STRATIS
STRATIS is an IoT platform for multifamily and student housing that integrates smart access, in-unit device management, managed Wi-Fi, and water management. Acquired by RealPage in 2020, it serves over 410,000 units across 1,300+ properties in the U.S., Japan, UK, EU, and Latin America.
- Company typePrivate
- Founded2013
- HeadquartersRichardson, United States
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What STRATIS does
STRATIS is an IoT platform purpose-built for multifamily and student housing properties, operating as the connectivity and device-management layer within RealPage Smart Building. Founded in 2013 as a spin-out of BuLogics, Inc. and acquired by RealPage in 2020, the platform delivers a "Sidewalk to Sofa™" solution spanning building exterior access, common areas, and in-unit devices. Core modules include Smart Access (mobile credentialing powered by the proprietary Chirp Access Control system, acquired by RealPage in 2020), Smart Apartment (in-unit device management across third-party locks, thermostats, lighting, and leak sensors), Smart Wi-Fi (managed connectivity on Whitesky's proprietary nationwide backbone, acquired by RealPage in 2021), Smart Water (leak detection and submetering), Smart Waste, and STRATIS TurnTech for automated unit onboarding. The platform integrates with hardware from Schlage, Yale, Honeywell, Nest, Lutron, ButterflyMX, Brivo, Inovonics, NextCentury, Tehama, Sensative, and Silicon Labs, and is the only IoT provider in the multifamily industry to hold SOC2 Type2 certification.
The revenue model combines recurring platform subscriptions, hardware sales, and managed services. Pricing is quote-based; value metrics indicate $15-20 per unit per month revenue potential from managed Wi-Fi and approximately $67 per unit per year in customer water savings, with 70% of residents reportedly willing to pay an extra $100 in monthly rent for smart technologies. Go-to-market runs through three channels: RealPage's enterprise field sales force targeting multifamily property owners and operators, a U.S. Certified Partner Program of vetted systems integrators, and a direct-to-consumer resident app paired with a Smart Building Portal for property staff.
STRATIS reports deployments in over 1,300 properties covering more than 410,000 units across the United States, Japan, the United Kingdom, the European Union, and Latin America, with primary customers in multifamily and student housing verticals. The company is headquartered at 2201 Lakeside Boulevard in Richardson, Texas, employs 51-100 people, and has expanded headcount (52 new team members in 2021), media presence (26 features in 2021), and conference activity (around 30 events in 2021) alongside continued geographic and product-line expansion.
STRATIS firmographics
Firmographics- Name
- STRATIS
- Legal name
- RealPage, Inc.
- Website
- https://stratis.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- STRATIS is an IoT platform for multifamily and student housing that integrates smart access, in-unit device management, managed Wi-Fi, and water management. Acquired by RealPage in 2020, it serves over 410,000 units across 1,300+ properties in the U.S., Japan, UK, EU, and Latin America.
- Ownership category
- akta.pro rank
STRATIS industry classification
Industry- Product category
- Smart Building IoT Platform
- NAICS
- Security Systems Services (except Locksmiths) (561621), Facilities Support Services (561210)
- SIC
- Services-To Dwellings & Other Buildings (7340), Services-Computer Integrated Systems Design (7373), Services-Facilities Support Management Services (8744)
- akta.pro primary industry
- Residential Technology (Access Control, Wi‑Fi, Work Orders) (EDALACAL)
- akta.pro secondary industries
- Student Housing Technology & Systems Support (Housing ERP, Key/Lock Systems, Wi‑Fi Coordination) (EDAEAFAO), Network & Connectivity Support (Wi‑Fi, VPN, Dorm/Residence Network) (EDALAMAF)
Keywords
Where STRATIS is headquartered
LocationHeadquarters
- HQ city
- Richardson
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
STRATIS business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Subscription: STRATIS operates as the operating system behind RealPage Smart Building, offering standalone or combined solutions for smart access, smart devices, and Wi-Fi as part of managed RealPage solution set
- Managed Wi-Fi Services: Whitesky-powered managed Wi-Fi enabling revenue potential of $15-20 per unit per month for properties with no additional infrastructure cost
- Smart Water Solutions: Water management and submetering solutions saving properties approximately $67 per unit annually through leak detection and consumption management
- Hardware Sales: Integration with third-party smart devices including Schlage, Yale, Honeywell, Nest, Lutron locks, thermostats, switches, and sensors
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Smart Wi-Fi Revenue Share |
| Subscription | Annual | Smart Water Savings |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
STRATIS product offering
Product offeringCore offering
STRATIS is the operating system behind RealPage Smart Building, delivering an agnostic IoT platform that integrates smart access control, in-unit smart devices (locks, thermostats, lighting, leak sensors), and property-wide managed Wi-Fi for multifamily and student housing. The Sidewalk to Sofa solution unifies resident credentials, property staff management, and energy/water monitoring into a single SOC2 Type2 certified system available standalone or bundled within the RealPage suite.
