Key Developments: RealPage Inc (RP.O)

RP.O on Nasdaq

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Latest Key Developments (Source: Significant Developments)

RealPage Inc Appoints President-Form 8-K
Thursday, 2 Aug 2012 09:13pm EDT 

RealPage Inc reported in its Form 8-K that in addition to his roles as Chairman of the Board, Chief Executive Officer (CEO) and a member of the Board, Stephen T. Winn has been appointed President of the Company. Appointment is effective as of August 1, 2012.  Full Article

RealPage Inc Issues Q3 2012 Guidance; EBITDA And Net Income Guidance Below Analysts' Estimates; Raises Low End Of Prior FY 2012 Guidance To A Range In Line With Analysts' Estimates
Thursday, 2 Aug 2012 04:06pm EDT 

RealPage Inc announced that for the third quarter of 2012, it expects Non-GAAP total revenue to be in the range of $83.0 million to $85.0 million; Adjusted EBITDA to be in the range of $18.5 million to $19.0 million; and Non-GAAP net income to be in the range of $8.7 million to $9.0 million, or $0.12 per diluted share. For fiscal 2012, the Company expects Non-GAAP total revenue to be in the range of $324.0 million to $330.0 million; adjusted EBITDA to be in the range of $72.5 million to $75.0 million; and Non-GAAP net income to be in the range of $34.4 million to $36.0 million, or $0.47 to $0.49 per diluted share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $84.0 million, EBITDA of $19.2 million, net income of $9.2 million and EPS of $0.12 for the third quarter of 2012; revenue of $324.5 million, EBITDA of $73.8 million, net income of $35.1 million and EPS of $0.48 for fiscal 2012.  Full Article

RealPage Inc Acquires RentMineOnline Inc.
Monday, 23 Jul 2012 09:17am EDT 

RealPage Inc announced that it has acquired RentMineOnline Inc. (RMO), a software-as-a-service provider of social network marketing solutions for the multifamily rental housing industry. The Company paid closing merger consideration of approximately $6.0 million. The Merger Agreement provides for the payment of up to an additional $3.5 million to RMO stockholders.  Full Article

RealPage Inc Settles Yardi Systems, Inc. Litigation
Monday, 2 Jul 2012 09:00am EDT 

RealPage Inc announced that it has entered into a comprehensive settlement of the litigation that has been pending with Yardi Systems, Inc. since January 2011. As part of the settlement, Yardi and RealPage have granted each other perpetual licenses and rights to substantially expanded interfaces so that clients can experience a more full-featured integration between RealPage and Yardi applications. The parties also have established ongoing testing environments to ensure that the interfaces operate smoothly as designed. The expanded interfaces will operate on current and future versions of Yardi's Voyager 6.0 and both versions of the Voyager S platforms and current and future versions of RealPage's OneSite platform. In addition, RealPage has been granted a license to certain patents related to the Yardi PopCard technology that improves a leasing agent's ability to manage incoming leads from diverse lead channels. RealPage will continue providing Voyager hosting to current clients for five more years. RealPage also has agreed to stop offering hosting services for Yardi software to new customers and to stop providing support or implementation services for Yardi software.  Full Article

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