RealPage Secures $20 Million in Financing from Apax Partners | RealPage
Summary
(January 12, 2004) — RealPage, Inc., a leading provider of residential real estate technology solutions, today announced that it has secured $20 million in financing from Apax Partners. RealPage offers software products and services that automate operations for owners and managers of real estate properties, serving more than 20,000 apartment communities across the United States. “We were attracted to RealPage because of the company’s leading market share position in the multifamily real estate sector and the success of OneSite, its next generation, fully-integrated suite of web-based products,” said Roger Hurwitz of Apax Partners. We will continue to invest in our product suite and infrastructure to meet the needs and demands of the industry and to provide the highest level of customer support.” In addition, RealPage named Alfred Berkeley, former President of NASDAQ, to its Board of Directors. Property marketing systems stimulate demand for vacant apartment units, capture and close more leads, build resident loyalty, and increase top-line revenue.