AppFolio explained
| AppFolio, Inc. |
| Type: | Public |
| Hq Location City: | Santa Barbara, California |
| Hq Location Country: | U.S. |
| Area Served: | United States |
| Industry: | Software |
| Products: | - AppFolio Property Manager
- AppFolio Investment Manager
|
| Services: | Software as a service |
| Operating Income: | (2023) |
| Net Income: | (2023) |
| Assets: | (2023) |
| Equity: | (2023) |
| Num Employees: | 1,504 (December 2023) |
| Footnotes: | Financials .[1] |
AppFolio is a company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry. The company's headquarters is in Goleta, California, in the Santa Barbara area.
History
AppFolio was established in 2006 by co-founders Klaus Schauser and Jon Walker. Schauser had previously founded Expertcity.
The company's first focus was property management for small to medium businesses and its first product, AppFolio Property Manager, was launched in 2007.
In November 2012, AppFolio acquired MyCase, a "legal practice management software provider."
AppFolio purchased real estate software firm RentLinx in April 2015. This acquisition included rights to the website ShowMeTheRent.com, which increased AppFolio's listing presence.
In May 2015, AppFolio announced its IPO, which was unveiled in June.
In September 2018, AppFolio reported acquisition of utility analytics software WegoWise.[2]
In January 2019, AppFolio acquired Dynasty Marketplace, Inc., for $60 million.[3] [4]
In September 2020, AppFolio announced the sale of MyCase to private equity firm Apax Funds, for approximately $193 million.[5]
Products
AppFolio Property Manager
A property technology solution with accounting, marketing, leasing, and management functionality for multifamily and single-family, commercial, student housing, community association, and mixed portfolio property managers.[6] In June 2022 the company expanded the platform by launching AppFolio Stack,[7] its integration marketplace.
AppFolio Investment Manager
A software platform designed for real estate investment management, with tools for fund management and syndication.[8]
Awards
In 2020, AppFolio ranked #1 in Fortune’s list of Fastest-Growing Companies.[9]
The same year, AppFolio was recognized as a Best Place to Work by Glassdoor.[10]
Notes and References
- Web site: US SEC: Form 10-K AppFolio, Inc. . . 1 February 2024.
- Web site: AppFolio acquires analytics software company WegoWise. live. 2021-10-04. Pacific Coast Business Times. 5 September 2018 . https://web.archive.org/web/20180908121922/https://www.pacbiztimes.com/2018/09/04/appfolio-acquires-analytics-software-company-wegowise/ . 2018-09-08 .
- Web site: Stradling Advises AppFolio in its $60 Million Acquisition of Dynasty Marketplace. CCBJ. en. 2020-04-15. 2022-10-07. https://web.archive.org/web/20221007164319/https://ccbjournal.com/news/stradling-advises-appfolio-in-its-60-million-acquisition-of-dynasty-marketplace. live.
- Web site: AppFolio Acquires Dynasty Marketplace, Inc.. 2019-01-08. Mirror Review. en-US. 2020-04-15.
- Web site: September 08. Rhys Dipshan . PM. 2020 at 05:28. MyCase Sold to Private Equity Firm for Nearly $200 Million. 2020-12-29. Legaltech News. en. 2022-10-07. https://web.archive.org/web/20221007164320/https://www.law.com/legaltechnews/2020/09/08/mycase-sold-to-private-equity-firm-for-nearly-200-million/?slreturn=20220907124319. live.
- Web site: 2020-12-29. AppFolio Property Manager Reviews & Product Details. live. https://web.archive.org/web/20200422232315/https://www.g2.com/products/appfolio-property-manager/reviews . 2020-04-22 . 2020-12-29. G2.
- Web site: AppFolio Expands Through a Platform Marketplace . 2022-11-03 . GlobeSt . en.
- Web site: 2020-12-29. AppFolio Investment Management Reviews & Product Details. live. https://web.archive.org/web/20200508225400/https://www.g2.com/products/appfolio-investment-management/reviews . 2020-05-08 . 2020-12-29. G2.
- Web site: Finance has usurped tech among the most-represented industries on the 100 Fastest-Growing Companies list. 2021-01-28. Fortune. en. 2021-02-10. https://web.archive.org/web/20210210145541/https://fortune.com/2020/10/29/fastest-growing-companies-appfolio-tech-finance-industry-tech-company-growth/. live.
- Web site: Columbus. Louis. Glassdoor's Best Places To Work In 2020 Shows Tech Is The Future. 2021-01-28. Forbes. en. 2022-10-07. https://web.archive.org/web/20221007164318/https://www.forbes.com/sites/louiscolumbus/2019/12/11/glassdoors-best-places-to-work-in-2020-shows-tech-is-the-future/. live.
