AppFolio (APPF) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Jun. 30, 2015	Jul. 24, 2015
Document Information [Line Items]
Entity Registrant Name	APPFOLIO INC
Entity Central Index Key	1,433,195
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding, Class A		7,154,999
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding, Class A		26,370,856

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets
Cash and cash equivalents	$ 69,924	$ 5,412
Accounts receivable, net	2,524	1,191
Prepaid expenses and other current assets	1,834	1,204
Total current assets	74,282	7,807
Property and equipment, net	3,564	2,623
Capitalized software, net	7,391	5,509
Goodwill	6,737	4,998
Intangible assets, net	5,275	3,615
Other assets	1,047	882
Total assets	98,296	25,434
Current liabilities
Accounts payable	3,057	2,088
Accrued employee expenses	4,287	3,150
Accrued expenses	5,630	1,721
Deferred revenue	4,256	3,772
Long-term debt—current portion, net	231	0
Other current liabilities	598	2,797
Total current liabilities	18,059	13,528
Long term-debt, net	9,318	0
Deferred revenue	0	8
Other liabilities	440	199
Total liabilities	$ 27,817	$ 13,735
Commitments and contingencies
Convertible preferred stock, Series A, B, B-1, B-2 and B-3, $0.0001 par value, 68,027 shares authorized, issued and outstanding as of December 31, 2014. Liquidation preference of $62,020 as of December 31, 2014.	$ 0	$ 63,166
Stockholders’ equity (deficit):
Preferred stock	0	0
Additional paid-in capital	130,507	1,546
Accumulated deficit	(60,032)	(53,014)
Total stockholders’ equity (deficit)	70,479	(51,467)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	98,296	25,434
Class A common stock, $0.0001 par value, 250,000 shares authorized at June 30, 2015; 6,225 shares issued and outstanding as of June 30, 2015
Stockholders’ equity (deficit):
Common stock	1	0
Class B common stock, $0.0001 par value, 50,000 and 123,000 shares authorized as of June 30, 2015 and December 31, 2014, respectively; 26,369 and 9,042 shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively;
Stockholders’ equity (deficit):
Common stock	$ 3	$ 1

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Convertible preferred stock, par value (usd per share)	$ 0.0001	$ 0.0001
Convertible preferred stock, shares authorized	0	68,027,000
Convertible preferred stock, shares issued	0	68,027,000
Convertible preferred stock, shares outstanding	0	68,027,000
Convertible preferred stock, liquidation preference	$ 0	$ 62,020,000
Preferred stock, par value (usd per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	25,000,000	0
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A common stock
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	250,000,000	0
Common stock, shares issued	6,225,000	0
Common stock, shares outstanding	6,225,000	0
Class B common stock
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	50,000,000	123,000,000
Common stock, shares issued	26,369,000	9,042,000
Common stock, shares outstanding	26,369,000	9,042,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Revenue	$ 18,425	$ 11,594	$ 34,273	$ 21,428
Costs and operating expenses:
Cost of revenue (exclusive of depreciation and amortization)	8,109	5,447	15,174	10,133
Sales and marketing	6,239	3,717	11,948	7,207
Research and product development	2,154	1,576	4,163	2,721
General and administrative	3,707	1,485	7,099	2,384
Depreciation and amortization	1,431	886	2,614	1,703
Total costs and operating expenses	21,640	13,111	40,998	24,148
Loss from operations	(3,215)	(1,517)	(6,725)	(2,720)
Other expense, net	(5)	(29)	(7)	(97)
Interest income (expense), net	(243)	11	(275)	37
Loss before provision for income taxes	(3,463)	(1,535)	(7,007)	(2,780)
Provision (benefit) for income taxes	(63)	0	11	0
Net loss	$ (3,400)	$ (1,535)	$ (7,018)	$ (2,780)
Net loss per share, basic and diluted (usd per share)	$ (0.36)	$ (0.18)	$ (0.77)	$ (0.32)
Weighted average common shares outstanding, basic and diluted (shares)	9,328	8,760	9,122	8,682

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Convertible Preferred Stock	Common StockClass A common stock	Common StockClass B common stock	Additional Paid-in Capital	Accumulated Deficit
Beginning balance at Dec. 31, 2014		$ 63,166
Beginning balance (shares) at Dec. 31, 2014	68,027,000	68,027,000
Increase (Decrease) in Temporary Equity [Roll Forward]
Conversion of convertible preferred stock in connection with our public offering		$ (63,166)
Conversion of convertible preferred stock in connection with our public offering (shares)		(68,027,000)
Ending balance at Jun. 30, 2015		$ 0
Ending balance (shares) at Jun. 30, 2015	0	0
Beginning balance at Dec. 31, 2014	$ (51,467)		$ 0	$ 1	$ 1,546	$ (53,014)
Beginning balance (shares) at Dec. 31, 2014			0	9,042,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options	$ 318				318
Exercise of stock options (shares)	295,000			295,000
Stock-based compensation	$ 412				412
Conversion of convertible preferred stock in connection with our public offering	63,166			$ 2	63,164
Conversion of convertible preferred stock in connection with our public offering (shares)				17,007,000
Issuance of common stock in connection with initial public offering, net of offering costs	65,068		$ 1		65,067
Issuance of common stock in connection with initial public offering, net of offering costs (shares)			6,200,000
Issuance of restricted stock (shares)			25,000	25,000
Net loss	(7,018)					(7,018)
Ending balance at Jun. 30, 2015	$ 70,479		$ 1	$ 3	$ 130,507	$ (60,032)
Ending balance (shares) at Jun. 30, 2015			6,225,000	26,369,000

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash from operating activities
Net loss	$ (7,018)	$ (2,780)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	2,614	1,703
Amortization of deferred financing costs	31	0
Loss on disposal of property and equipment	13	60
Noncash interest expense	223	0
Stock-based compensation	345	100
Change in fair value of contingent consideration	0	4
Loss on equity-method investment	0	19
Changes in operating assets and liabilities:
Accounts receivable	(1,222)	(649)
Prepaid expenses and other current assets	(608)	(457)
Other assets	(83)	12
Accounts payable	883	781
Accrued employee expenses	1,064	154
Accrued expenses	560	322
Deferred revenue	475	513
Other liabilities	(84)	294
Net cash (used in) provided by operating activities	(2,807)	76
Cash from investing activities
Purchases of property and equipment	(1,510)	(1,247)
Additions to capitalized software	(3,155)	(2,036)
Cash paid in business acquisition, net of cash acquired	(4,039)	0
Purchases of intangible assets	(11)	(6)
Net cash used in investing activities	(8,715)	(3,289)
Cash from financing activities
Proceeds from stock option exercises	318	144
Proceeds from issuance of restricted stock	141	0
Proceeds from issuance of options	208	0
Principal payments under capital lease obligations	(15)	(14)
Proceeds from initial public offering, net of underwriting discounts	69,192	0
Payments of initial public offering costs	(807)	0
Payment of contingent consideration	(2,429)	0
Proceeds from issuance of debt	10,000	0
Principal payments on debt	(42)	0
Payment of debt issuance costs	(532)	0
Net cash provided by financing activities	76,034	130
Net cash increase (decrease) in cash and cash equivalents	64,512	(3,083)
Cash and cash equivalents
Beginning of period	5,412	11,269
End of period	69,924	8,186
Noncash investing and financing activities
Purchases of property and equipment included in accounts payable and accrued expenses	120	24
Additions of capitalized software included in accrued employee expenses	240	112
Stock-based compensation capitalized for software development	67	23
Debt issuance and other financing costs accrued, not paid	13	0
Initial public offering costs included in accrued expenses	3,317	0
Conversion of convertible preferred stock for common stock in connection with initial public offering	63,166	0
Interest expense paid through drawdown from revolving facility	$ 223	$ 0

