RealPage to Acquire Hipercept

Expands Asset & Investment Management Solution

RICHARDSON, Texas–(BUSINESS WIRE)–RealPage,
Inc.
(NASDAQ:RP),
a leading global provider of software and data analytics to the real
estate industry, today announced that it has agreed to acquire
substantially all of the assets of CRE Global Enterprises, LLC, a
holding company for Hipercept. Hipercept provides data services and data
analytic solutions to institutional real estate owners with over $500
billion in assets under management operating in the US, Asia, Canada and
Europe, addressing the incredibly complex problem of aggregating,
reporting and benchmarking real estate across multiple asset classes,
property management platforms and external data sources. Clients include
major banks, pension funds, insurance companies and asset management
firms. Hipercept supports these clients with offices in New York,
Boston, Medellín and London.

In addition, Hipercept offers both a cloud-based commercial and
multifamily real estate valuation cash flow forecasting product called
FUEL (www.fuelcre.com),
and an extensive data warehouse, data governance and analytics platform
called Foundation. Upon completion of the acquisition, which is expected
within approximately 30 days, RealPage plans to begin marketing a
combined Asset & Investment Management (AIM) platform that integrates
its existing Portfolio Asset Management (PAM) and Portfolio Investment
Management (PIM) products with Foundation and FUEL.

Following the acquisition, RealPage will be able to offer its existing
commercial and multifamily clients a fully integrated valuation
capability with FUEL, supplementing and significantly expanding the
Underwriting Analytics product RealPage released last year. The
combination is expected to create the industry’s only fully integrated
platform that aggregates and manages data across the entire investment
lifecycle for real estate and alternative investments.

Steve Winn, Chairman and CEO of RealPage:

“With the addition of this acquisition to RealPage’s previously
developed capabilities, RealPage will offer an integrated platform to
serve the end-to-end needs of an institutional real estate and
alternative asset owner. No longer will customers need to cobble
together applications and services to run their business. RealPage can
offer a complete solution, supported by managed services, to run their
entire operational process.”

Damien Georges, Founder, Hipercept:

“We are excited to join RealPage and to be able to provide the product
platform and managed services offering that we believe an institutional
owner needs to power their front and middle office. We have worked to
develop products and managed services that are entirely complementary to
RealPage’s existing solution offering. We are retaining all of our staff
and all Hipercept offices will remain open, so we can continue to
provide the same excellent level of service our clients are accustomed
to.”

Alan James, SVP Asset Investment Management:

“We will be ready to go to market with a fully integrated Asset &
Investment Management (AIM) solution at the time we complete this
transaction, allowing us to offer a full range of investment management
lifecycle products. We plan to couple the portfolio modeling
capabilities of PIM with the asset cash flow forecasting and valuation
functionality of FUEL, while combining the robust reporting analytics
engine of PAM with the Foundation data warehouse. Additionally, we will
be able to offer managed services including partner management,
valuation process management and ongoing integration management. I am
also truly excited that this transaction will enable us to continue our
international expansion, especially into the European market.”

About RealPage

RealPage is a leading global provider of software and data analytics to
the real estate industry. Clients use its platform to improve operating
performance and increase capital returns. Founded in 1998 and
headquartered in Richardson, Texas, RealPage currently serves over
12,100 clients worldwide from offices in North America, Europe and Asia.
For more information about RealPage, please visit www.realpage.com.

