AppFolio Named One Of Highest-Rated Public Cloud Computing Companies To Work For

Selected at Number Nine, List Showcases Public Cloud Companies with the Highest Levels of Employee Satisfaction

Santa Barbara, CA (May 9, 2018) – AppFolio, Inc. (NASDAQ:APPF), a leading provider of cloud-based business software solutions in the real estate and legal markets, was recognized as one of the 25 Highest Rated Public Cloud Computing Companies To Work For in a new list released by Battery Ventures, a global investment firm, and Glassdoor, one of the world's largest job and recruiting sites. The list highlights 25 publicly traded companies—all business-to-business cloud companies—where employees report the highest levels of satisfaction at work, according to employee feedback shared on Glassdoor.

At the time of selection, the distinction placed AppFolio at number nine (out of 25 total) with an overall company rating of 4.3. The broader average across Glassdoor is 3.4. AppFolio's President & CEO, Jason Randall, has a 99% approval rating on Glassdoor—compared to an average of 69% for all 770,000 employers on the Glassdoor site.

"Since we first partnered with Glassdoor to compile this list in 2016, the cloud has only grown in influence and market power," said Neeraj Agrawal, a Battery general partner who specializes in cloud investing. "It was also significantly tougher to make the list this year, with companies requiring a higher Glassdoor rating to make the cut—showing that companies can't rest when it comes to focusing on culture and employee happiness." Battery and Glassdoor also released a similar list of the 50 Highest-Rated Private Cloud Computing Companies to Work For.

“At AppFolio, we understand that a strong company culture starts with our employees," said Jason Randall, AppFolio President & CEO. "We believe in encouraging collaboration, a healthy work-life balance and building teams that fuel our innovation, as well as working together to deliver the best technology and service to our customers every day. It's an honor to be recognized for these efforts through employee feedback on Glassdoor and this will continue to be a core focus for us as we grow into the future."

Glassdoor noted that employees at these highly rated companies commonly mention in online reviews that they enjoy working for mission-driven companies with strong and unique company cultures; employers that promote transparency; and companies with experienced senior leaders who regularly and clearly communicate with employees. For instance, according to one anonymous employee review of AppFolio on Glassdoor:

"AppFolio has opened up so many doors for my professional development and internal growth. Leadership is not only transparent, but they are willing to partner with the teams to accomplish their goals.

Full lists of the Battery/Glassdoor highest-rated 50 private cloud companies and 25 public cloud companies to work for can be found here.

About AppFolio

AppFolio's mission is to revolutionize vertical industry businesses by providing great software and service. Our cloud-based solutions serve over 20,000 customers in the real estate and legal markets. Today our products include property management software (AppFolio Property Manager) and legal practice management software (MyCase). AppFolio was founded in 2006 and is headquartered in Santa Barbara, CA. Learn more at www.appfolioinc.com.

About Battery Ventures

Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London and Israel. Follow the firm on Twitter @BatteryVentures, visit our website at www.battery.com and find a full list of Battery's portfolio companies here.

*By a company name, denotes a Battery investment. For a full list of all Battery investments and exits, please click here. Views contained herein are for informational purposes only and should neither be considered investment advice nor construed or used as an offer and/or recommendation to buy or sell a security.




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