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AppFolio, Inc. is a software as a service solutions provider serving the real estate sector. It has its headquarters in Santa Barbara, California.
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AppFolio – Company Research Report About Company AppFolio is a firm that was established in 2006 to provide SaaS (software-as-a- service) applications for vertical marketplaces. AppFolio mainly concentrates on cloud-oriented property management software services, solutions, as well as data analytics to the realty vertical.
The headquarters of AppFolio is situated in Goleta, CA, in the Santa Barbara region. Foundation and Early Years AppFolio came into existence in 2006. The co-founders of the company were Jon Walker and Klaus Schauser. Klaus was also the founder of Expertcity, the online services segment of Citrix Online. Initially, AppFolio concentrated on property management services for small to medium-scale enterprises. In 2007, it commenced its business by launching the product named AppFolio Property Manager. 2012 November witnessed the acquisition of MyCase by AppFolio. MyCase is a law practice management software provider. In 2015 April, AppFolio took over RentLinx, a real estate software agency. The takeover incorporated privileges to the site ShowMeTheRent.com. This grew the scope of the clientele of the company and offered them a better listing footprint. In 2015 May, the company declared it’s Initial Public Offering (IPO) which was brought out in June same year. In 2018 September, the company announced the takeover of WegoWise, a utility analytics software. In 2019 January, AppFolio took over Dynasty Marketplace, Inc. at a valuation of $60 million. In 2020 September, AppFolio declared the selling of MyCase to Apax Funds, a private equity agency, at a valuation of around $193 million. The stocks of AppFolio, Inc. are publicly traded on the NASDAQ stock exchange with the ticker symbol APPF. It is a Class A stock and forms a component of the Russell 2000 Index. As of 2020, the company had 1,335 employees.
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