About Hipercept

Hipercept is a global provider of consulting, technology and managed
services to the Alternative Investments industry, primarily to limited
partners, general partners, real estate owners, operators and lenders.
Hipercept focuses on operational and technology processes that drive
front and back office efficiency. Headquartered in New York, NY,
Hipercept has an international presence with offices and clients in the
US, Europe, Colombia and Canada. For information about the company,
visit www.hipercept.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking” statements relating to
RealPage, Inc.’s strategy related to marketing combined products from
the Hipercept transaction and its existing AIM products, the ability of
the combined products to serve the end-to-end needs of an institutional
real estate and alternative investments asset owner by providing a
complete solution that will allow owners to run their entire operational
process, the complementary nature of the RealPage and Hipercept
products, the timing of the closing of the transaction and offering a
fully integrated product following closing of the transaction and
ability to continue international expansion. These forward-looking
statements are based on management’s beliefs and assumptions and on
information currently available to management. Forward-looking
statements include all statements that are not historical facts and may
be identified by terms such as “expects,” “believes,” “plans,” or
similar expressions and the negatives of those terms. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Additional factors that could cause or
contribute to such differences include, but are not limited to, the
following: (a) the possibility that general economic conditions,
including leasing velocity or uncertainty, could cause information
technology spending, particularly in the rental housing industry, to be
reduced or purchasing decisions to be delayed; (b) an increase in
insurance claims; (c) an increase in client cancellations; (d) the
inability to increase sales to existing clients and to attract new
clients; (e) RealPage’s failure to integrate recent or future acquired
businesses successfully or to achieve expected synergies including the
transaction with Hipercept; (f) the timing and success of new product
introductions by RealPage or its competitors; (g) changes in RealPage’s
pricing policies or those of its competitors; (h) legal or regulatory
proceedings; (i) the inability to achieve revenue growth or to enable
margin expansion; (j) changes in RealPage’s estimates with respect to
its long-term corporate tax rate or any other impact from the Tax Cuts
and Jobs Act; and (k) such other risks and uncertainties described more
fully in documents filed with or furnished to the Securities and
Exchange Commission (“SEC”) by RealPage, including its Annual Report on
Form 10-K previously filed with the SEC on February 27, 2019 and Form
10-Q filed on May 8, 2019. All information provided in this release is
as of the date hereof and RealPage undertakes no duty to update this
information except as required by law.

Contacts

Investor Relations
Rhett Butler
(972) 820-3773
rhett.butler@realpage.com

RealPage to Acquire Hipercept

Expands Asset & Investment Management Solution

RICHARDSON, Texas–(BUSINESS WIRE)–RealPage,
Inc.
(NASDAQ:RP),
a leading global provider of software and data analytics to the real
estate industry, today announced that it has agreed to acquire
substantially all of the assets of CRE Global Enterprises, LLC, a
holding company for Hipercept. Hipercept provides data services and data
analytic solutions to institutional real estate owners with over $500
billion in assets under management operating in the US, Asia, Canada and
Europe, addressing the incredibly complex problem of aggregating,
reporting and benchmarking real estate across multiple asset classes,
property management platforms and external data sources. Clients include
major banks, pension funds, insurance companies and asset management
firms. Hipercept supports these clients with offices in New York,
Boston, Medellín and London.

In addition, Hipercept offers both a cloud-based commercial and
multifamily real estate valuation cash flow forecasting product called
FUEL (www.fuelcre.com),
and an extensive data warehouse, data governance and analytics platform
called Foundation. Upon completion of the acquisition, which is expected
within approximately 30 days, RealPage plans to begin marketing a
combined Asset & Investment Management (AIM) platform that integrates
its existing Portfolio Asset Management (PAM) and Portfolio Investment
Management (PIM) products with Foundation and FUEL.

Following the acquisition, RealPage will be able to offer its existing
commercial and multifamily clients a fully integrated valuation
capability with FUEL, supplementing and significantly expanding the
Underwriting Analytics product RealPage released last year. The
combination is expected to create the industry’s only fully integrated
platform that aggregates and manages data across the entire investment
lifecycle for real estate and alternative investments.

Steve Winn, Chairman and CEO of RealPage:

“With the addition of this acquisition to RealPage’s previously
developed capabilities, RealPage will offer an integrated platform to
serve the end-to-end needs of an institutional real estate and
alternative asset owner. No longer will customers need to cobble
together applications and services to run their business. RealPage can
offer a complete solution, supported by managed services, to run their
entire operational process.”

