LORUM

What LORUM does

LORUM SOFTWARE DEVELOPMENT, S.L. (operating as LORUM) is a Barcelona-based technology consultancy and software vendor founded by Arum Group in 2021, focused exclusively on the real estate sector. The company develops Lorum4RE (L4RE), a vertical ERP add-on built on SAP Business ByDesign and SAP Business Technology Platform, designed to consolidate property development, sales, rentals, community management, accounting, and analytics in a single cloud-native platform. Lorum4RE is offered in two tiers: Plug&Play (core property management, implementation from 6 weeks) and Extended (adding historical data migration, multi-country localization for 20+ countries, CRM integrations with Salesforce and HubSpot, HR, and cash flow and delinquency forecasting).

LORUM serves a defined set of Spanish- and European-tilted real estate sub-segments, including property developers (promotora), construction companies (constructora), SOCIMIs (REITs), patrimonialistas, asset managers (gestoras), property administrators (administradores de fincas), commercial agents, and municipalities (ayuntamiento). Named customers include Castellana Properties, Carrefour Property, GYG Ltd, Engel, Oasiz, Astro, and the Àrea Metropolitana de Barcelona. Revenue is generated through a monthly SaaS subscription priced by user type and quantity (billed quarterly), implementation services billed at 40/40/10/10 milestones, and ongoing technical support and maintenance. Go-to-market is direct enterprise field sales supplemented by the SAP Gold Partner channel, with three-year horizon contracts and 99.5% guaranteed production availability.

Name

LORUM

Legal name

LORUM SOFTWARE DEVELOPMENT, S.L.

Website

https://lorum4re.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

LORUM is a Barcelona-based SAP Gold Partner that develops Lorum4RE, a real estate ERP add-on built on SAP Business ByDesign, serving property developers, SOCIMIs, construction firms, asset managers, and public entities across Spain and 20+ countries via subscription SaaS.

Ownership category

akta.pro rank

Product category

Real Estate ERP Software

NAICS

Custom Computer Programming Services (541511), Software Publishers (5132), Computer Systems Design Services (541512)

SIC

Services-Prepackaged Software (7372), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Loan Origination Systems (LOS) (FSALALAA)

Keywords

• Real estate ERP
• Property management software
• SAP Business ByDesign add-on
• Real estate automation
• Cloud ERP software

Headquarters

HQ city

Barcelona

HQ country

Spain

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Software Subscription: Monthly subscription-based SaaS model for software as a service, priced based on user types and quantity. User licenses are billed quarterly. Includes 3-year horizon contracts with availability guarantee of 99.5% in production tenant.
2. Implementation Services: Professional services for ERP implementation including consulting, deployment, and go-live support. Implementation service billed across milestones: 40% at contract signing, 40% at business scenarios verification, 10% at user training, and 10% at go-live.
3. Technical Support and Maintenance: Technical support including user support, corrective maintenance for LORUM-developed functionalities, and evolution/maintenance services for scaling to new functionalities based on business growth.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

LORUM delivers Lorum4RE (L4RE), an ERP add-on built on SAP Business ByDesign and SAP Business Technology Platform, specifically designed for the real estate sector. The product provides end-to-end property management capabilities including 360-degree property visibility, project planning for development and construction, contract and billing management (rentals and sales), IBI/taxes/permits handling, community management, purchasing, document management, and financial accounting. It is offered in a base Plug&Play version and an Extended version with multi-country localization, CRM integrations, HR, and advanced forecasting.

Product overview

LORUM offers Lorum4RE (L4RE), a real estate management ERP add-on built on SAP Business ByDesign. The product family consists of two versions: Lorum4RE Plug&Play (base version) and Lorum4RE Extended (customized version). Both versions provide cloud-based property management, contract management, financial accounting, and analytics capabilities, with Extended offering additional features such as multi-country localization, CRM integrations, and advanced forecasting.

