On June 20, 2024, Entrata®, a leading AI-enabled Operating System (OS) for multi-family communities worldwide, announced its acquisition of Colleen AI, a fully integrated, AI-powered platform optimizing payment collections. By incorporating Colleen AI into Entrata OS, operators can move towards autonomous property management, signaling a new era for the industry. Wilson Sonsini Goodrich & Rosati advised Entrata on the transaction.
The acquisition of Colleen AI boosts AI capabilities across the Entrata OS, supplementing the broad adoption of Entrata Layered Intelligence™ (ELI™). Through the acquisition, Entrata introduces ELI+™, a suite of AI products that facilitate end-to-end workflow automation, bringing transformative efficiency to business operators. The new AI products use thousands of data variables within the Entrata OS to automate and contextualize every interaction, giving it a clear advantage over other non-native AI solutions.
The Wilson Sonsini team that advised Entrata on the transaction includes:
Corporate and M&A
Rezwan Pavri
Brian Keyes
Brendan Mahan
Brian Chan
Amanda Ryan
Technology Transactions
Christopher Paniewski
Andrew Poling
Morgan Kasenchak
Employee Benefits and Compensation
David Thomas
Gregory Hughes
Employment Litigation
Matt Gorman
Colleen Angus-Yamada
Regulatory
Josephine Aiello LeBeau
Seth Cowell
Anne Seymour
Delaware Law
Ryan Greecher
Ryan Hart
For more information, please see Entrata's news release.