Reapit becomes UK’s first PropTech company to place on the Megabuyte50 privately-owned technology companies listing

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London, UK; 30 January 2020: Reapit was officially unveiled as the 17th best-performing privately-owned technology company in the UK, in the Megabuyte50 list. The awards event was held in London on 23 January 2020, sponsored by leading international firms Rothschild & Co and OC&C Strategy Consultants.

The Megabuyte Scorecard is widely recognised as the technology sector’s most independent measure of comparative peer performance and is an influential reference among corporate, advisory and finance communities.

Pooling over 60 years of experience analysing software, IT and telecoms services companies, the Megabuyte research team uses a proprietary benchmarking methodology to assess company performances on several key factors: growth, profitability, cash flow, and size.

Reapit’s first Scorecard in the Megabuyte50 marks a significant achievement for the company to not only rank among the top 20 of this prestigious award on the first year of the company’s inclusion, but also to be the first and only PropTech company in the UK to place in the awards.

For agencies looking for a reliable, consistently growing and innovating CRM, this awarding shows that in as far as reliability and performance goes, there’s no CRM solution on the market right now that’s better placed to deliver efficiency and growth for their customers than Reapit.

Gary Barker, Chief Executive Officer, Reapit said: “We are delighted to rank among the top 20 of the Megabuyte50 awards on our first entry, especially because we’re the first and only PropTech company to have done so thus far. The Megabuyte Scorecard is an invaluable tool when assessing financial performance and acts as a reliable reference point for Reapit’s progress made organically and through our acquisition strategy. This award is recognition of the value our customers receive, and we will continue to innovate and advance our software offering for the property industry.

Barker noted that this placement did not factor in the launch of Reapit’s latest innovation, the Foundations PaaS and App Marketplace, and that successful deployment thereof could significantly increase Reapit’s position on the list going forward, adding that: “Our position on this list matters especially for our customers, because it gives them a third-party view on the sustainability of our business, reassuring them that Reapit is going to be around for a very long time to come – and that reliability and a solid foundation are exactly what agencies want from the partner that powers up all the CRM technology in their business.”

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Notes to Editors

About Reapit

Founded in 1997, The Reapit Group is a CRM and Client Accounting software provider specialising in the residential real estate sector. Bringing 20 years of innovation to the property market, their award-winning software provides everything estate agents need to run and grow their businesses, from sales to lettings, front office to back office, and everything in between. Reapit’s Agency Cloud and Property Cloud software products include the Sales and Lettings CRM, Property Management and Client Accounts; supported with powerful Analytics and Online solutions. The driving force behind Reapit’s ethos is a commitment to bring all an agency’s data together for a single customer view, and together with its powerful service and training model, the company has helped to grow leading brands. The Reapit open platform partner program is at the hub of a PropTech ecosystem delivering tested solutions and increasing choice of tools for agents. Together, the group provides software solutions to over 48,000 users worldwide, managing nearly 100,000 tenancies across more than 4,500 offices across the UK and Australia. For more information, please visit www.reapit.com.

About Megabuyte

Megabuyte is the leading source of independent data and insights on UK technology and tech-enabled businesses, analysing the financial and corporate strategy of some 2,000 companies. Our independence, analytical rigour and sector expertise have made us an indispensable resource for many of the UK’s leading CxOs, investors and advisers in support of their origination, due diligence, M&A, benchmarking, competitor analysis and corporate strategy activities. Our proprietary insights and data are delivered online, through the Megabuyte database, analyst interaction and bespoke reporting.

www.megabuyte.com  

About the Megabuyte50 awards

The Megabuyte50 awards are part of the Megabuyte100 award series which collectively celebrates the 100 best performing technology companies in the UK. The Megabuyte50 awards recognise the 50 best-performing, privately-owned technology companies within the Megabuyte100 winning company universe. Companies’ performance is determined by their Megabuyte Scorecard rating – a proprietary, and wholly independent, benchmarking methodology that assesses companies’ performance against seven key financial KPIs. The rigour of the Megabuyte Scorecard methodology, combined with a specific focus on technology companies, have made Megabuyte’s award series the most influential and authoritative awards in the UK technology sector.

www.megabuyte-awards.com www.megabuyte-awards.com/megabuyte-50/overview