Thoma Bravo’s Realpage Settles DOJ Case With Data Agreement

Thoma Bravo LLC’s RealPage Inc. and the Justice Department reached a settlement agreement in an antitrust case that had accused the company of monopolizing the market for rental property software and fostering a price-fixing conspiracy among residential landlords around the US.

According to the proposed settlement, which has to be approved by a federal judge in North Carolina, RealPage has agreed to stop enabling the sharing of non-public pricing data between competing landlords and to stop using that data to train its artificial intelligence models for determining rental prices.