AppFolio is a company founded in 2006 that offers software-as-a-service (SaaS) applications and services to the real estate industry.
 | |
| Company type | Public |
|---|---|
| Industry | Software |
| Founded | 2006 |
| Founders |
|
| Headquarters | , U.S. |
Area served | United States |
Key people | |
| Products |
|
| Services | Software as a service |
| Revenue |  US$620 million (2023) |
| US$1 million (2023) | |
| US$2.7 million (2023) | |
| Total assets | US$409 million (2023) |
| Total equity | US$409 million (2023) |
Number of employees | 1,504 (December 2023) |
| Website | appfolio |
| Footnotes / references Financials as of December 31, 2023[update].[1] | |
The company's headquarters is in Goleta, California,[2] in the Santa Barbara area.
History
editAppFolio was established in 2006 by co-founders Klaus Schauser[3] and Jon Walker.[4][5] Schauser had previously founded Expertcity.[4]
The company's first focus was property management for small to medium businesses[4] and its first product, AppFolio Property Manager, was launched in 2007.[5]
In November 2012, AppFolio acquired MyCase, a "legal practice management software provider."[6]
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.[7][2]
In May 2015, AppFolio announced its IPO,[3] which was unveiled in June.[2]
In September 2018, AppFolio reported acquisition of utility analytics software WegoWise.[8]
In January 2019, AppFolio acquired Dynasty Marketplace, Inc., for $60 million.[9][10]
In September 2020, AppFolio announced the sale of MyCase to private equity firm Apax Funds, for approximately $193 million.[11]
Products
editAppFolio Property Manager
editA 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.[12] In June 2022 the company expanded the platform by launching AppFolio Stack,[13] its integration marketplace.
AppFolio Investment Manager
editA software platform designed for real estate investment management, with tools for fund management and syndication.[14]
Awards
editIn 2020, AppFolio ranked #1 in Fortune’s list of Fastest-Growing Companies.[15]
The same year, AppFolio was recognized as a Best Place to Work by Glassdoor.[16]
References
edit- ^ "US SEC: Form 10-K AppFolio, Inc". U.S. Securities and Exchange Commission. 1 February 2024.
- ^ a b c Potthoff, Gina (28 November 2015). "Goleta's AppFolio on Steady Path to Expansion, Success with Cloud-Based Software". Noozhawk. Retrieved 13 March 2017.
- ^ a b "AppFolio files for $100M IPO". Pacific Coast Business Times. 19 May 2015. Archived from the original on 7 October 2022. Retrieved 16 March 2017.
- ^ a b c McFadden, Kevin (6 September 2010). "AppFolio Stakes Out Territory in Field of Property Management Software". Noozhawk. Retrieved 16 March 2017.
- ^ a b Kettmann, Matt (11 November 2014). "AppFolio Cofounder Talks Startup Weekend". Santa Barbara Independent. Archived from the original on 18 March 2017. Retrieved 16 March 2017.
- ^ Kowalski, Mitch (8 November 2012). "MyCase acquired by AppFolio". National Post. Archived from the original on 18 March 2017. Retrieved 13 March 2017.
- ^ Martin, Erika (10 April 2015). "AppFolio buys San Diego real estate tech firm". Pacific Coast Business Times. Archived from the original on 7 October 2022. Retrieved 13 March 2017.
- ^ "AppFolio acquires analytics software company WegoWise". Pacific Coast Business Times. 5 September 2018. Archived from the original on 2018-09-08. Retrieved 2021-10-04.
- ^ "Stradling Advises AppFolio in its $60 Million Acquisition of Dynasty Marketplace". CCBJ. Archived from the original on 2022-10-07. Retrieved 2020-04-15.
- ^ "AppFolio Acquires Dynasty Marketplace, Inc". Mirror Review. 2019-01-08. Retrieved 2020-04-15.
- ^ September 08, Rhys Dipshan |; PM, 2020 at 05:28. "MyCase Sold to Private Equity Firm for Nearly $200 Million". Legaltech News. Archived from the original on 2022-10-07. Retrieved 2020-12-29.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "AppFolio Property Manager Reviews & Product Details". G2. 2020-12-29. Archived from the original on 2020-04-22. Retrieved 2020-12-29.
- ^ "AppFolio Expands Through a Platform Marketplace". GlobeSt. Retrieved 2022-11-03.
- ^ "AppFolio Investment Management Reviews & Product Details". G2. 2020-12-29. Archived from the original on 2020-05-08. Retrieved 2020-12-29.
- ^ "Finance has usurped tech among the most-represented industries on the 100 Fastest-Growing Companies list". Fortune. Archived from the original on 2021-02-10. Retrieved 2021-01-28.
- ^ Columbus, Louis. "Glassdoor's Best Places To Work In 2020 Shows Tech Is The Future". Forbes. Archived from the original on 2022-10-07. Retrieved 2021-01-28.
External links
edit- Official website
- Business data for AppFolio, Inc.: