Entrata co-founder and former CEO Dave Bateman, who earlier this week distributed an email that included claims of a COVID-19 vaccine conspiracy aiming to “euthanize” Americans and perpetrated by “the Jews,” will divest all holdings in the multibillion-dollar company he helped launch almost 20 years ago, according to the company.

Friday afternoon, current Entrata CEO Adam Edmunds tweeted that the company had sent a notice to its employees and customers stating that the “Entrata board of directors and executive team has informed David Bateman that he must divest his equity holdings promptly. Mr. Bateman has agreed to cooperate with that process.”

The news follows a series of actions taken by the property management software company following Bateman’s email which drew national criticism and condemnation.

While Bateman stepped down from his longtime position as Entrata CEO in December 2020, he had remained chairman of the company’s board of directors until Tuesday afternoon, when the board asked for and received his resignation following distribution of that email earlier in the day.

Bateman’s email warned recipients, which included dozens of Utah tech sector executives, elected officials and other state leaders, that the COVID-19 vaccines were part of a plot intended to “exterminate billions” and “consolidate all the countries in the world under a single flag with totalitarian rule.”

“I write this email knowing that many of you will think I’m crazy after reading it,” Bateman wrote in an email sent out early Tuesday morning. “I believe there is a sadistic effort underway to euthanize the American people. It’s obvious now. It’s undeniable, yet no one is doing anything. Everyone is discounting their own judgment and dismissing their intuition.

“I believe the Jews are behind this.”

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Entrata launched in 2003 with a cloud-based software suite that automates many of the tasks that come with managing multifamily developments. Last July, the company said it was processing more than $20 billion in rent payments annually through its platform and serving more than 20,000 apartment communities across the United States.

Entrata announced a $507 million funding round in 2021 and said it’s the fastest-growing software company in real estate with over $200 million in annual recurring revenue. Last year, the Lehi-based company reported it had over 2,100 employees and plans are in place to add hundreds more in 2022.

Dave Bateman, CEO of Entrata, speaks during StartFEST at the Covey Center for the Arts in Provo on Sept. 2, 2015. | Stacie Scott, Deseret News