Damien Georges, Founder, Hipercept:

“We are excited to join RealPage and to be able to provide the product
platform and managed services offering that we believe an institutional
owner needs to power their front and middle office. We have worked to
develop products and managed services that are entirely complementary to
RealPage’s existing solution offering. We are retaining all of our staff
and all Hipercept offices will remain open, so we can continue to
provide the same excellent level of service our clients are accustomed
to.”

Alan James, SVP Asset Investment Management:

“We will be ready to go to market with a fully integrated Asset &
Investment Management (AIM) solution at the time we complete this
transaction, allowing us to offer a full range of investment management
lifecycle products. We plan to couple the portfolio modeling
capabilities of PIM with the asset cash flow forecasting and valuation
functionality of FUEL, while combining the robust reporting analytics
engine of PAM with the Foundation data warehouse. Additionally, we will
be able to offer managed services including partner management,
valuation process management and ongoing integration management. I am
also truly excited that this transaction will enable us to continue our
international expansion, especially into the European market.”

About RealPage

RealPage is a leading global provider of software and data analytics to
the real estate industry. Clients use its platform to improve operating
performance and increase capital returns. Founded in 1998 and
headquartered in Richardson, Texas, RealPage currently serves over
12,100 clients worldwide from offices in North America, Europe and Asia.
For more information about RealPage, please visit www.realpage.com.

About Hipercept

Hipercept is a global provider of consulting, technology and managed
services to the Alternative Investments industry, primarily to limited
partners, general partners, real estate owners, operators and lenders.
Hipercept focuses on operational and technology processes that drive
front and back office efficiency. Headquartered in New York, NY,
Hipercept has an international presence with offices and clients in the
US, Europe, Colombia and Canada. For information about the company,
visit www.hipercept.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking” statements relating to
RealPage, Inc.’s strategy related to marketing combined products from
the Hipercept transaction and its existing AIM products, the ability of
the combined products to serve the end-to-end needs of an institutional
real estate and alternative investments asset owner by providing a
complete solution that will allow owners to run their entire operational
process, the complementary nature of the RealPage and Hipercept
products, the timing of the closing of the transaction and offering a
fully integrated product following closing of the transaction and
ability to continue international expansion. These forward-looking
statements are based on management’s beliefs and assumptions and on
information currently available to management. Forward-looking
statements include all statements that are not historical facts and may
be identified by terms such as “expects,” “believes,” “plans,” or
similar expressions and the negatives of those terms. These
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Additional factors that could cause or
contribute to such differences include, but are not limited to, the
following: (a) the possibility that general economic conditions,
including leasing velocity or uncertainty, could cause information
technology spending, particularly in the rental housing industry, to be
reduced or purchasing decisions to be delayed; (b) an increase in
insurance claims; (c) an increase in client cancellations; (d) the
inability to increase sales to existing clients and to attract new
clients; (e) RealPage’s failure to integrate recent or future acquired
businesses successfully or to achieve expected synergies including the
transaction with Hipercept; (f) the timing and success of new product
introductions by RealPage or its competitors; (g) changes in RealPage’s
pricing policies or those of its competitors; (h) legal or regulatory
proceedings; (i) the inability to achieve revenue growth or to enable
margin expansion; (j) changes in RealPage’s estimates with respect to
its long-term corporate tax rate or any other impact from the Tax Cuts
and Jobs Act; and (k) such other risks and uncertainties described more
fully in documents filed with or furnished to the Securities and
Exchange Commission (“SEC”) by RealPage, including its Annual Report on
Form 10-K previously filed with the SEC on February 27, 2019 and Form
10-Q filed on May 8, 2019. All information provided in this release is
as of the date hereof and RealPage undertakes no duty to update this
information except as required by law.

Contacts

Investor Relations
Rhett Butler
(972) 820-3773
rhett.butler@realpage.com

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