RealPage, Inc. (NASDAQ:RP), a leading global provider of software and data analytics to the real estate industry, today announced the launch of CommunityConnect, an integrated, managed service that will vastly accelerate deployment of smart access, smart apartment devices and community-wide ultra-high speed Wi-Fi connections in the multifamily industry.
What is CommunityConnect?
CommunityConnect is a one-stop shop for community-wide smart access to buildings and units, smart devices, and ultra-high-speed community-wide Wi-Fi. Each of these offerings is available stand-alone or in combination with the others as part of a fully managed RealPage® solution set. RealPage and its network of partners will perform and manage the design, engineering, procurement, installation and operations of all aspects of the solution, which are accessible through a single smartphone app.
This single app solution and the integration of hundreds of partners was enhanced by the recent acquisition of STRATIS IoT, which delivers smart buildings and "connected communities.” The name of the STRATIS resident app will become the "CommunityConnect App” and is part of the CommunityConnect family of solutions from RealPage. To see the App in action, link to https://www.realpage.com/videos/communityconnect-app/.
The CommunityConnect App is connected to a central communication hub for each community that monitors the performance of every device in the building 24x7 and takes calls from residents or property staff if there is an outage. The CommunityConnect App enables renters to be instantly provisioned to access community and unit locks, smart devices and secure personal Wi-Fi networks anywhere on the property. The CommunityConnect App is licensed to the property owner on a per unit per month basis with affordable subscription fees tied to which CommunityConnect solutions are deployed and the number of smart devices activated in each community.
CommunityConnect is Positioned to Stimulate Rapid Adoption:
Integrated Smart Access from Sidewalk to Sofa™ unlocks revenue potential worth several hundred dollars per unit per year and corresponding operating cost savings by enabling fobless and keyless site access. Integrating access to gates, buildings, corridors and units is now affordable for less than $300 per door in capital costs, with paybacks in under 18 months in most communities.
Smart Apartment Devices, like smart water meters, thermostats, lights, leak detectors and Google® and Amazon® voice assistants were expensive and did not integrate with each other. Now, prices have dropped and we have the ability to integrate disparate devices into a single resident access point. Working together, these devices can be used to significantly reduce property costs and improve the resident experience. For example, resident utility costs are a sizable expense for renters. If your sustainable apartments reduce energy and water costs by a few hundred dollars per unit per year compared to your competitor, this is a differentiator that will benefit you and your renters in real dollar savings, and renters will value the increased sustainability of your community.
RealPage Community-Wide High-Speed Internet Access (HSIA) solution provides far more than Internet access for residents in their units. Traditional single-family broadband solutions deployed in most apartment buildings today are costly to the resident and are frequently limited to in-unit Wi-Fi. Our managed HSIA solution, offering wired and wireless speeds up to 1Gbps throughout a community, is a cost-effective alternative that provides a personal area network for each resident, a guest network for non-residents, access for on-site leasing managers and maintenance, and can serve as the backbone for your smart community solutions. It enables a community-wide connected lifestyle that enriches the resident experience and can lower resident Internet costs currently paid to cable or phone companies, making your apartment more competitive. It also gives the owner opportunities to reduce expenses and add higher revenue shares from the sale of bulk Wi-Fi. With sub-18-month returns on investment, a managed HSIA solution can support almost every on-site technology solution available today.
Smart and connected communities will become a requirement for many residents who are working at home more and expect the same convenience at home that they enjoy at the office. Apartments that are not smart and not connected will be at a competitive disadvantage to a larger and larger segment of renters, so our expectation is that tens of thousands of apartment buildings will retrofit their apartments to support all aspects of smart technology over the next few years. To see CommunityConnect in action, link to https://www.realpage.com/videos/communityconnect/.
With CommunityConnect, RealPage is now one of the largest integrators of smart apartments in the U.S. with over 600,000 smart apartments deployed through its Resident Technology Services and STRATIS IoT divisions. RealPage will unveil the new CommunityConnect solution—and showcase how the STRATIS acquisition complements it—at REALWORLD2020, Tuesday, September 15 at 10:00 am CDT.
