AppFolio

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AppFolio, Inc.
TypePublic
Nasdaq: APPF (Class A)
Russell 2000 Component
IndustrySoftware
Founded2006; 16 years ago (2006)
FounderKlaus Schauser
Jon Walker
Headquarters
Santa Barbara, California
,
United States
Area served
USA
Key people
Jason Randall, CEO
Jon Walker, CTO
Products(see products)
  • AppFolio Property Manager
  • AppFolio Investment Management
ServicesSoftware as a Service
Revenue310.1 million (2020)
Number of employees
1,335 (2020)
Websiteappfolioinc.com

AppFolio is a company founded in 2006 that offers software-as-a-service (SaaS) applications for vertical markets. AppFolio primarily focuses on cloud-based property management software, services, and data analytics to the real estate industry.

The company’s headquarters is in Goleta, California,[1] in the Santa Barbara area.

History[]

AppFolio was established in 2006 by co-founders Klaus Schauser[2] and Jon Walker.[3][4] Schauser had previously founded Expertcity.[3]

The company’s first focus was property management for small to medium businesses[3] and its first product, AppFolio Property Manager, was launched in 2007.[4]

In November 2012, AppFolio acquired MyCase, a "legal practice management software provider."[5]

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.[6][1]

In May 2015, AppFolio announced its IPO,[2] which was unveiled in June.[1]

In September 2018, AppFolio reported acquisition of utility analytics software WegoWise. [7]

In January 2019, AppFolio acquired Dynasty Marketplace, Inc., for $60 million.[8][9]

In September 2020, AppFolio announced the sale of MyCase to private equity firm Apax Funds, for approximately $193 million.[10]

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.[11]

AppFolio Investment Management[]

A software platform designed for real estate investment management, with tools for fund management and syndication.[12]

Awards[]

In 2020, AppFolio ranked #1 in Fortune’s list of Fastest-Growing Companies.[13]

The same year, AppFolio was recognized as a Best Place to Work by Glassdoor.[14]

References[]

  1. ^ 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.
  2. ^ a b "AppFolio files for $100M IPO". Pacific Coast Business Times. 19 May 2015. Retrieved 16 March 2017.
  3. ^ a b c McFadden, Kevin (6 September 2010). "AppFolio Stakes Out Territory in Field of Property Management Software". Noozhawk. Retrieved 16 March 2017.
  4. ^ a b Kettmann, Matt (11 November 2014). "AppFolio Cofounder Talks Startup Weekend". Santa Barbara Independent. Retrieved 16 March 2017.
  5. ^ Kowalski, Mitch (8 November 2012). "MyCase acquired by AppFolio". National Post. Retrieved 13 March 2017.
  6. ^ Martin, Erika (10 April 2015). "AppFolio buys San Diego real estate tech firm". Pacific Coast Business Times. Retrieved 13 March 2017.
  7. ^ "AppFolio acquires analytics software company WegoWise". Pacific Coast Business Times. Retrieved 2021-10-04.{{cite web}}: CS1 maint: url-status (link)
  8. ^ "Stradling Advises AppFolio in its $60 Million Acquisition of Dynasty Marketplace". CCBJ. Retrieved 2020-04-15.
  9. ^ "AppFolio Acquires Dynasty Marketplace, Inc". Mirror Review. 2019-01-08. Retrieved 2020-04-15.
  10. ^ September 08, Rhys Dipshan |; PM, 2020 at 05:28. "MyCase Sold to Private Equity Firm for Nearly $200 Million". Legaltech News. Retrieved 2020-12-29.
  11. ^ "AppFolio Property Manager Reviews & Product Details". G2. 2020-12-29. Retrieved 2020-12-29.{{cite web}}: CS1 maint: url-status (link)
  12. ^ "AppFolio Investment Management Reviews & Product Details". G2. 2020-12-29. Retrieved 2020-12-29.{{cite web}}: CS1 maint: url-status (link)
  13. ^ "Finance has usurped tech among the most-represented industries on the 100 Fastest-Growing Companies list". Fortune. Retrieved 2021-01-28.
  14. ^ Columbus, Louis. "Glassdoor's Best Places To Work In 2020 Shows Tech Is The Future". Forbes. Retrieved 2021-01-28.

External links[]

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