Nature of Business

Nature of Business	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	Nature of Business AppFolio, Inc. (“we” or “AppFolio”) provides industry-specific, cloud-based software solutions for small and medium-sized businesses (“SMBs”) in the property management and legal industries. Our platform is designed to be the system of record to automate essential business processes and the system of engagement to enhance business interactions between our customers and their clients and vendors. Our mobile-optimized software solutions have a user-friendly interface across multiple devices, enabling our customers to work at any time and from anywhere. Our property management software provides small and medium-sized property managers with an end-to-end solution to their business needs, enabling them to manage properties quickly and easily in a single, integrated environment. Our legal software provides solo practitioners and small law firms with a streamlined practice and case management solution, allowing them to manage their practices and case load within a flexible system. We also offer optional, but often mission-critical, Value+ services, such as our professionally designed websites and electronic payment services, which are seamlessly built into our core solutions. Acquisition of RentLinx On April 1, 2015, we completed the acquisition of all of the membership interests of RentLinx, LLC (“RentLinx”), a San Diego, California-based company focused on a software platform that allows customers to advertise rental houses and apartments online. We acquired RentLinx to expand the Value+ services offered to our property manager customers, giving them the ability to better spend, track and optimize their marketing investments. For additional information regarding this acquisition, refer to Note 3, Acquisition of RentLinx. Reverse Stock Split On June 4, 2015, we effected a one-for-four reverse split of our common stock and a proportional adjustment to the conversion ratio of our convertible preferred stock. The par value and the number of authorized shares of our common stock and convertible preferred stock were not adjusted as a result of the reverse split. All share, per share and related information presented in these condensed consolidated financial statements and accompanying notes has been retroactively adjusted, where applicable, to reflect the impact of the reverse stock split, including an adjustment to the preferred stock conversion ratio. Initial Public Offering On June 30, 2015, we completed an initial public offering (“IPO”) of our Class A common stock. In connection with the offering, we sold 6,200,000 shares of common stock at $12.00 per share for aggregate net proceeds of $65.1 million after underwriting discounts and commissions and offering expenses. These proceeds exclude the exercise in full by our underwriters of their option to purchase up to 930,000 additional shares of common stock at the same price which occurred on July 8, 2015. Upon the closing of the offering, all shares of our convertible preferred stock and common stock held prior to the offering were converted into shares of Class B common stock. For additional information regarding the IPO and preferred share conversion, refer to Note 9, Convertible Preferred Stock and Stockholders' Equity (Deficit).

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation and Significant Accounting Policies The accompanying condensed consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Certain information and disclosures normally included in consolidated financial statements prepared in accordance with GAAP have been condensed or omitted. Accordingly, these condensed consolidated financial statements should be read in conjunction with our consolidated financial statements and the related notes included in our prospectus filed with the SEC on June 26, 2015 pursuant to Rule 424(b) of the Securities Act of 1933. The accompanying condensed consolidated financial statements are unaudited. Our unaudited interim condensed consolidated financial statements have been prepared on a basis consistent with that used to prepare our audited annual consolidated financial statements and include, in the opinion of management, all adjustments, consisting of normal and recurring items, necessary for the fair statement of the condensed consolidated financial statements. The operating results for the three and six months ended June 30, 2015 are not necessarily indicative of the results expected for the full year ending December 31, 2015 . There have been no significant changes in our accounting policies from those disclosed in our annual consolidated financial statements and the related notes included in the prospectus referred to above. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, management evaluates its estimates based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Fair Value Measurements The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): June 30, 2015 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Level 1 Level 2 Level 3 Total Fair Cash equivalents $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Total Assets $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429 As of June 30, 2015 and December 31, 2014 , cash equivalents consisted of cash invested in money market funds. Contingent consideration issued in connection with acquisitions is measured at fair value each period and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions we believe would be made by a market participant. We assess these estimates on an on-going basis as additional data impacting the assumptions becomes available. Changes in the fair value of contingent consideration related to updated assumptions and estimates are recognized within general and administrative expense in the consolidated condensed statements of operations. We determined the fair value of the contingent consideration using the probability weighted discounted cash flow method. The significant inputs used in the fair value measurement of contingent consideration are the probability of achieving revenue thresholds and determining discount rates. The following table summarizes the changes in contingent consideration liability (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Fair value, at beginning of period $ 2,429 $ 2,234 $ 2,429 $ 2,403 Change in fair value recorded in general and administrative expenses — 173 — 4 Payment of contingent consideration $ (2,429 ) $ — $ (2,429 ) — Fair value, at end of period $ — $ 2,407 $ — $ 2,407 The contingent consideration liability was recorded in other current liabilities on the accompanying condensed consolidated balance sheets as of December 31, 2014 . On May 6, 2015, we paid the final earn-out payment in the amount of $2.4 million . There were no changes to our valuation techniques used to measure asset and liability fair values on a recurring basis during the six months ended June 30, 2015 . The carrying amounts of cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate fair value because of the short maturity of these items. The carrying value of our SecureDocs’ note receivable approximates its fair value based on a discounted cash flow analysis. The fair value of our long-term debt approximates its fair value as of June 30, 2015 based on rates available to us for debt with similar terms and maturities, and is a Level 2 measurement. Certain assets, including goodwill and intangible assets, are also subject to measurement at fair value on a non-recurring basis if they are deemed to be impaired as a result of an impairment review. For the three and six months ended June 30, 2015 , no impairments were identified on those assets required to be measured at fair value on a non-recurring basis. Net Loss per Share The following table presents a reconciliation of our weighted average number of shares used to compute net loss per share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted average shares outstanding 9,474 9,013 9,278 8,964 Less: Weighted average unvested restricted shares subject to repurchase 146 253 156 282 Weighted average number of shares used to compute basic and diluted net loss per share 9,328 8,760 9,122 8,682 Because we reported net losses for all periods presented, all potentially dilutive common stock equivalents are antidilutive for those periods. The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of June 30, 2015 and 2014 (in thousands): June 30, 2015 2014 Options to purchase common stock 1,141 676 Conversion of convertible preferred stock — 17,007 Unvested restricted stock awards 158 242 Total shares excluded from net loss per share attributable to common stockholders 1,299 17,925 Comprehensive Loss ASC 220, Comprehensive Income , establishes standards for the reporting and display of comprehensive loss and its components in the financial statements. For the three and six months ended June 30, 2015 and 2014 , we had no other comprehensive income (loss) items; therefore, comprehensive loss equals net loss. Accordingly, we have not included a separate statement of comprehensive loss. Recent Accounting Pronouncements Under the Jumpstart our Business Startups Act (the “JOBS Act”), we meet the definition of an emerging growth company. We have irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective on January 1, 2018. Early adoption is permitted as of January 1, 2017. The standard permits the use of either a retrospective or cumulative effect transition method. We have not determined which transition method we will adopt, nor have we determined the effect of this guidance on our financial condition, results of operations, cash flows or disclosures. In April 2015, the FASB issued ASU No. 2015-03, Interest— Imputation of Interest—Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”), which requires an entity to record debt issuance costs in the balance sheet as a direct deduction of a recognized debt liability. ASU 2015-03 is effective for accounting periods beginning after December 15, 2015; however, early adoption is permitted. During the three and six months ended June 30, 2015 , we elected to adopt this guidance. The impact of the early adoption of this guidance was to record $0.1 million of third-party debt financing costs as a reduction in the outstanding amount of our term loan from Wells Fargo Bank, N.A.in March 2015. The adoption of this guidance did not impact prior period financial statements as we had no debt outstanding. For additional information regarding the term loan, refer to Note 7, Long-term Debt. In May 2015, the FASB issued ASU 2015-09, Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts ("ASU 2015-09") , requires insurance entities to disclose for annual reporting periods information about the liability for unpaid claims and claim adjustment expenses. ASU 2015-09 is effective for public business entities for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. There is no financial impact to adopt this guidance on our financial condition, results of operations or cash flows as the update is disclosure related.

