RealPage, Inc., a Delaware corporation (RealPage or the Company), previously announced its entry into the Agreement and
Plan of Merger, dated as of December 20, 2020, by and among Mirasol Parent, LLC, a Delaware limited liability company (Parent), Mirasol Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent
(Merger Sub), and the Company, pursuant to which Merger Sub will merge with and into the Company (the Merger), with the Company surviving the Merger as a wholly owned subsidiary of Parent. Parent and Merger Sub
are affiliates of funds advised by Thoma Bravo, L.P. (Thoma Bravo).
In connection with the Merger, the Company filed with the U.S.
Securities and Exchange Commission (the SEC) a definitive proxy statement (the Proxy Statement) on February 5, 2021. Following the filing of the Proxy Statement and prior to the filing of this Current
Report on Form 8-K, four lawsuits relating to the Merger were filed: (i) Asp v. Realpage, Inc., et al., Case No: 1:21-cv-00158-LPS, filed in the United States District Court for the District of Delaware on February 5, 2021, on behalf of an individual stockholder of the Company (the Asp
Action); (ii) Parshall v. Realpage, Inc., et al., Case No. 1:21-cv-00206-LPS, filed in the United States
District Court for the District of Delaware on February 16, 2021 on behalf of an individual stockholder of the Company (the Parshall Action); (iii) Anderson v. RealPage, Inc., et al., Case No: 1:21-cv-00212-LPS, filed in the United States District Court for the District of Delaware on February 16, 2021 on behalf of an
individual stockholder of the Company (the Anderson Action); and (iv) Waterman v. RealPage, Inc. et al., Case No.
1:21-cv-00230-UNA, filed in the United States District Court for the District of Delaware on February 18, 2021 on behalf of
an individual stockholder of the Company (the Waterman Action and together with the Asp Action, the Parshall Action and the Anderson Action, the Actions). In addition, the Company received a demand letter
relating to the Merger on February 8, 2021 from counsel representing an individual stockholder of the Company (the Demand Letter and together with the Actions, the Matters). The Matters each allege that the
defendants named therein violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, as amended (the Exchange Act), because the Proxy Statement allegedly omits or misstates certain material information. The Actions
each seek, among other things, injunctive relief preventing the consummation of the Merger, rescission of the Merger if it is consummated, damages and attorneys fees.
The Company believes that the claims asserted in the Matters are without merit and that no supplemental disclosure is required under applicable law. However,
in order to moot unmeritorious disclosure claims, to avoid the risk of the Matters delaying or adversely affecting the Merger and to minimize the costs, risks and uncertainties inherent in litigation, without admitting any liability or wrongdoing,
the Company has determined to voluntarily supplement the Proxy Statement as described in this Current Report on Form 8-K. Nothing in this Current Report on Form 8-K
shall be deemed an admission of the legal necessity or materiality under applicable laws of any of the disclosures set forth herein. To the contrary, the Company specifically denies all allegations in the Matters, including allegations that any
additional disclosure was or is required, and believes that the supplemental disclosures contained herein are immaterial.