RealPage, Inc.

RealPage, Inc.

RealPage, Inc.

Overview
Date Founded

2003

Headquarters

2201 LAKESIDE BOULEVARD RICHARDSON TX 75082

Type of Company

Public

Employees (Worldwide)

6,200

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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In The News
Executives & Employees

Founder

Executive Vice President, Chief Financial Officer & Treasurer

Executive Vice President & Chief Operating Officer

Executive Vice President & Chief Product Officer

Chief People Officer & Senior Vice President

Executive Vice President, Chief Legal Officer & Secretary

Executive Vice President, Chief Innovation Officer

Senior Vice President, Chief Accounting Officer

President, Velocity

Head-Investor Relations

Board of Directors

Founder at RealPage, Inc.

Former President, Founder at Leeds Equity Advisors, Inc.

Senior Partner at APAX PARTNERS LLP

Former Chairman & Chief Executive Officer at Ascential Software Corp.

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

Co-Founder at Zuma Capital Management LLC

Advisor at GRAVIDI, Inc

Venture Partner at Camden Partners Private Equity

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RealPage, Inc.
Owners & Shareholders
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Stockbridge Partners focuses on investments in marketable securities. They take positions in public securities with a bias to be long-term investors. The firm 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. Stockbridge Partners' analysis generally focuses on a company's potential performance over 2 to 5 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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Eagle Asset Management provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals through proprietary, bottom-up, hands-on research and deliberate, thoughtful and calculated stock picking. Their investment philosophy is designed to deliver superior, risk-adjusted returns via both separately managed account and mutual fund platforms. The firm's equity strategies include: Small-Cap Growth, Small/Mid-Cap Core, Mid-Cap Growth, Mid-Cap Core, Value, All Cap, Equity Income, and Large-Cap Core. Their fixed income strategies include Government Securities, High Quality Taxable, High Quality Tax-Free, Special Fixed Income, and Core Fixed Income. They also offer a Strategic Income Portfolio Balanced strategy.

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DGI seeks to invest in companies that are expected to yield high returns and can be purchased at a discount to intrinsic value. The firm's investment approach is based on the premise that stock returns can exceed a company's fundamental growth when purchased at a discount to intrinsic value. DGI's investment process is designed to capture the full benefit of a company's growth potential over time and limit the downside if the company fails to meet expectations. Their expected holding period is 7 years. DGI offers Mid-Cap Growth Equity, Small-Cap Growth Equity, and Fixed Income investment strategies.

Recent Transactions
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RealPage, Inc. purchases Hipercept, Inc.

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RealPage, Inc. raised money in a private placement transaction

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RealPage, Inc. purchases Rentlytics, Inc. from Trinity Ventures LP, Icon Ventures LLC, Crosslink Capital, Inc. (Venture Capital), E-Merge SA, Rincon Venture Management LLC, Daher Capital, Otter Rock Capital, Traverse Venture Partners, Zenstone Venture Capital LLC

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onRealPage, Inc. purchases ClickPay Services, Inc. from NovelPay LLC

Escrow Agent

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.

Legal Advisor

Advised onRealPage, Inc. issued 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 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

Moorfield Group is a UK based real estate and real estate related investor, developer and private equity fund manager.Moorfield currently manages two real estate private equity funds for third party investors: the Moorfield Real Estate Fund, and; the Moorfield Real Estate Fund II (collectively referred to as the MREF Funds) - both of which they also invest directly in. They additionally manage some pre-MREF Funds investments directly through Moorfield Group Limited and subsidiaries. The company was founded in January 1996 and is headquartered in Westminster, London.

HSL Properties, Inc. is an American private company located in Tucson, AZ, that leases multi-family apartment, retail buildings, shopping malls and hotels.

Key Stats and Financials As of 2018
Market Capitalization
$5.69B
Total Enterprise Value
$4.67B
Earnings Per Share
$0.38
Revenue
$869M
Enterprise Value Sales
5.37x
Enterprise Value EBITDAOperating
26.98x
TEVNet Income
134.54x
Debt TEV
0.14x
Three Year Compounded Annual Growth Rate Of Revenue
22.89%
Five Year Compounded Annual Growth Rate Of Revenue
18.19%
EBITDAMargin
19.92%
Total Debt
$644M
Total Equity
$1.06B
EBITDA
$173M
Net Profit
$34.7M
Investments
Details Hidden

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. 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.Battery Ventures' venture capital focuses on spans technology sectors and investment stages ranging from seed to growth. This is their hub for new ideas, insights and introductions to help entrepreneurs grow their businesses.The firm's 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. They invest in companies with revenue between $5 million and $200 million.

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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.

Suppliers
Prophecy International Holdings Ltd. IT Consulting & Services | Adelaide, SA

Prophecy International Holdings Ltd. designs, develops, and markets computer software applications. It operates through the following segments: Legacy, SNARE, and eMite. The Legacy segment includes products such as basis2, PROMADIS, and Prophecy. The Snare segment is designed to address critical auditing and security requirements. The eMite segment is a service intelligence platform delivering personalized, role-based dashboards for information technology service management. The company was founded on September 4, 1997 and is headquartered in Adelaide, Australia.

Competitors
CoStar Group, Inc. Advertising & Marketing

CoStar Group, Inc. is engaged in the provision of information, analytics, and marketing services to the commercial real estate industry. Its integrated suite of online service offerings includes information about space available for lease, comparable sales information, tenant information, information about properties for sale, internet marketing services, analytical capabilities, information for client's websites, information about industry professionals and their business relationships, data integration, and industry news. It operates through the North America and International segments. The North America segment comprises of U.S. and Canada. The International segment includes of the United Kingdom, Spain, Germany, and France. 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 Yardi in 1984 and is headquartered in Santa Barbara, CA.

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