Acquisition of Rentlinx

Acquisition of Rentlinx	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition of RentLinx	Acquisition of RentLinx On April 1, 2015, we completed the acquisition of all of the membership interests of RentLinx. We paid the sellers $4.1 million , of which $0.5 million was placed into escrow to cover potential indemnification claims relating to breaches of representations, warranties and covenants. We also agreed to pay an additional amount of approximately $1.0 million to certain individuals subject to their continued employment with us, which we will record as an expense over the service period. All transaction costs were expensed in the period incurred and were approximately $0.3 million . We acquired RentLinx to expand the Value+ services offered to our property manager customers, giving them the ability to better spend, track and optimize their marketing investments. The goodwill related to our RentLinx acquisition is attributable to synergies expected from the acquisition and assembled workforce. The goodwill is deductible for income tax purposes. The following table summarizes the purchase price allocation (in thousands): Amount Estimated Useful Life Net current assets $ 114 Intangible assets: Developed technology 810 6 years Partner relationships 680 3 years Customer and website relationships 560 5 years Other intangible assets 170 3 years Goodwill 1,739 Indefinite Purchase consideration, paid in cash $ 4,073 We are not providing pro forma and present period financial statements for this acquisition as we do not consider this acquisition material to our condensed consolidated financial statements.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment consists of the following as of June 30, 2015 and December 31, 2014 (in thousands): June 30, December 31, Data center and computer equipment $ 3,568 $ 2,871 Furniture and fixtures 1,470 1,158 Office equipment 376 215 Leasehold improvements 376 333 Construction in process 258 — Gross property and equipment 6,048 4,577 Less: Accumulated depreciation (2,484 ) (1,954 ) Total property and equipment, net $ 3,564 $ 2,623 Depreciation expense on property and equipment totaled $0.3 million and $0.2 million for the three months ended June 30, 2015 and 2014 , respectively and $0.6 million and $0.4 million for the six months ended June 30, 2015 and 2014 , respectively. As of June 30, 2015 and December 31, 2014 , capital leases are included in property and equipment with a cost basis of $82,000 . Accumulated depreciation on property and equipment under capital leases as of June 30, 2015 and December 31, 2014 was $34,000 and $21,000 , respectively.

Internal-Use Software Developme

Internal-Use Software Development Costs	6 Months Ended
	Jun. 30, 2015
Research and Development [Abstract]
Internal-Use Software Development Costs	Internal-Use Software Development Costs Internal-use software development costs were as follows (in thousands): June 30, December 31, Internal use software development costs, gross $ 17,225 $ 13,931 Less: Accumulated amortization (9,834 ) (8,422 ) Internal use software development costs, net $ 7,391 $ 5,509 Capitalized software development costs were $1.9 million and $1.1 million for the three months ended June 30, 2015 and 2014 , respectively, and $3.3 million and $2.1 million for the six months ended June 30, 2015 and 2014 , respectively. Amortization expense with respect to software development costs totaled $0.8 million and $0.5 million for the three months ended June 30, 2015 and 2014 , respectively and $1.4 million and $0.9 million for the six months ended June 30, 2015 and 2014 , respectively.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Goodwill and Intangible Assets Goodwill activity for the six months ended June 30, 2015 is as follows (in thousands): Goodwill as of December 31, 2014 $ 4,998 Addition: Acquisition of RentLinx 1,739 Goodwill as of June 30, 2015 $ 6,737 Intangible assets consisted of the following as of June 30, 2015 and December 31, 2014 (in thousands, except years): June 30, 2015 Gross Carrying Accumulated Net Carrying Weighted Customer relationships $ 790 $ (155 ) $ 635 5.0 Technology 4,810 (1,867 ) 2,943 6.0 Trademarks 930 (231 ) 699 9.0 Partner relationships 680 (57 ) 623 3.0 Non-compete agreements 40 (3 ) 37 3.0 Domain names 287 (184 ) 103 5.0 Patents 335 (100 ) 235 5.0 $ 7,872 $ (2,597 ) $ 5,275 5.9 December 31, 2014 Gross Carrying Value Accumulated Amortization Net Carrying Value Weighted Average Useful Life in Years Customer relationships $ 230 $ (104 ) $ 126 5.0 Technology 4,000 (1,500 ) 2,500 6.0 Trademarks 800 (180 ) 620 10.0 Domain names 287 (161 ) 126 5.0 Patents 324 (81 ) 243 5.0 $ 5,641 $ (2,026 ) $ 3,615 6.4 Amortization expense for the three months ended June 30, 2015 and 2014 was $0.4 million and $0.2 million , respectively and $0.6 million and $0.4 million for the six months ended June 30, 2015 and 2014 , respectively. A summary of the activity within our intangible assets since December 31, 2014 are as follows (in thousands): Intangible assets, net at December 31, 2014 $ 3,615 Additions from the acquisition of RentLinx (Note 3): 2,220 Other additions 11 Amortization (571 ) Intangible assets, net at June 30, 2015 $ 5,275 .

