May 7, 2010 – 4:10 pm
On April 29th, RealPage, Inc, an on demand software solutions provider for the rental housing industry, filed its registration statement with the SEC.In 2009, RealPage revenues rose approximately 26% in 2009 with revenues of $140 million and net income of $28 million.(Click on image below to consolidated financial data)Net income for 2009 included a discrete tax benefit of approximately $26.0 million as a result of a reduction of their net deferred tax assets valuation allowance.Operating income was approximately $6.9 million in 2009.Real Page built most of their business through acquisitions. 1999 - M/PF Research 2000 - ChannelTECH 2002 - YieldStar 2002 - Realhound.com 2003 - Resident Rewards 2005 - The Pleco Group 2007 - LeasingDesk Insurance Services 2008 - WebRoomz 2008 - OpsTechnology 2009 - Evergreen Solutions 2009 - PropertyWare 2010 - Domin-8This is all very good news for the industry and the market in general. The IPO market is improving. Most recently, within the local market, Reply.com, filed to go public.
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