RealPage provides a technology platform that enables real estate owners and managers to change how people experience and use rental space. Clients use the platform to gain transparency in asset performance, leverage data insights and monetize space to create incremental yields. Founded in 1998 and headquartered in Richardson, Texas, RealPage currently serves approximately 19 million units worldwide from offices in North America, Europe and Asia. For more information about RealPage, please visit https://www.RealPage.com.
About STRATIS IoT
STRATIS creates smart apartments and intelligent buildings and is the only platform of its kind built for the complexities of multifamily and student housing. STRATIS is installed in over 380,000 units across the U.S., Japan, the UK, EU and Latin America. STRATIS now serves hospitality, retail and small to mid-size commercial, as well. STRATIS is a 3x Inc. 5000 "Fastest Growing Company in America” and a Top Ten Entrepreneur 360 "Best Company in America.” To get more information, visit STRATISIoT.com.
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1. US futures point higher after Dow broke 30,000. See what markets are doing after a record-breaking day on Wall Street.
2. Tesla's market cap could soon overtake Berkshire Hathaway's. Here's why the shrinking gap is astounding.
3. US tech firms could compensate gig workers in stock. Companies like Uber, Lyft, and DoorDash could offer independent contractors up to 15% of their compensation in equity under a new proposal.
4. European banks can restart dividend payments next year if they show resiliency. A long-lasting ban on paying dividends may not even be legal, a senior ECB official said.
5. Byron Wien says the stock market may be getting ahead of itself. But the billionaire investor said the economy will expand for the next several years and this will help long-term investors realize gains.
6. US home prices gained a record 3.1% in the third quarter as historically low mortgage rates drove outsized demand.
7. On the data docket. MBA mortgage applications, continuing jobless claims, and the Federal Open Market Committee minutes are due.
8. A checklist for investing in the most promising SPACs. David Goldsmith of Baron Funds names 3 of the booming 'blank-check companies' he finds attractive now.
9. Morgan Stanley says beaten-down aerospace stocks offer attractive upside. The firm recently identified 4 picks poised to surge more than 20% in 2021.
10. Morningstar's top stock-pickers share their favorites. 10 high-conviction stock selections, according to data exclusively crunched by the firm.
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Linx closed the 2Q20 with gross revenue of BRL 246.3 million. The indicator is the result of the combination of recurring revenues and services. In 2Q20, total recurring revenue reached BRL 213.1 million, 13.2% higher than the same period in 2019 and equivalent to 87% of gross revenue. Linx's net revenue was BRL 213.5 million, which represented an increase of 10.8% when compared to 2Q19. Adjusted EBITDA reached BRL 60.3 million in the quarter and the adjusted EBITDA margin was 28.2%. Adjusted net income in the 2Q20 was BRL 12.0 million.
"Linx turned the crisis into an opportunity through its ability to generate value for the retailer with its end-to-end platform, providing in many cases technologies that guaranteed the continuity of operations, especially with the offering of Linx Digital solutions. As a result, we have seen a sharp acceleration in the digital transformation process in recent months. In addition to partnerships with the most relevant marketplaces in Brazil, Linx launched new offers such as Linx Commerce for Pharmacies with 60,000 pre-registered SKUs, integration with the B2W marketplace. Other existing solutions had a huge increase in demand, such as the Neemo application that was expanded to also serve convenience stores and the Payment Link that can be sent to the customer to make the payment for a purchase via messaging applications and is already integrated with the store's ERP,” explains Alberto Menache, Linx CEO.
We continue to operate normally and reaffirm our commitment to the long term, ensuring the safety of our team, service to customers and suppliers, and consequently, to the business. We maintain our company acquisition strategy with a focus on solutions that complete our portfolio of solutions for small businesses and cross-sell to Linx Core customers.
Linx is a Brazilian company specialized in retail technology. Leader in the management software market, with 45,6% of retail market share, as IDC attests. Publicly traded at B3 since 2013, Linx also became the first Brazilian publicly traded software company at NYSE in 2019. The company has more than 3,500 employees distributed among its headquarters in São Paulo, 15 branches throughout Brazil. and 5 countries in America. Visit www.linx.com.br/imprensa.
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