Long-term Debt

Long-term Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt The following is a summary of our long-term debt as of June 30, 2015 (in thousands): Principal amounts due under term loan $ 9,959 Less: Debt financing costs (410 ) Long-term debt, net of unamortized debt financing costs 9,549 Less: Current portion of long-term debt (231 ) Total long-term debt, net of current portion $ 9,318 Credit Facility On March 16, 2015, we entered into a credit facility (the “Credit Facility”) comprised of a $10.0 million term loan (the “Term Loan”), and a $2.5 million revolving line of credit (the “Revolving Facility”) with Wells Fargo Bank, N.A ("Wells Fargo"). The Revolving Facility also provides for the issuance of letters of credit up to a sublimit of $0.3 million , subject to customary terms and fees. Borrowings under the Credit Facility bear interest at a fluctuating rate per annum equal to, at our option, (i) a base rate equal to the highest of (a) the federal funds rate plus 1/2 of 1%, (b) the London Interbank Offered Rate (“LIBOR”) for a one-month interest period plus 1% and (c) the rate of interest in effect for such day as publicly announced from time to time by Wells Fargo as its prime rate, in each case plus an applicable margin of 5% , or (ii) LIBOR for the applicable interest period plus an applicable margin of 6% . The applicable margin is subject to step-downs upon achievement of certain senior leverage ratios. Interest is due and payable monthly. We are also required to pay an annual fee of ½ of 1% of the unused portion of the Revolving Facility. We are required to prepay amounts borrowed annually with 50% of any excess cash flow (as defined in the Credit Facility) we generate or from time to time upon specific events, including the non-ordinary course disposition of assets, the receipt of extraordinary receipts (as defined in the Credit Facility), the incurrence of indebtedness not otherwise permitted to be incurred, or the receipt of common or preferred stock contributions solely if the issuance of such stock is to cure financial covenant breaches, if any. The Credit Facility contains customary negative covenants, including restrictions on our and our subsidiaries’ ability to merge and consolidate with other companies, incur indebtedness, grant liens or security interests on assets, make acquisitions, loans, advances or investments, pay dividends, sell or otherwise transfer assets, or enter into transactions with affiliates. Borrowings under the Credit Facility are collateralized by substantially all of our assets. The Credit Facility requires us to comply with a consolidated minimum EBITDA covenant and a minimum liquidity covenant. Commencing on the later of April 1, 2016 or the first day of the month following the date we have achieved trailing 12-month EBITDA of at least $3.0 million , we will be required, in lieu of the foregoing financial covenants, to comply with a fixed charge coverage ratio and a consolidated senior leverage ratio. We were in compliance with the financial covenants as of June 30, 2015. As of June 30, 2015, $10.0 million was outstanding under the Term Loan and $0.2 million was outstanding under the Revolving Facility. In the event we (i) make an optional prepayment of amounts borrowed under the Term Loan, (ii) make a mandatory prepayment of amounts borrowed under the Term Loan necessitated by non-ordinary course asset dispositions or by impermissible debt issuances, or (iii) permanently reduce or terminate the Revolving Facility, in each case prior to March 2016, we are required to pay Wells Fargo a prepayment premium of 3% (or 2% if prepayment is made after a qualifying initial public offering) of the amounts prepaid (in the case of the Term Loan) or permanently reduced or terminated (in the case of the Revolving Facility). The prepayment premium is 2% on Term Loan amounts prepaid under the circumstances noted above or on amounts of the Revolving Facility permanently reduced or terminated, in each case between March 2016 and March 2017 and 1% for such prepayments, reductions or terminations between March 2017 and March 2018. Thereafter, no prepayment premium is applicable. On July 16, 2015, we made an optional prepayment in full of the Term Loan and we became obligated to pay the related $0.2 million prepayment premium. Wells Fargo agreed with us that the prepayment premium is not payable until the earlier of September 1, 2015 and the date we terminate the Revolving Facility in full (the earliest of those dates being referred to as the “Due Date”). Wells Fargo also agreed with us that if we agree to a renegotiated revolving credit facility with them, and we pay them a closing fee of at least $0.1 million in connection with the new revolving credit facility before the Due Date, they will waive the $0.2 million prepayment premium payable to them for the Term Loan prepayment. Debt Financing Costs Debt financing costs are deferred and amortized, using the effective interest method for costs related to the Term Loan and the straight-line method for costs related to the Revolving Loan. We incurred fees to Wells Fargo attributable to the Term Loan of $0.3 million and other third-party debt financing costs of $0.1 million , which have been recorded as a reduction of the carrying amount of the Term Loan. Amortization of such costs is included in interest expense. When the Term Loan is repaid prior to the maturity date, the unamortized debt financing costs will be expensed.

Commitment and Contingencies

Commitment and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Lease Obligations As of June 30, 2015 , we had operating lease obligations of approximately $4.2 million through 2020. We recorded rent expense of $0.3 million for the three months ended June 30, 2015 and 2014, respectively and $0.6 million and $0.5 million for the six months ended June 30, 2015 and 2014 , respectively. Insurance We have a wholly owned subsidiary, Terra Mar Insurance Company, Inc. (“Terra Mar”), which was established to provide our customers with the option to purchase tenant liability insurance. If our customers choose to use our insurance services, they are issued an insurance policy underwritten by our third-party service provider. The policy has a limit of $100,000 per incident for each insured residence. We have entered into a reinsurance agreement with our third-party service provider and, as a result, we assume a 100% quota share of the tenant liability insurance provided to our customers through our third-party service provider. We accrue in cost of revenue losses reported claims and an estimate of losses incurred but not reported by our property manager customers, as we bear the risk related to claims. Our liability for reported claims and incurred but not reported claims as of June 30, 2015 and December 31, 2014 was $0.2 million and $0.3 million , respectively, and is included in other current liabilities on the condensed consolidated balance sheets. Included in other current assets as of June 30, 2015 and December 31, 2014 are $0.8 million and $0.6 million , respectively, of deposits held with a third party related to requirements to maintain collateral for our insurance services. Litigation From time to time, we may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. We are not currently a party to any legal proceedings, nor are we aware of any pending or threatened litigation, that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorably. In December 2014, we provided notice to a third-party service provider to terminate our agreement so we could transition services to a new third-party partner. In February 2015, the third-party service provider filed an injunction preventing us from transferring the service to the new third-party partner. No monetary claims were made and, at the time of issuance of our December 31, 2014 consolidated financial statements, we determined the incurrence of a material loss was not probable or reasonably possible and that an estimate of an amount of loss or a range of possible losses could not reliably be made. In May 2015, primarily to expedite the transition of services to the new third-party partner, we agreed to pay the third-party service provider $0.6 million , which we recorded in general and administrative expenses for the six months ended June 30, 2015 . On May 6, 2015, we paid the final earn-out payment relating to the acquisition of MyCase, Inc. of $2.4 million . On May 26, 2015, we received a letter from counsel for a former shareholder of MyCase alleging that we failed to make commercially reasonable efforts to cause the maximum earn-out of $6.6 million to be earned. This amount represents the maximum earn-out that could potentially have been earned by all former MyCase shareholders. The former shareholder also stated that he intends to pursue punitive damages. We believe the allegations are without merit and we plan to vigorously defend against them. Based on information currently available, we have determined that the amount of any possible loss or range of possible loss is not reasonably estimable and we have therefore not established a reserve or a range of possible loss. Indemnification In the ordinary course of business, we may provide indemnification of varying scope and terms to customers, investors, directors and officers with respect to certain matters, including, but not limited to, losses arising out of our breach of such agreements, services to be provided by us, or from intellectual property infringement claims made by third parties. These indemnification provisions may survive termination of the underlying agreement and the maximum potential amount of future payments we could be required to make under these indemnification provisions may not be subject to maximum loss clauses. The maximum potential amount of future payments we could be required to make under these indemnification provisions is indeterminable. We have never paid a material claim, nor have we been sued in connection with these indemnification arrangements. As of June 30, 2015 and December 31, 2014 , we had not accrued a liability for these indemnification arrangements because the likelihood of incurring a payment obligation, if any, in connection with these indemnification arrangements is not probable or reasonably possible and the amount or range of amounts of any such liability is not reasonably estimable.

