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RealPage Executive Announcement: John Lis

RealPage, Inc. names John Lis to the role of president of Velocity, the leading utility solutions management system for the multifamily housing industry

(August 30, 2012) — The leading provider of on-demand software (Software-as-a-Service) and software-enabled services to the rental housing industry, RealPage, Inc. (NASDAQ: RP), is pleased to announce that John Lis has joined the company as the president of Velocity, RealPage’s advanced utility solutions management system for the rental housing industry.

“Regarded throughout the industry as a visionary leader in the ancillary income, energy management and utilities sector, John brings extensive client experience and business acumen to Velocity,” said William Chaney, executive vice president of RealPage. “John is a great addition to the Velocity leadership team, and we look forward to capitalizing on John’s proven track record and unique ability to work directly with clients, providers and other industry leaders to develop utility, energy and cost recovery solutions that improve our client’s bottom line.”

“Throughout my career in this industry, the RealPage brand has always stood for pioneering technology, exceptional client relationships and the most talented teams in the industry,” said Lis. “I’m excited about the opportunities we have as a company to continue to provide quality products and services to our clients, while continuing to build on RealPage’s long tradition of innovation.”

In his new role, Lis is responsible for the strategic direction, overall management, and Profit and Loss (P&L) functions for Velocity, a wholly-owned subsidiary of RealPage. Lis joins RealPage from ista North America, where he has held the position of chief executive officer since 2011. In this role he managed the regional operations and sales efforts of ista, while ensuring profitability and sustainability. Prior to that role, he has served as a senior vice president at American Utility Management, as well as vice president of energy management at Apartment Investment and Management Company (AIMCO).

A graduate of Arizona State University with a degree in political science, Lis brings more than 24 years of experience in management, sales and marketing and utility billing and bill processing in the multifamily housing industry to RealPage, Inc.

Founded in 2005, Velocity provides a collection of comprehensive services that streamline and automate utility management and cost recovery services for the property management industry. Velocity’s suite of solutions includes a robust utility and energy management platform, utility theft recovery service, on-demand convergent billing for rent, utility charges, late fees and small balances and customized energy advisory services, which are all fully integrated with an on-demand payments system for credit card, ACH and lock box payments.


About RealPage
Located in Carrollton, Texas, a suburb of Dallas, RealPage provides on demand (also referred to as “Software-as-a-Service” or “SaaS”) products and services to apartment communities and single family rentals across the United States. Its on demand product lines include OneSite® property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, senior living and military housing properties; LeaseStar multichannel managed marketing that enables owners to originate, syndicate, manage and capture leads more effectively and at less overall cost; YieldStar® asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property; Velocity billing and utility management services that increase collections and reduce delinquencies; LeasingDesk® risk mitigation systems that are designed to reduce a community’s exposure to risk and liability; OpsTechnology® spend management systems that help owners manage and control operating expenses; and Compliance Depot vendor management and qualification services to assist a community in managing its compliance vendor program. Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage’s MyNewPlace® subsidiary is one of the largest lead generation apartment and home rental websites, offering apartment owners and managers qualified, prospective residents through subscription, pay-per-lead and LeaseMatch pay-per-lease programs. Through its Propertyware subsidiary, RealPage also provides software and services to single-family rentals and low density, centrally-managed multifamily housing. For more information, call 1-87-REALPAGE or visit www.realpage.com.

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