The Rainmaker Group Acquires Grasp LLC

PRLog (Press Release) - Dec. 17, 2012 - The Rainmaker Group, the leading provider of revenue management (http://www.letitrain.com/multi-family-housing/features-and-benefits/accurate-forecasts-optimization/) and profit optimization solutions (http://www.letitrain.com/multi-family-housing/) to the multifamily housing and gaming/hospitality industries, today announces the acquisition of Grasp LLC, a software company based in Atlanta. The acquisition, which was completed November 30, 2012, reflects Rainmaker’s continued commitment and focus on providing industry-leading solutions to help its clients grow.

Grasp's technology will enable Rainmaker to provide more comprehensive, flexible analytics and data visualization.  As a result, Rainmaker clients will gain superior insights about their assets and markets.

“We are very excited to bring Grasp’s analytics and business Intelligence technology to our customer base,” said Amar Duggasani, EVP Strategy & Business Development for Rainmaker. “This strategic acquisition enables the immediate and aggressive integration of Grasp’s state-of-the-art technology into our Rainmaker LRO™ product suite and ultimately across our entire product line, delivering every Rainmaker client a more robust and further optimized platform.”

About Rainmaker  

The Rainmaker Group is the market leader in profit optimization solutions for the Multifamily Housing and Gaming & Hospitality industries. Rainmaker software, coupled with professional business consulting services, enables multifamily housing operators to maximize revenue from apartment leases and helps operators of casino hotels and other hospitality enterprises secure the most valuable customers to increase their profitability. Rainmaker is a Microsoft Gold Certified Partner and leverages cutting-edge research in order to bring customers the most sophisticated solutions to their revenue management challenges. Adopted by industry leaders and niche players alike, Rainmaker solutions provide clients a strategic advantage in achieving the highest profitability from their assets. Multifamily housing clients include leaders such as Archstone, AvalonBay Communities, Equity Residential, Gables Residential, Post Properties, Mid-America Apartment Communities and more. Gaming/Hospitality clients include leading casino/hotel organizations such as Atlantis The Palm Dubai, Caesars Entertainment, MGM Resorts International, Omni Hotels & Resorts, Wynn Las Vegas and many others. Headquartered in northern Atlanta, GA, Rainmaker is an innovator and thought leader in the highly specialized revenue optimization field. For two consecutive years, Inc. magazine ranked Rainmaker among America’s top 5,000 fastest-growing, privately held companies.  For more information, visit http://www.LetItRain.com.

Media Contact:    

LinnellTaylor Marketing

Marlena DeFalco

Account Director

(303) 682-3943      

marlena@linnelltaylor.com

Company Contact:

The Rainmaker Group

Nancy Nevins

Director, Marketing

(678) 578-5728          
nnevins@LetItRain.com