Convertible Preferred Stock and

Convertible Preferred Stock and Stockholders' Equity (Deficit)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Convertible Preferred Stock and Stockholders' Equity (Deficit)	Convertible Preferred Stock and Stockholders’ Equity (Deficit) On June 30, 2015, we completed an IPO of our Class A common stock. Upon the closing of the IPO, all shares of our convertible preferred stock and common stock held prior to the IPO were converted into Class B common stock. Upon the effectiveness of the Amended and Restated Certificate of Incorporation of the Company on June 25, 2015, the number of shares of capital stock that is authorized to be issued was increased to 325,000,000 shares, of which 250,000,000 shares are Class A common stock, 50,000,000 shares are Class B common stock and 25,000,000 are undesignated preferred stock. The Class A common stock, Class B common stock and preferred stock have a par value of $0.0001 per share.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	Stock-Based Compensation Stock Options A summary of our stock option activity for the six months ended June 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life in Years Options outstanding as of December 31, 2014 1,217 $ 3.12 8.2 Options granted 277 7.51 Options exercised (295 ) 1.79 Options cancelled/forfeited (58 ) 4.61 Options outstanding as of June 30, 2015 1,141 $ 4.45 8.7 The fair value of stock options granted is estimated on the date of grant using the Black-Scholes option-pricing model. Our stock-based compensation expense for stock options for the three months ended June 30, 2015 and 2014 was $167,000 and $30,000 , respectively, and for the six months ended June 30, 2015 and 2014 was $269,000 and $55,000 , respectively. The following table summarizes information relating to our stock options granted during the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Stock options granted (in thousands) 82 42 277 119 Weighted average exercise price per share $ 12.00 $ 3.28 $ 7.51 $ 3.28 Weighted average Black-Scholes model assumptions: Risk-free interest rate 1.91 % 1.97 % 1.53 % 1.89 % Expected term (in years) 6.0 6.0 6.2 6.0 Expected volatility 45 % 49 % 47 % 49 % Expected dividend yield — — — — As of June 30, 2015 , the total remaining stock-based compensation expense for unvested stock options was $2.5 million , which is expected to be recognized over a weighted average period of 3.7 years . Restricted Stock Activity in connection with our restricted stock was as follows for the six months ended June 30, 2015 (number of shares in thousands): Number of Shares Weighted- Average Grant Date Fair Value per Share Unvested as of December 31, 2014 173 $ 1.64 Granted 50 8.78 Vested (65 ) 1.50 Forfeited — — Unvested as of June 30, 2015 158 $ 3.96 The restricted stock awards vest over a four -year period for employees and over a one -year period for non-employee directors. For the three months ended June 30, 2015 and 2014 , we recognized stock-based compensation expense for restricted stock awards of $80,000 and $34,000 , respectively and for the six months ended June 30, 2015 and 2014 of $143,000 and $67,000 , respectively. As of June 30, 2015 , total remaining stock-based compensation expense for unvested restricted stock was $0.6 million , which is expected to be recognized over a weighted average period of 1.7 years .

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our effective tax rate differs from the U.S. Federal statutory rate of 34% primarily because our losses have been offset by a valuation allowance due to uncertainty as to the realization of those losses. For the six months ended June 30, 2015 , we recorded income tax expense of $11 ,000 associated with the amortization of the tax deductible goodwill that is not an available source of income to realize the deferred tax asset.

