M&A mania continues in CRE tech: RDM acquired by Building Engines

For years, one of the oldest and steadiest players in the commercial real estate tech space watched as upstarts sprang up, raised heaps of venture funding, and engaged in a hectic period of M&A activity. But it has finally been swept up in the wave.

Real Data Management, which measures buildings for some of the country’s biggest landlords and helps them keep track of their office space on the cloud, is being acquired by Boston-based Building Engines, The Real Deal has learned.