Differentiator

Problem solved

Functional benefit

Brands

• Lorum4RE Plug&Play: Base version of the L4RE ERP property management platform, includes core functionality for managing key real estate processes with implementation from 6 weeks.
• Lorum4RE Extended

Products and services

• Lorum4RE (L4RE) SaaS ERP add-on developed on SAP Business ByDesign and SAP Business Technology Platform, designed specifically for the real estate sector. Provides comprehensive property management including project planning, contract and billing management, community management, financial accounting, and integrated analytics for property developers, SOCIMIs, construction firms, asset managers, property administrators, and municipalities.
• Lorum4RE Plug&Play Base version of Lorum4RE offering core real estate management functionality including 360-degree property view, project planning for promotion and construction, contract and billing management for rentals and sales, IBI/taxes/dues management, community management, purchasing and supplier management, document management, forms, and financial accounting. Implementation available from 6 weeks at low cost.
• Lorum4RE Extended Extended version of Lorum4RE configured to meet additional business needs. Includes historical data migration, multi-country localization (20+ countries), real estate portal integration, CRM integrations (Salesforce, HubSpot), HR management, cash flow forecasting, and delinquency forecasting.
• Implementation Services Professional services for ERP implementation including consulting, deployment, and go-live support for Lorum4RE. Billed across milestones: 40% at contract signing, 40% at business scenarios verification, 10% at user training, and 10% at go-live.
• Technical Support and Maintenance Ongoing technical support including user support, corrective maintenance for LORUM-developed functionalities, and evolution/maintenance services for scaling Lorum4RE to new functionalities based on business growth.

Quantifiable outcome

• Implementation timeline from 6 weeks for base version
• +2 more outcomes

Named customers10 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered core and flagship.

• AdvantyscoreImplementation/ SI/ Consulting Partner · 16 March 2026Strategic alliance announced March 16, 2026 between LORUM and Advantys, a company specialized in implementing business management solutions. The partnership integrates Lorum4RE with Sage accounting software, creating a connected platform where operational and accounting information flows automatically and unified. Advantys brings expertise in Sage implementation to complement Lorum4RE's real estate operational management.
• SAPflagshipTechnology or IntegrationLORUM operates as SAP Gold Partner, developing Lorum4RE as a specialized real estate add-on built on SAP Business ByDesign. SAP provides the cloud ERP infrastructure, quarterly updates, and global platform with nearly 350,000 customers worldwide. LORUM contributes real estate domain expertise and specialized vertical solution development.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• SAP: Underlying platform vendor and Gold Partner of LORUM. Provides the cloud ERP and BTP infrastructure LORUM builds on; could also compete with generic SAP real estate functionality for some segments.
• Sage Group: UK-listed accounting/ERP incumbent with deep SMB footprint in Spain. Now strategically allied with LORUM via Advantys to integrate Lorum4RE with Sage — competes in the financial ERP layer that LORUM's customers also rely on.

Direct peers

• RealPage: US-listed vertical SaaS for multifamily, commercial, and single-family real estate operators. Competes in the same property management + back-office ERP category as LORUM, with broader module suite but less European depth.
• Buildium: Property management SaaS for residential and small commercial portfolios, serving administradores de fincas–style workflows. Closest peer for the 'gestora' and 'administrador de fincas' customer segments LORUM targets.
• RentManager: Vertical ERP for property management combining accounting, CRM, and operations. Comparable mid-market ERP positioning for rental/asset managers.
• Entrata: Property management platform for multifamily operators, with accounting, CRM, and resident portals. Overlaps with LORUM's contract/billing/community management modules and SaaS delivery model.
• AppFolio: Cloud ERP for property managers and landlord operators (AppFolio Property Manager). Comparable mid-market go-to-market and SaaS delivery model; LORUM's Spanish/European positioning is the key differentiator.
• MRI Software: Global real estate software suite covering property management, accounting, and analytics for commercial, residential, and public-sector portfolios. Direct competitor for SOCIMIs, property owners, and asset managers served by LORUM.
• Yardi Systems: Largest pure-play vertical SaaS provider for commercial and residential real estate (property management, accounting, CRM). Closest direct functional analog to Lorum4RE for asset and property managers, though at vastly greater scale and broader geographic footprint.

Regional players

• Witei: Spanish real estate CRM and management platform widely used by agencias and promotoras in Spain/LatAm. Most relevant regional peer for LORUM's 'agente comercial' and smaller promotora customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCFUkVitxubb-dxIB-XZB4Eg
• LinkedInlinkedin.com/company/lorum

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LORUM