RealPage, Inc.

RealPage, Inc.

RealPage, Inc.

Overview
Date Founded

2003

Headquarters

2201 LAKESIDE BOULEVARD RICHARDSON TX 75082

Type of Company

Public

Employees (Worldwide)

7,000

Industries

Computer Software
Other Business & Consulting Services
IT Consulting & Services
Real Estate

Company Description

RealPage, Inc. is a leading provider of on demand (also referred to as "Software-as-a-Service" or "SaaS") products and services for the rental housing industry. Our broad range of property management solutions enable property owners and managers to increase revenues and reduce operating costs through higher occupancy, improved pricing methodologies, new sources of revenue from ancillary services, improved collections and more integrated and centralized processes. Based in Carrollton, Texas, a suburb of Dallas, RealPage was formed in 1998 to acquire Rent Roll, Inc., which marketed and sold industry-leading on premise property management systems for the conventional and affordable multifamily rental housing markets. In June 2001, we released OneSite, our first on demand property management system. Since 2002, we have expanded our on demand software solutions to include a number of software-enabled value-added services that provide complementary sales and marketing, asset optimization, risk mitigation, billing and utility management and spend management capabilities. In addition, our growth has been supported by the acquisition of complementary technologies to supplement our internal product development and sales and marketing efforts; expand the scope of our solutions; and the types of rental housing properties served by our solutions and our customer base. We provide our SaaS products and services to more than 8,000 customers to help manage the operations of approximately 7.8 million rental housing units.

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Executives & Employees

Founder

Executive Vice President, Chief Financial Officer & Treasurer

Senior Vice President & Chief Information Officer

Senior Vice President & Chief People Officer

Executive Vice President, Chief Legal Officer & Secretary

President, Velocity

Head-Investor Relations

Executive Vice President of Mergers & Acquisitions & Emerging Markets

Senior Vice President-Incubation

Board of Directors

Former President, Founder at Leeds Equity Advisors, Inc.

Former Professional at Intralinks Holdings, Inc.

Senior Lecturer, International Finance at Massachusetts Institute of Technology - Sloan School of Management

Senior Partner at APAX PARTNERS LLP

Co-Founder at Zuma Capital Management LLC

Advisor at GRAVIDI, Inc

Chief Executive Officer at Sparta Systems, Inc.

Paths to RealPage, Inc.
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RealPage, Inc.
Owners & Shareholders
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SPL seeks to invest their client’s assets primarily in companies that exhibit earnings sustainability and growth due to the characteristics of the industries in which they compete, their positions within those industries and the capabilities of their management teams to execute their business plans. They focus on investments with the potential for long-term capital appreciation. Their analysis generally focuses on a company’s potential performance over two to five years and on the opportunity for significant capital appreciation over that time period. Companies with strong fundamentals and growth opportunities typically trade at premium valuations, so the firm seeks to invest at those times when short-term uncertainty leads to attractive valuations.

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Eminence Capital focuses on fundamental long/short equity investing and seeks to generate above-average long-term capital appreciation through investments primarily in publicly-traded global equity securities. The firm employs bottom-up, fundamental research and quality value investment strategy. They look for high quality businesses and avoid or sell short low quality businesses.

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CCA uses an investment process based upon fundamental business and credit analysis; capital structure and liquidation analysis, a review of all legal documentation surrounding an issuer’s securities and identification of an investment catalyst. The firm makes their investment decision by relying on internally generated research, derived from annual reports, prospectuses, filings with the SEC, corporate press releases, inspections of corporate activities, conversations with the firm and/or competitors, financial newspapers, magazines and other sources.

Recent Transactions
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RealPage, Inc. issued USD Common Stock

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RealPage, Inc. purchases Modern Message Holdings LLC

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RealPage, Inc. purchases Buildium LLC from K1 Investment Management LLC, Sumeru Equity Partners LP

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onRealPage, Inc. issued USD Common Stock

Escrow Agent

Advised onRealPage, Inc. issued USD Common Stock

Underwriter

Advised onRealPage, Inc. issued USD Common Stock

Legal Advisor

Advised onRealPage, Inc. issued USD Common Stock

Legal Advisor

Advised onRealPage, Inc. purchases Rainmaker Group Holdings, Inc. /Lease Rent Options Bus from The Rainmaker Group Holdings, Inc.

Director

Advised onRealPage, Inc. issued USD Common Stock

Advisors & Consultants
Advisor

Senior Partner at APAX PARTNERS LLP

Legal Advisor

Partner at Vinson & Elkins LLP

Legal Advisor

Partner at Simpson Thacher & Bartlett LLP

Clients

The Preiss Co. provides property management services. It engages in the sales and development of investment properties. The firm provides off-campus housing in the nation and the largest woman-owned owner and operator of private student housing. The company was founded by Donna Preiss in 1987 and is headquartered in Raleigh, NC.

