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The Company
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6 Months Ended |
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Jun. 30, 2011
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| The Company [Abstract] | |
| The Company |
1. The Company
RealPage, Inc., a Delaware corporation, and its subsidiaries, (the “Company” or “we” or “us”)
is a provider of property management solutions that enable owners and managers of single-family and
a wide variety of multi-family rental property types to manage their marketing, pricing, screening,
leasing, accounting, purchasing and other property operations. Our on demand software solutions are
delivered through an integrated software platform that provides a single point of access and a
shared repository of prospect, resident and property data. By integrating and streamlining a wide
range of complex processes and interactions among the rental housing ecosystem of owners, managers,
prospects, residents and service providers, our platform optimizes the property management process
and improves the experience for all of these constituents. Our solutions enable property owners and
managers to optimize 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.
Public Offerings
On August 11, 2010, our registration statement on Form S-1 (File No 333-166397) relating to
our initial public offering (“IPO”) was declared effective by the Securities and Exchange
Commission (“SEC”). We sold 6,000,000 shares of common stock in our initial public offering. Our
common stock began trading on August 12, 2010 on the NASDAQ Global Select Stock Market under the
symbol “RP,” and our initial public offering closed on August 17, 2010. Upon closing of our initial
public offering, all outstanding shares of our preferred stock, including a portion of accrued but
unpaid dividends on our outstanding shares of Series A, Series A1 and Series B convertible
preferred stock, were converted into 29,567,952 shares of common stock.
In connection with the consummation of the Offering, our Board of Directors and stockholders
approved our Amended and Restated Certificate of Incorporation (the “Restated Certificate”), which
was filed with the Delaware Secretary of State and became effective on August 17, 2010. The
Restated Certificate provides for two classes of capital stock to be designated, respectively,
Common Stock and Preferred Stock. The total number of shares which the Company is authorized to
issue is 135,000,000 shares. 125,000,000 shares are Common Stock, par value $0.001 per share, and
10,000,000 shares are Preferred Stock, par value $0.001 per share.
On December 6, 2010, our registration statement on Form S-1 (File No 333-170667) relating to a
public stock offering was declared effective by the SEC. We sold an additional 4,000,000 shares of
common stock in the offering. The offering closed on December 10, 2010.
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