Rapal Oy

Based in Espoo, Finland, and founded in 1991, Rapal Oy operates as a developer of software and data services for real estate management. In June 2021, the firm was acquired by Ørn AS, a portfolio company of Aktia Asset Management, Swedbank Robur, and Tar Heel Capital. The firm as of June 2021, has over 250 customers including real estate companies, real estate tenants, and architectural offices with more than 70 employees, led by its CEO, Tuomas Kaarlehto. Rapal also has a subsidiary in San Francisco, US.

The company offers real estate software-as-a-service (SaaS) solutions namely IWMS360° (Integrated Workplace Management System), for real estate portfolio management, space utilization management, infrastructure cost management, financial and lease management, service contract management, and environmental and CO₂ calculations. Another software solution offered by the company is EG Optimaze for the workplace and office management including real-time and booking data on available desks, rooms, parking spaces, and floorplans, saving energy, and managing capacity, health, and safety. Rapal also provides consulting services on infrastructure financial management including on cost engineering, business cycle monitoring, maintenance cost comparison, environmental calculation, etc. The company generated a revenue of EUR 7.

9 million in 2021.