(November 11, 2010)—RealPage, Inc. (NASDAQ:RP), today announced that the Pinnacle Family of Companies, the leading third-party manager according to the NMHC Top 50 Largest U.S. Apartment Managers, has successfully deployed the RealPage Cloud to host and manage information technology (IT) functions for its property management operations.
“RealPage has deep knowledge and understanding of our industry, with the resources and expertise needed to effectively support an organization as large as Pinnacle,” said Scott McCurdy, vice president of information technology for Pinnacle. “Instead of expending resources to manage existing solutions, the RealPage Cloud frees up our IT professionals to cost-effectively focus on innovation and strategic planning of technology solutions. Moving forward, RealPage will be an effective partner as we bring new technology innovations to our clients.”
“Pinnacle will continue to look for opportunities to strategically position itself as a thought leader in our industry, which will afford us the ability to positively impact property performance,” said Ed Wolff, chief administrative officer for Pinnacle.
The RealPage Cloud provides technology solutions dedicated solely to the multifamily real estate industry. RealPage applications are hosted in redundant data centers on hundreds of physical servers approaching 1,000 terabytes of storage and redundant connections to the Internet. In addition, it provides reduced hosting costs for Cloud customers and their third-party enterprise and accounting platforms; real-time disaster recovery; improved application performance because of extremely high-speed networks, servers, and storage area network arrays; and improved, reliable integration between third-party applications through the RealPage Exchange platform.
For more information about the RealPage Cloud, or to schedule a meeting with a RealPage executive to learn more about these services, please contact Karen Dodge at karen.dodge@realpage.com or (972) 820-3718.
About RealPage, Inc.
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on-demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its six on-demand product lines include OneSite© property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, and military housing properties; Level One© (formerly CrossFire) that enable owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar© asset optimization systems that increase asset valuation and investment return; Velocity™ billing and utility management services that increase collections and reduce delinquencies; LeasingDesk© risk mitigation systems that are designed to reduce a community’s exposure to risk and liability; and OpsTechnology© spend management systems that help owners manage and control operating expenses. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit(www.realpage.com)
About the Pinnacle Family of Companies
The Pinnacle Family of Companies is a global real estate provider, specializing in strategic investments, development and management of multifamily residential communities. As the nation’s largest third-party manager of multi-family housing; Pinnacle’s portfolio is valued at $22 billion, includes more than 185,000 residential units and 15 million square feet of commercial assets. With the Corporate headquarters located in Dallas, Texas, Pinnacle has over 40 Regional and field offices with 5,000 employees located in seven countries, 42 states, and 250 cities worldwide.