AppFolio Expands Into Legal Market With Acquisition Of MyCase Inc
Leading provider of web-based vertical business management software expands into the legal market with the recent acquisition of fast growing MyCase Inc.
Santa Barbara, CA – October 30, 2012 – Today, AppFolio announces the acquisition of the San Diego-based legal practice management software provider, MyCase Inc.
AppFolio’s suite of vertical SaaS solutions includes AppFolio Property Manager–web-based property management software used by thousands of property managers across the United States; RentApp–free online rental applications (processed over twelve thousand online applications in the first year) with options to collect application fees and screen applicants; and AppFolio SecureDocs – secure virtual data rooms used by well known companies like Savings.com and Angies List. With the recent acquisition of MyCase, AppFolio continues this rapid growth and expands into the multi-billion dollar legal software market.
“AppFolio’s vision is to be the leader in software as a service solutions designed for specific vertical markets,” said Brian Donahoo, CEO. “We’ve had great success with property management (our first target vertical market) and we’re thrilled to continue our growth with MyCase. “MyCase provides web-based legal practice management software that allows lawyers to simplify and streamline their complicated workflow. The MyCase platform is a comprehensive and intuitive system coupled with a private portal that enables secure client communications. Lawyers can access their documents, emails, client contact information, billing data and more through a secure web-based interface or the MyCase mobile app. The MyCase Team will remain intact and will be led by Matt Spiegel.
“Our goal when we started MyCase was to build the best practice management platform for law firms and provide unmatched customer service”, said Matt Spiegel Vice President and General Manager, MyCase. “The entire team at AppFolio is completely aligned with our goals and vision for the company–we’re very excited to work together and accelerate our growth.”
As the market for Software as a Service (SaaS) experiences tremendous growth, AppFolio is at the forefront of this trend. AppFolio is led by an experienced management team with a track record of successful SaaS companies. Expanding the product suite to include the legal vertical positions AppFolio as an emerging leader in two of the most rapidly growing market segments in the United States.
About AppFolio
Headquartered in Santa Barbara, AppFolio was started by a team of technology leaders with proven experience creating software that businesses love to use. AppFolio creates complete, easy-to-use, web-based solutions for multiple markets and the first AppFolio SaaS service (AppFolio Property Manager) was specifically created for residential property managers. AppFolio also provides RentApp the first free, online rental application solution; AppFolio SecureDocs, secure virtual data rooms that speed up financial transactions; and MyCase, web-based legal practice management software. With original investors including Cisco Systems, BV Capital and the Investment Group of Santa Barbara, AppFolio’s rapid growth is being fueled by very happy and loyal customers. For more information, please visit AppFolio.com.