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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AGCO, a worldwide manufacturer and distributor of agricultural equipment and solutions (NYSE:AGCO), today announced that Martin Richenhagen has chosen to retire as Chairman, President and Chief Executive Officer on December 31, 2020. The Company further announced that its Board of Directors has appointed Eric Hansotia, currently AGCO’s Senior Vice President and Chief Operating Officer, to succeed Mr. Richenhagen as Chairman, President and Chief Executive Officer effective January 1, 2021. In addition, Mr. Hansotia has been elected to the Board of Directors, effective immediately.
Martin Richenhagen joined AGCO in 2004 as President and CEO and was named Chairman of the Board of Directors in 2006.
"It’s been my greatest privilege to serve alongside my AGCO colleagues for the past 16 years,” stated Mr. Richenhagen. "Their dedication, integrity, innovativeness and commitment to our customers are what make AGCO such an extraordinary Company, and I’m proud to have been part of its history. I have tremendous confidence in Eric, the Board, our employees and our dealer network, and believe that AGCO’s best days are yet to come.”
Speaking on behalf of AGCO’s Board of Directors, Gerald Shaheen, AGCO’s independent Lead Director, stated, "Martin has served AGCO with great distinction through the years, and we are enormously thankful for his contributions to the Company. Under his leadership, AGCO evolved into an integrated global manufacturer of high-tech, sustainable, agricultural solutions to serve our farmers around the world. AGCO expanded its product portfolio, entered into new markets, consolidated product platforms and modernized facilities. Driven by strong financial performance under his direction, AGCO improved to an investment grade credit rating while initiating a dividend and a substantial share re-purchase program. Martin has been a model of corporate leadership and integrity in the industry. We wish him well in his retirement and look forward to new levels of success under Eric’s leadership.”
"The Board and I are confident that Eric is the right person to build on AGCO’s solid foundation,” added Mr. Richenhagen. "Eric is a seasoned leader with broad industry knowledge, making him uniquely qualified to lead AGCO into the future. Eric has made significant contributions to AGCO’s success over the past seven years, most recently leading the Company through the unique challenges presented by COVID-19. His strong strategic view on the future trends in global agriculture along with his diverse operational experience will enable AGCO to successfully meet the changing needs of our customers.” Mr. Hansotia joined AGCO as Senior Vice President, Global Crop Cycle and Fuse Connected Services in 2013 and has served in the role of Senior Vice President and Chief Operating Officer since 2019. Prior to joining AGCO, Mr. Hansotia had a successful 20-year tenure with Deere & Company where he held leadership positions including Senior Vice President, Global Harvesting and Vice President of Global Crop Care.
Mr. Hansotia shared, "I want to express my gratitude to both Martin and the Board of Directors for their confidence in my ability to lead AGCO into the future. Together with our talented team, I look forward to helping our global farmers sustainably feed the world through smart, innovative agricultural solutions. I believe farmer-driven innovation is the key to unlocking value for our employees, dealers and shareholders, and I look forward to building on Martin’s legacy as we realize AGCO’s bright future.”
AGCO (NYSE:AGCO) is a global leader in the design, manufacture and distribution of agricultural solutions and delivers high-tech solutions for farmers feeding the world through its full line of equipment and related services. AGCO products are sold through five core brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported by Fuse® smart farming solutions. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO had net sales of $9.0 billion in 2019. For more information, visit https://www.AGCOcorp.com. For company news, information and events, please follow us on Twitter: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.
Please visit our website at www.agcocorp.com
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Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) and Sky Italia have reached a strategic agreement for the renewal of Sky’s capacity contract at Eutelsat’s HOTBIRD position.
The agreement represents the latest step in the long-standing partnership between Sky, the pre-eminent anchor customer on HOTBIRD, and Eutelsat which has supported since 2003 the development of Sky, the market leader in Italy, in broadcasting its premium content to some five million households.
The multi-year contract represents a secured backlog of circa 450 million euros and guarantees broadly stable annual revenues for Eutelsat in the medium term. The contract also includes future extension options representing additional potential revenues.
The HOTBIRD fleet forms one of the largest broadcasting systems over Europe. It will be upgraded with the entry into service of two HOTBIRD new generation satellites, to be launched in 2021, that will replace the current spacecraft at Eutelsat’s premium 13° East broadcasting position. The new satellites will deliver improved performances over the European footprint reinforced by a powerful European super-beam.
Commenting on the agreement, Rodolphe Belmer, CEO of Eutelsat said: "We are delighted that Sky continues to rely on Eutelsat to reach one of its key markets in Europe. This agreement ensures long term service continuity for the millions of households in Italy which depend on satellite to receive television, and highlights the key role of satellite for broadcast distribution in Western Europe, today and in the future, by providing reach beyond the limits of terrestrial networks. It also reflects the unmatched coverage of the 13° East orbital position for Europe, and the general resilience of Eutelsat’s Broadcast revenues.”
Maximo Ibarra, CEO of Sky Italia added: "We are glad to continue working with Eutelsat, one of the world's leading satellite operators, that has supported Sky since its inception. This agreement represents the latest step in a long and successful partnership that has lasted for many years.”
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.
Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL).
For more about Eutelsat go to www.eutelsat.com.
www.eutelsat.com – Follow us on Twitter @Eutelsat_SA
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