Item 8.01 Other Events

On July 2, 2012, RealPage, Inc. ("RealPage") issued a press release announcing that RealPage and Yardi Systems, Inc. have reached an agreement for a comprehensive settlement of the litigation between them in the U.S. District Court for the Central District of California (Case No. CV11-690 ODW). A copy of the RealPage press release announcing the settlement is filed herewith as Exhibit 99.1 and is incorporated herein by reference.

We expect second quarter earnings before income taxes to be reduced by $8-10 million (this amount will be added back for purposes of adjusted EBITDA) due to the litigation, plus we will make a net payment of $2 million for a perpetual license fee for certain interfaces and patents.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit No. Description
99.1 RealPage, Inc. Press Release dated July 2, 2012.

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