Campus Advantage, Inc. engages in the provision of student residential services. It offers housing management, development, acquisition, and consulting services. The company was founded by Michael J. Peter on March 3, 2003 and is headquartered in Austin, TX.

The Conti Organization LLC operates as an real estates investment firm. It focuses on the strategic acquisition, enhancement, and operation of value-added, multifamily properties in Texas. The company was founded by Carlos Vaz and Stewart Hsu and is headquartered in Dallas, TX.

Key Stats and Financials As of 2019
Market Capitalization
$8.92B
Total Enterprise Value
$6.01B
Earnings Per Share
$0.6
Debt TEV
0.21x
TEVNet Income
103.31x
Enterprise Value EBITDAOperating
26.24x
Enterprise Value / Sales
6.09x
Total Equity
$1.17B
Total Debt
$1.28B
EBITDAMargin
22.91%
EBITDA
$226M
Net Profit
$58.2M
Revenue
$988M
Three Year Compounded Annual Growth Rate Of Revenue
20.26%
Non-Profit Donations & Grants
$5,000 - $10K
2017
$2,000 - $3,499
2016
Investments
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CompStak, Inc. provides commercial real estate information solutions. The firm operates a crowd sourced real estate platform for the exchange of commercial lease comps where brokers, landlords, appraisers and researchers use the site, and submit comps on completed commercial lease transactions. It builds a database of all of the commercial lease deals completed in a given market, and they sell this data to real estate private equity funds, asset managers, banks, REITs and hedge funds. The company was founded by Vadim Belobrovka and Michael Mandel in 2011 and is headquartered in New York, NY.

Investors
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Founding Partner at Trinity Ventures LP

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Battery Ventures invest in technology based companies across the Globe, primarily in the U.S., Europe and Israel. They invest in companies with revenue between $5 million and $200 million. The firm focuses on companies operating in the fields of information-technology and industrial-technology sectors including the application software, IT infrastructure and consumer Internet/mobile.The firm's venture capital arm focuses on spans technology sectors and investment stages ranging from seed to growth & private equity investments focus on identifying and building technology companies across all stages of development. They work with management teams to accelerate growth, access new markets and transform businesses in the information and industrial technology sectors. They provides financing for diverse range of deal types, including buyouts of family or founder-owned companies; public to privates; and divisional carve-outs of business units.

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Camden Partners Holdings LLC provides investment and management services. The firm focuses on seed and growth stage investments in healthcare, education, technology, and business services companies. It serves private equity, small cap strategy, and indirect private equity portfolio sectors. The company was founded by David Lyle Warnock in 1995 and is headquartered in Baltimore, MD.

Competitors
CoStar Group, Inc. Internet Software & Services

CoStar Group, Inc. provides commercial real estate information, analytics, and online marketplaces to the commercial real estate and related business communities. The firm’s suite of online services enables clients to analyze, interpret and gain unmatched insight on commercial property values and market conditions. Its brands include CoStar, which is the largest provider of CRE research and real-time data; LoopNet, which is the most heavily trafficked mobile and online real estate marketplace; Apartments.com, which is the rental home resource for renters, property managers and owners; STR, which provides performance benchmarking and comparative analytics to the hotel industry; BizBuySell, which is the online marketplace for businesses-for-sales; and Lands of America, which is the operator of online marketplaces for rural real estate. The company was founded by Andrew C. Florance and Michael R. Klein in 1987 and is headquartered in Washington, DC.

AppFolio, Inc. Computer Software - Santa Barbara, CA

AppFolio, Inc. engages in the provision of cloud-based software solutions. It caters to small and medium-sized businesses in the property management and legal industries. It offers the following solutions: AppFolio Property Manager, Tenant Screening Services, Maintenance Contact Center, Premium Leads, Tenant Debt Collections, and MyCase. The company was founded by Brian Donahoo, Klaus Schauser, and Jonathan Walker in 2006 and is headquartered in Santa Barbara, CA.

Yardi Systems, Inc. Computer Software - Santa Barbara, CA

Yardi Systems, Inc. provides real estate management solution. It offers client central, technical support, training, implementation, industry links, search engine marketing, independent consultants, interfaces, and document library. The firm products include multifamily, office, investment management, condo, single family homes, public housing, social housing, student housing, manufactured housing, military housing, airports, ports, parks and recreation, and self storage. The company was founded by Anant Madhukar Yardi in 1984 and is headquartered in Santa Barbara, CA.

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