Appointed to Group Vice President, Chief Revenue Officer
(July 11, 2013) — RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software (Software-as-a-Service) and software-enabled services to the rental housing industry, today announced the appointment of Mike Sabbatis to the role of group vice president, Chief Revenue Officer, reporting directly to Steve Winn, chairman and CEO of RealPage. Sabbatis will be responsible for the leadership and direction of the implementation, support, training, sales and marketing teams. Sabbatis will also utilize his depth of experience to influence short-term and long-term revenue generation, as well as overall corporate strategy. As a result, Sabbatis will ensure that the entire organization has the direction, information and resources needed to improve client success as well as drive continued adoption of the Company’s solutions.
“Mike has an unparalleled track record in leading software, information and service companies,” said Steve Winn. “With more than 30 years of experience, Mike has achieved exceptional success developing innovative software solutions, leveraging forward looking technology and delivering customer-focused profitable growth for his companies. His wealth of knowledge and experience are a tremendous asset to leverage as we continue to optimize the operations of our clients and serve the unique needs of the rental housing industry as a whole.”
“I am excited to be part of an exceptional management team and eager to broaden our focus on providing clients with innovative, cloud-based software solutions and software-enabled services,” said Sabbatis. “I have always believed that a keen focus on client satisfaction and an intimate understanding of the elements that enable client success can improve the way solutions are delivered to the market and help remove any barriers to broad-based customer adoption. It is clear from my initial conversations with clients that the rental housing industry is comprised of strategic-minded operators, focused on gaining efficiencies in their respective operations. I am proud to say that RealPage has a unique position in the marketplace to listen and continue to partner with rental housing operators in order to help enhance their operations across a wide range of business performance indices and strategic objectives. I look forward to partnering with current clients as well as prospective clients to enable them to unlock the value of RealPage solutions and optimize their operations in a meaningful way.”
Sabbatis joins RealPage from CCH Tax and Accounting, a division of Wolters Kluwer, where he served as president and CEO. Responsible for their software, information and services division, Sabbatis drove best-in-class solutions, led new product innovation and acquired multiple technology assets resulting in consistent revenue growth and record results. He currently serves on the boards of XCM Solutions, LLC, as well as Doc.It, which provides technology enabled solutions in workflow and document management. Prior to these roles, Sabbatis served as Executive Vice President of global sales & marketing at Wolters Kluwer and held similar roles at Thomson Reuters.
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.