Product overview
STRATIS is a platform-plus-modules architecture within the RealPage Smart Building ecosystem, which also includes the acquired brands Chirp and Whitesky. The core STRATIS platform integrates with more third-party smart devices than competitors, offering a Sidewalk-to-Sofa™ solution from exterior access points through to individual units. The product portfolio consists of three main modules: Smart Access (Chirp-enabled mobile credentialing for property-wide access), Smart Apartment (in-unit IoT device management including thermostats, locks, lighting, and leak sensors), and Smart Wi-Fi (Whitesky-powered managed internet). Supporting modules include the STRATIS resident app, Smart Building Portal for property staff, Smart Water for leak detection and submetering, Smart Waste for sustainability, and STRATIS TurnTech for automated unit onboarding/offboarding. Together, these enable unified control across access management, energy efficiency, sustainability, and connectivity from a single platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Smart Access (Chirp Enabled) Mobile credentialing solution enabling residents to access all property entry points, common areas, and units via their mobile devices. Supports tap-to-unlock, visitor pass distribution, and integration with multiple lock brands for multifamily property operators and residents.
- Smart Apartment In-unit smart device management platform that bridges multiple third-party IoT devices into a single resident and property staff access point, supporting smart thermostats, locks, lighting, leak sensors, and voice control for multifamily property operators and residents.
- Smart Wi-Fi (powered by Whitesky) Managed Wi-Fi service purpose-built for multifamily properties, delivered over the Whitesky nationwide network backbone as a cost-effective alternative to traditional carriers and ISPs for dense residential use.
- STRATIS App (Resident) Mobile application for residents providing single-point access to lock credentials, smart devices, visitor management, and property-wide connectivity control within multifamily and student housing.
- Smart Building Portal (Property Staff) Property management interface for staff and management to control access, monitor devices, manage resident onboarding and offboarding, and oversee energy usage in vacant units across multifamily properties.
- STRATIS TurnTech Automated unit turn solution enabling automatic onboarding and offboarding of residents to slash time spent turning units between residents, targeted at high-turnover multifamily and student housing properties.
- Smart Water Water management solution including automatic shutoff valves, acoustic monitoring, real-time submetering, and leak sensor technology for common areas and residential units in multifamily properties.
- Smart Waste Sustainability solution for waste management across multifamily properties, enabling cost reduction and environmental compliance through monitoring and optimization of waste operations.
Quantifiable outcome
- 99% reduction in time spent on key management and creation with Smart Access
- +5 more outcomes
Companies that use STRATIS
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
STRATIS technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
Feature7 records
STRATIS partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core.
- WhiteskycoreWhitesky provides managed Wi-Fi services powered by a proprietary nationwide network backbone. Acquired by RealPage in 2021, Whitesky enables the only cost-effective alternative to traditional ISPs appropriate for dense multifamily residential use.
- Chirp SystemscoreChirp is RealPage's proprietary cloud-based smart access control system built specifically for multifamily and student housing with QR-enabled Smart Signs. Acquired by RealPage in 2020.
- SchlagecoreIntegration partnerships for smart locks including Schlage Control Interconnected Lock FE410, Schlage Control Smart Deadbolt BE467, and Schlage LEB Mobile Enabled Wireless Mortise Lock supporting multifamily-specific features.
- YalecoreIntegration for Yale Assure Series smart locks including YRC 216/612, YRC 226/622, YRC 256/652 (interconnected deadbolts) and YRD 216/612, YRD 226/622, YRD 256/652 (deadbolts) with BLE and PIN support.
- HoneywellcoreIntegrations include Honeywell Home T10 Pro Smart and T6 Pro thermostats, and Honeywell Wi-Fi Water Leak and Freeze Detector for leak detection capabilities.
- Nest (Google)coreIntegration with Nest Learning Thermostat and Nest E thermostat for smart HVAC control in apartments, supporting voice control through Amazon Alexa and Google Home.