Revenue and Other Information

Revenue and Other Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Revenue and Other Information	Revenue and Other Information Our chief operating decision maker reviews separate revenue information for our core solutions, Value+ and other service offerings as a measure of growth in the number of our customers and growth in the adoption and utilization of our core solutions and Value+ services by new and existing customers. The following table presents our revenue categories for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Core solutions $ 7,697 $ 5,332 $ 14,831 $ 10,149 Value+ services 9,408 5,626 17,112 9,995 Other 1,320 636 2,330 1,284 Total revenues $ 18,425 $ 11,594 $ 34,273 $ 21,428 Value+ services presented in the table above include subscriptions to website hosting services and contact center services. Other services included above are for one-time services related to on-boarding our core solutions as well as website design services. Our revenue is generated primarily from U.S. customers. All of our property and equipment is located in the United States.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On July 8, 2015, in connection with our IPO, the underwriters exercised their over-allotment option in full to purchase an additional 930,000 shares of Class A common stock from the Company at a price of $12.00 per share. As a result of the exercise and closing of the over-allotment option, the aggregate gross proceeds to the Company was $11.2 million . The total net proceeds from the IPO was approximately $75.4 million . On July, 16, 2015, we fully repaid the Term Loan and Revolving Facility and closed the Term Loan portion of the Credit Facility with Wells Fargo. For additional information regarding the Credit Facility, refer to Note 7, Long-term Debt.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, management evaluates its estimates based on historical data and experience, as well as various other factors that management believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources.
Fair Value Measurements	Contingent consideration issued in connection with acquisitions is measured at fair value each period and is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. The valuation of contingent consideration uses assumptions we believe would be made by a market participant. We assess these estimates on an on-going basis as additional data impacting the assumptions becomes available. Changes in the fair value of contingent consideration related to updated assumptions and estimates are recognized within general and administrative expense in the consolidated condensed statements of operations. We determined the fair value of the contingent consideration using the probability weighted discounted cash flow method. The significant inputs used in the fair value measurement of contingent consideration are the probability of achieving revenue thresholds and determining discount rates. The following table summarizes the changes in contingent consideration liability (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Fair value, at beginning of period $ 2,429 $ 2,234 $ 2,429 $ 2,403 Change in fair value recorded in general and administrative expenses — 173 — 4 Payment of contingent consideration $ (2,429 ) $ — $ (2,429 ) — Fair value, at end of period $ — $ 2,407 $ — $ 2,407 The contingent consideration liability was recorded in other current liabilities on the accompanying condensed consolidated balance sheets as of December 31, 2014 . On May 6, 2015, we paid the final earn-out payment in the amount of $2.4 million . There were no changes to our valuation techniques used to measure asset and liability fair values on a recurring basis during the six months ended June 30, 2015 . The carrying amounts of cash equivalents, restricted cash, accounts receivable, accounts payable and accrued liabilities approximate fair value because of the short maturity of these items. The carrying value of our SecureDocs’ note receivable approximates its fair value based on a discounted cash flow analysis. The fair value of our long-term debt approximates its fair value as of June 30, 2015 based on rates available to us for debt with similar terms and maturities, and is a Level 2 measurement. Certain assets, including goodwill and intangible assets, are also subject to measurement at fair value on a non-recurring basis if they are deemed to be impaired as a result of an impairment review. For the three and six months ended June 30, 2015 , no impairments were identified on those assets required to be measured at fair value on a non-recurring basis.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Under the Jumpstart our Business Startups Act (the “JOBS Act”), we meet the definition of an emerging growth company. We have irrevocably elected to opt out of the extended transition period for complying with new or revised accounting standards pursuant to Section 107(b) of the JOBS Act. In May 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective on January 1, 2018. Early adoption is permitted as of January 1, 2017. The standard permits the use of either a retrospective or cumulative effect transition method. We have not determined which transition method we will adopt, nor have we determined the effect of this guidance on our financial condition, results of operations, cash flows or disclosures. In April 2015, the FASB issued ASU No. 2015-03, Interest— Imputation of Interest—Simplifying the Presentation of Debt Issuance Costs (“ASU 2015-03”), which requires an entity to record debt issuance costs in the balance sheet as a direct deduction of a recognized debt liability. ASU 2015-03 is effective for accounting periods beginning after December 15, 2015; however, early adoption is permitted. During the three and six months ended June 30, 2015 , we elected to adopt this guidance. The impact of the early adoption of this guidance was to record $0.1 million of third-party debt financing costs as a reduction in the outstanding amount of our term loan from Wells Fargo Bank, N.A.in March 2015. The adoption of this guidance did not impact prior period financial statements as we had no debt outstanding. For additional information regarding the term loan, refer to Note 7, Long-term Debt. In May 2015, the FASB issued ASU 2015-09, Financial Services-Insurance (Topic 944): Disclosures about Short-Duration Contracts ("ASU 2015-09") , requires insurance entities to disclose for annual reporting periods information about the liability for unpaid claims and claim adjustment expenses. ASU 2015-09 is effective for public business entities for annual periods beginning after December 15, 2015, and interim periods within annual periods beginning after December 15, 2016. Early adoption is permitted. There is no financial impact to adopt this guidance on our financial condition, results of operations or cash flows as the update is disclosure related.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Fair Value, Assets Measured on Recurring Basis	The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): June 30, 2015 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Level 1 Level 2 Level 3 Total Fair Cash equivalents $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Total Assets $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429
Fair Value, Liabilities Measured on Recurring Basis	The following table summarizes our financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2015 and December 31, 2014 by level within the fair value hierarchy. Financial assets and financial liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement (in thousands): June 30, 2015 December 31, 2014 Level 1 Level 2 Level 3 Total Fair Level 1 Level 2 Level 3 Total Fair Cash equivalents $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Total Assets $ 69,199 $ — $ — $ 69,199 $ 3,696 $ — $ — $ 3,696 Contingent consideration $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429 Total Liabilities $ — $ — $ — $ — $ — $ — $ 2,429 $ 2,429
Schedule of Changes in Contingent Consideration Liability	The following table summarizes the changes in contingent consideration liability (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Fair value, at beginning of period $ 2,429 $ 2,234 $ 2,429 $ 2,403 Change in fair value recorded in general and administrative expenses — 173 — 4 Payment of contingent consideration $ (2,429 ) $ — $ (2,429 ) — Fair value, at end of period $ — $ 2,407 $ — $ 2,407
Schedule of Weighted Average Number of Shares	The following table presents a reconciliation of our weighted average number of shares used to compute net loss per share (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weighted average shares outstanding 9,474 9,013 9,278 8,964 Less: Weighted average unvested restricted shares subject to repurchase 146 253 156 282 Weighted average number of shares used to compute basic and diluted net loss per share 9,328 8,760 9,122 8,682
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following table presents the number of anti-dilutive shares excluded from the calculation of diluted net loss per share as of June 30, 2015 and 2014 (in thousands): June 30, 2015 2014 Options to purchase common stock 1,141 676 Conversion of convertible preferred stock — 17,007 Unvested restricted stock awards 158 242 Total shares excluded from net loss per share attributable to common stockholders 1,299 17,925

Acquisition of Rentlinx (Tables

Acquisition of Rentlinx (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Schedule of Purchase Price Allocation	The following table summarizes the purchase price allocation (in thousands): Amount Estimated Useful Life Net current assets $ 114 Intangible assets: Developed technology 810 6 years Partner relationships 680 3 years Customer and website relationships 560 5 years Other intangible assets 170 3 years Goodwill 1,739 Indefinite Purchase consideration, paid in cash $ 4,073

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consists of the following as of June 30, 2015 and December 31, 2014 (in thousands): June 30, December 31, Data center and computer equipment $ 3,568 $ 2,871 Furniture and fixtures 1,470 1,158 Office equipment 376 215 Leasehold improvements 376 333 Construction in process 258 — Gross property and equipment 6,048 4,577 Less: Accumulated depreciation (2,484 ) (1,954 ) Total property and equipment, net $ 3,564 $ 2,623

Internal-Use Software Develop24

Internal-Use Software Development Costs (Tables)	6 Months Ended
	Jun. 30, 2015
Research and Development [Abstract]
Schedule of Capitalized Computer Software	Internal-use software development costs were as follows (in thousands): June 30, December 31, Internal use software development costs, gross $ 17,225 $ 13,931 Less: Accumulated amortization (9,834 ) (8,422 ) Internal use software development costs, net $ 7,391 $ 5,509

