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RealPage Acquires EverGreen Solutions

Acquisition further solidifies company’s commitment to providing open solutions

(September 23, 2009) RealPage, Inc (www.realpage.com), a leading provider of on-demand software and services to the real estate industry, further expands its ability to provide open solutions to clients with the acquisition of EverGreen Solutions, Inc. (www.evergreen-solutions.net), a technology consulting and integration firm serving the multifamily, commercial, senior, student and military housing markets.

“The acquisition of EverGreen Solutions further evolves our commitment to being open for business,” said Steve Winn, CEO of RealPage. “EverGreen will play an important role in facilitating the growth of our Cloud Computing Infrastructure-as-a-Service offering.”

RealPage recently announced its new Cloud Computing Division, which provides open access to RealPage products for RealPage clients and certified partners, and improves integration of RealPage products and services with third party accounting applications.

EverGreen Solutions will operate as a managed services model under RealPage. It will continue to work with its real estate clients to improve management systems in the areas of application hosting, including upgrades and new product implementation, application support, custom programming and reports and integrations and interfaces.

“This is an exciting new chapter for EverGreen,” said Georgianna W. Oliver, CEO and founder of EverGreen Solutions. “There are many innovative advancements coming in technology for the multi-tenant market, and our alignment with RealPage will provide broader and more comprehensive consulting opportunities with existing and new customers alike.”

EverGreen Solutions will maintain its headquarters in Washington, D.C. for close access to national associations, regulatory agencies, and industry leaders, and will also maintain its fully-staffed technical division in Tulsa, Oklahoma. In addition, it will open an office at the RealPage headquarters in Carrollton, Texas.

For more information about the EverGreen Solutions acquisition, or to schedule an interview with a RealPage or EverGreen Solutions executive, please contact Karen Dodge at karen.dodge@realpage.com or (972) 820-3718.


About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides Software-as-a-Service products and services to more than 30,000 apartment communities 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 housing, and military properties; CrossFire® sales and marketing systems that boost occupancy and build retention; YieldStar® asset optimization systems that maximize asset valuation and investment return; Velocity utility management systems that accelerate payments for resident charges; LeasingDesk® risk mitigation systems that reduce a community’s exposure to risk and liability; and OpsTechnology spend management systems that help owners manage and reduce operating expenses. In addition, RealPage now offers Infrastructure-as-a-Service to multifamily owners and operators to help reduce IT costs and dramatically improve integration performance and reliability. For more information, call 1-87-REALPAGE or visit www.realpage.com.

About EverGreen Solutions
EverGreen Solutions, Inc. is the largest technology consulting firm serving the real estate industry with focused services for the multifamily, commercial, senior, student, and military housing markets. Since the start of the new millennium, EverGreen Solutions has worked with real estate firms of all sizes to design, recommend, and install software solutions and implement best management practices. More information about EverGreen Solutions is available at www.evergreen-solutions.net.

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