- LutroncoreIntegration with Lutron Caseta for dimmers, switches, outlets, fans, and shade controls with geofencing and three-way/four-way lighting capabilities.
Scale indicators8 records
Recent moves7 records
Expansion highlights6 records
STRATIS competitors and assessment
Company assessmentBroad incumbents
- Yardi: Yardi is a major multifamily property management software suite with growing smart-building and resident-experience offerings; as a broad incumbent in the same buyer ecosystem, it is comparable to the RealPage/STRATIS parent context.
- ADT: ADT is a large incumbent security provider with intrusion, video, and access offerings; it is comparable as a broad security-and-monitoring incumbent serving similar multifamily and commercial customers, though less IoT-platform-centric.
- Vivint Smart Home: Vivint is a large smart-home and security provider with smart locks, cameras, and energy management; broader than STRATIS but overlapping on in-unit device management and access credentials.
- August Home (ASSA ABLOY / Yale): August Home, part of ASSA ABLOY, provides smart locks and access credentials and integrates with STRATIS via Yale/Schlage — a broad incumbent whose lock hardware underpins much of STRATIS's access stack.
Direct peers
- SmartRent: SmartRent is a smart-home automation platform purpose-built for multifamily and single-family rentals, offering smart access, unit devices, and community Wi-Fi — directly competing with STRATIS across the same product stack and customer base.
- Brivo: Brivo delivers cloud-based access control and physical security platforms for commercial and multifamily properties; also a STRATIS integration partner, it competes head-to-head on common-area and unit access software.
- RemoteLock: RemoteLock provides cloud-based access control for residential, multifamily, vacation rental, and commercial properties — a focused, comparable peer to STRATIS Smart Access and Chirp capabilities.
- ButterflyMX: ButterflyMX offers video intercoms and access-control hardware for multifamily, student housing, and commercial properties, and is already a STRATIS integration partner — a direct functional peer in property-wide visitor and resident access.
- Latch: Latch provides smart access and building software for multifamily buildings, including smart locks and resident management; it directly overlaps with STRATIS's Smart Access (Chirp) and Smart Apartment offerings.
Emerging players
- BuildingLink: BuildingLink provides building operations and resident management software for residential buildings, with partial overlap with STRATIS's Smart Building Portal in areas like work orders and resident communications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
STRATIS social profiles
Digital presenceSTRATIS compliance and trust
Trust signalCompliance1 record
STRATIS financial estimates
Financial estimateRevenue estimate
Valuation estimate
STRATIS leadership team
Management profileNumber of profiles
Profiles1 record
STRATIS subsidiaries and ownership
Company hierarchySubsidiaries2 records
STRATIS funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
STRATIS M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about STRATIS
What does STRATIS do?
STRATIS is the operating system behind RealPage Smart Building, delivering an agnostic IoT platform that integrates smart access control, in-unit smart devices (locks, thermostats, lighting, leak sensors), and property-wide managed Wi-Fi for multifamily and student housing. The Sidewalk to Sofa solution unifies resident credentials, property staff management, and energy/water monitoring into a single SOC2 Type2 certified system available standalone or bundled within the RealPage suite.
Is STRATIS a public or private company?
STRATIS is a private company. It is classified as corporate owned and is currently operating.
When was STRATIS founded?
STRATIS was founded in 2013. It employs 51 to 100 people.
Where is STRATIS based?
STRATIS is headquartered in Richardson, United States, in the North America region.
How does STRATIS make money?
Four revenue lines are on record. Platform Subscription is the primary driver. The others are managed Wi-Fi Services, smart Water Solutions and hardware Sales.
Who are STRATIS's main competitors?
Broad incumbents on record are Yardi, ADT, Vivint Smart Home and August Home (ASSA ABLOY / Yale). Direct peers are SmartRent, Brivo, RemoteLock, ButterflyMX and Latch. BuildingLink is listed as an emerging player.
Does STRATIS have an API?
No public API is recorded for STRATIS.
What industry is STRATIS in?
STRATIS's product category is Smart Building IoT Platform. Its primary akta.pro industry code is EDALACAL, Residential Technology (Access Control, Wi‑Fi, Work Orders), with a secondary code of EDAEAFAO, Student Housing Technology & Systems Support (Housing ERP, Key/Lock Systems, Wi‑Fi Coordination). Its NAICS code is 561621 and its SIC code is 7340.