operations.

“The acquisition of Etix accelerates our expansion to Frankfurt, Europe’s highest growth hyperscale market,” Sureel Choksi, president and CEO of Vantage, said in a statement. “We are very excited to welcome Antoine and his team to lead our European business.”

Vantage reports that it will invest $2 billion into its Europe expansion, which includes $800 million in new equity capital from its existing investors.

Companies: CoStar Group
Series: M&A Moves

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The Trump rally shooter perched on a building owned by American Glass Research. Here’s everything we know about it.

Quantum computing could be the next hot tech — if only that breakthrough would come

Here’s how the global tech outage impacted many of the vital systems across the mid-Atlantic region

New tech hub Station DC is launching with a $2M government grant

Technically Media