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill Activity	Goodwill activity for the six months ended June 30, 2015 is as follows (in thousands): Goodwill as of December 31, 2014 $ 4,998 Addition: Acquisition of RentLinx 1,739 Goodwill as of June 30, 2015 $ 6,737
Schedule of Finite-Lived Intangible Assets	A summary of the activity within our intangible assets since December 31, 2014 are as follows (in thousands): Intangible assets, net at December 31, 2014 $ 3,615 Additions from the acquisition of RentLinx (Note 3): 2,220 Other additions 11 Amortization (571 ) Intangible assets, net at June 30, 2015 $ 5,275 Intangible assets consisted of the following as of June 30, 2015 and December 31, 2014 (in thousands, except years): June 30, 2015 Gross Carrying Accumulated Net Carrying Weighted Customer relationships $ 790 $ (155 ) $ 635 5.0 Technology 4,810 (1,867 ) 2,943 6.0 Trademarks 930 (231 ) 699 9.0 Partner relationships 680 (57 ) 623 3.0 Non-compete agreements 40 (3 ) 37 3.0 Domain names 287 (184 ) 103 5.0 Patents 335 (100 ) 235 5.0 $ 7,872 $ (2,597 ) $ 5,275 5.9 December 31, 2014 Gross Carrying Value Accumulated Amortization Net Carrying Value Weighted Average Useful Life in Years Customer relationships $ 230 $ (104 ) $ 126 5.0 Technology 4,000 (1,500 ) 2,500 6.0 Trademarks 800 (180 ) 620 10.0 Domain names 287 (161 ) 126 5.0 Patents 324 (81 ) 243 5.0 $ 5,641 $ (2,026 ) $ 3,615 6.4

Long-term Debt (Tables)

Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	The following is a summary of our long-term debt as of June 30, 2015 (in thousands): Principal amounts due under term loan $ 9,959 Less: Debt financing costs (410 ) Long-term debt, net of unamortized debt financing costs 9,549 Less: Current portion of long-term debt (231 ) Total long-term debt, net of current portion $ 9,318

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	A summary of our stock option activity for the six months ended June 30, 2015 is as follows (number of shares in thousands): Number of Shares Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life in Years Options outstanding as of December 31, 2014 1,217 $ 3.12 8.2 Options granted 277 7.51 Options exercised (295 ) 1.79 Options cancelled/forfeited (58 ) 4.61 Options outstanding as of June 30, 2015 1,141 $ 4.45 8.7
Schedule of Valuation Assumptions, Stock Options	The following table summarizes information relating to our stock options granted during the three and six months ended June 30, 2015 and 2014 : Three Months Ended Six Months Ended 2015 2014 2015 2014 Stock options granted (in thousands) 82 42 277 119 Weighted average exercise price per share $ 12.00 $ 3.28 $ 7.51 $ 3.28 Weighted average Black-Scholes model assumptions: Risk-free interest rate 1.91 % 1.97 % 1.53 % 1.89 % Expected term (in years) 6.0 6.0 6.2 6.0 Expected volatility 45 % 49 % 47 % 49 % Expected dividend yield — — — —
Schedule of Restricted Stock Activity	Activity in connection with our restricted stock was as follows for the six months ended June 30, 2015 (number of shares in thousands): Number of Shares Weighted- Average Grant Date Fair Value per Share Unvested as of December 31, 2014 173 $ 1.64 Granted 50 8.78 Vested (65 ) 1.50 Forfeited — — Unvested as of June 30, 2015 158 $ 3.96

Revenue and Other Information (

Revenue and Other Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Product Information by Revenue Categories	The following table presents our revenue categories for the three and six months ended June 30, 2015 and 2014 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Core solutions $ 7,697 $ 5,332 $ 14,831 $ 10,149 Value+ services 9,408 5,626 17,112 9,995 Other 1,320 636 2,330 1,284 Total revenues $ 18,425 $ 11,594 $ 34,273 $ 21,428

Nature of Business (Details)

Nature of Business (Details) $ / shares in Units, $ in Thousands	Jul. 08, 2015USD ($)$ / shares	Jul. 08, 2015USD ($)$ / sharesshares	Jun. 04, 2015	Jun. 30, 2015USD ($)$ / sharesshares	Jun. 30, 2014USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Reverse stock split conversion ratio			0.25
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts				$ 69,192	$ 0
IPO
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts				$ 65,100
Class A common stock | IPO
Class of Stock [Line Items]
Issuance of common stock in connection with initial public offering, net of offering costs (shares) | shares				6,200,000
Common stock sale price per share (usd per share) | $ / shares				$ 12
Subsequent Event
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts	$ 75,400
Subsequent Event | Over-Allotment Option
Class of Stock [Line Items]
Proceeds from initial public offering, net of underwriting discounts		$ 11,200
Subsequent Event | Class A common stock | Over-Allotment Option
Class of Stock [Line Items]
Issuance of common stock in connection with initial public offering, net of offering costs (shares) | shares		930,000
Common stock sale price per share (usd per share) | $ / shares	$ 12	$ 12

Summary of Significant Accoun30

Summary of Significant Accounting Policies - Fair Value Measurements (Details) - USD ($) $ in Thousands	May. 06, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Payment of contingent consideration	$ 2,400			$ 2,429	$ 0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		$ 69,199		69,199		$ 3,696
Total Assets		69,199		69,199		3,696
Contingent consideration		0		0		2,429
Total Liabilities		0		0		2,429
Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		69,199		69,199		3,696
Total Assets		69,199		69,199		3,696
Contingent consideration		0		0		0
Total Liabilities		0		0		0
Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0		0		0
Total Assets		0		0		0
Contingent consideration		0		0		0
Total Liabilities		0		0		0
Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents		0		0		0
Total Assets		0		0		0
Contingent consideration		0		0		2,429
Total Liabilities		0		0		$ 2,429
Contingent Consideration
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Fair value, at beginning of period		2,429	$ 2,234	2,429	2,403
Change in fair value recorded in general and administrative expenses		0	173	0	4
Payment of contingent consideration		(2,429)	0	(2,429)	0
Fair value, at end of period		$ 0	$ 2,407	$ 0	$ 2,407

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Net Loss per Share (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			1,299	17,925
Weighted average shares outstanding	9,474	9,013	9,278	8,964
Less: Weighted average unvested restricted shares subject to repurchase	146	253	156	282
Weighted average number of shares used to compute basic and diluted net loss per share	9,328	8,760	9,122	8,682
Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			1,141	676
Convertible Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			0	17,007
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from net loss per share attributable to common stockholders			158	242

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) $ in Millions	Jun. 30, 2015USD ($)
Long-term Debt | Credit Facility | Early Adoption Effect | Accounting Standards Update 2015-03
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt financing costs recorded as a reduction to the outstanding amount	$ 0.1

