Thoma Bravo’s Realpage Settles DOJ Case With Data Agreement (2)

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.

“Competing companies must make independent pricing decisions, and with the ...