Acquisition of Rentlinx (Detail

Acquisition of Rentlinx (Details) - USD ($) $ in Thousands	Apr. 01, 2015	Jun. 30, 2015	Dec. 31, 2014
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Goodwill		$ 6,737	$ 4,998
RentLinx
Business Acquisition [Line Items]
Acquisition purchase price	$ 4,100
Amount deposited into escrow for potential indemnification claims	500
Acquisition transaction costs	300
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Net current assets	114
Goodwill	1,739
Purchase consideration, paid in cash	4,073
Technology | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 810
Intangible assets, estimated useful life	6 years
Partner relationships | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 680
Intangible assets, estimated useful life	3 years
Customer and website relationships | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 560
Intangible assets, estimated useful life	5 years
Other intangible assets | RentLinx
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Net [Abstract]
Intangible assets	$ 170
Intangible assets, estimated useful life	3 years
Continued Employment Expense | RentLinx
Business Acquisition [Line Items]
Additional amount to be paid to certain individuals subject to continued employment	$ 1,000

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 6,048		$ 6,048		$ 4,577
Less: Accumulated depreciation	(2,484)		(2,484)		(1,954)
Total property and equipment, net	3,564		3,564		2,623
Depreciation expense on property and equipment	300	$ 200	600	$ 400
Cost basis of capital leased property and equipment	82		82		82
Accumulated depreciation on property and equipment under leases	34		34		21
Data center and computer equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	3,568		3,568		2,871
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,470		1,470		1,158
Office equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	376		376		215
Leasehold improvements
Property, Plant and Equipment [Line Items]
Gross property and equipment	376		376		333
Construction in process
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 258		$ 258		$ 0

Internal-Use Software Develop35

Internal-Use Software Development Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Research and Development [Abstract]
Internal use software development costs, gross	$ 17,225		$ 17,225		$ 13,931
Less: Accumulated amortization	(9,834)		(9,834)		(8,422)
Internal use software development costs, net	7,391		7,391		$ 5,509
Capitalized software development costs during the period	1,900	$ 1,100	3,300	$ 2,100
Amortization expense with respect to software development costs during the period	$ 800	$ 500	$ 1,400	$ 900

Goodwill and Intangible Asset36

Goodwill and Intangible Assets - Goodwill Activity (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill [Roll Forward]
Goodwill as of December 31, 2014	$ 4,998
Acquisition of RentLinx	1,739
Goodwill as of June 30, 2015	$ 6,737

Goodwill and Intangible Asset37

Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	$ 7,872		$ 7,872		$ 5,641
Accumulated Amortization	(2,597)		(2,597)		(2,026)
Net Carrying Value	5,275		5,275		$ 3,615
Amortization expense	400	$ 200	$ 571	$ 400
Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years 9 months 70 days		6 years 4 months 24 days
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	790		$ 790		$ 230
Accumulated Amortization	(155)		(155)		(104)
Net Carrying Value	635		$ 635		$ 126
Customer relationships | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years
Technology
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	4,810		$ 4,810		$ 4,000
Accumulated Amortization	(1,867)		(1,867)		(1,500)
Net Carrying Value	2,943		$ 2,943		$ 2,500
Technology | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			6 years		6 years
Trademarks
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	930		$ 930		$ 800
Accumulated Amortization	(231)		(231)		(180)
Net Carrying Value	699		$ 699		$ 620
Trademarks | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			9 years		10 years
Partner relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	680		$ 680
Accumulated Amortization	(57)		(57)
Net Carrying Value	623		$ 623
Partner relationships | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			3 years
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	40		$ 40
Accumulated Amortization	(3)		(3)
Net Carrying Value	37		$ 37
Non-compete agreements | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			3 years
Domain names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	287		$ 287		$ 287
Accumulated Amortization	(184)		(184)		(161)
Net Carrying Value	103		$ 103		$ 126
Domain names | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years
Patents
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Value	335		$ 335		$ 324
Accumulated Amortization	(100)		(100)		(81)
Net Carrying Value	$ 235		$ 235		$ 243
Patents | Weighted Average
Finite-Lived Intangible Assets [Line Items]
Weighted Average Useful Life in Years			5 years		5 years

Goodwill and Intangible Asset38

Goodwill and Intangible Assets - Intangible Asset Activity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Finite-lived Intangible Assets [Roll Forward]
Intangible assets, net at December 31, 2014			$ 3,615
Additions from the acquisition of RentLinx			2,220
Other additions			11
Amortization	$ (400)	$ (200)	(571)	$ (400)
Intangible assets, net at June 30, 2015	$ 5,275		$ 5,275

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)	Jul. 16, 2015	Jun. 30, 2015	Mar. 16, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Less: Current portion of long-term debt		$ (231,000)		$ 0
Total long-term debt, net of current portion		$ 9,318,000		$ 0
Credit Facility
Debt Instrument [Line Items]
Debt Instrument, Covenant, Required Annual Prepayment Amounts As A Percent Of Excess Cash Flow From Specific Events		50.00%
Debt covenant, required amount of 12-month EBITDA		$ 3,000,000
Credit Facility | One-Month LIBOR
Debt Instrument [Line Items]
Variable rate, basis spread percent		1.00%
Credit Facility | Federal Funds Rate
Debt Instrument [Line Items]
Variable rate, basis spread percent		0.50%
Credit Facility | Prime Rate
Debt Instrument [Line Items]
Variable rate, basis spread percent		5.00%
Credit Facility | LIBOR
Debt Instrument [Line Items]
Variable rate, basis spread percent		6.00%
Credit Facility | Term Loan
Debt Instrument [Line Items]
Principal amounts due under term loan		$ 9,959,000
Debt financing costs		(410,000)
Long-term debt, net of unamortized debt financing costs		9,549,000
Less: Current portion of long-term debt		(231,000)
Total long-term debt, net of current portion		9,318,000
Maximum borrowing capacity			$ 10,000,000
Line of credit, amount outstanding		$ 10,000,000
Prepayment premium percent if between March 2016 and March 2017		2.00%
Credit Facility | Revolving Facility
Debt Instrument [Line Items]
Maximum borrowing capacity			2,500,000
Commitment fee percent		0.50%
Line of credit, amount outstanding		$ 200,000
Prepayment premium percent if before March 2016		3.00%
Prepayment premium percent if following an IPO		2.00%
Prepayment premium percent if between March 2017 and March 2018		1.00%
Credit Facility | Letter of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity			300,000
Wells Fargo | Credit Facility | Term Loan
Debt Instrument [Line Items]
Debt financing costs			(300,000)
Unidentified Third Party | Credit Facility | Term Loan
Debt Instrument [Line Items]
Debt financing costs			$ (100,000)
Subsequent Event
Debt Instrument [Line Items]
Potential closing costs of possible new credit facility	$ 100,000
Subsequent Event | Credit Facility | Term Loan
Debt Instrument [Line Items]
Prepayment premium, amount	200,000
Prepayment premium with potential to be waived	$ 200,000

Commitment and Contingencies (D

Commitment and Contingencies (Details) - USD ($)	May. 06, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	May. 26, 2015	Dec. 31, 2014
Loss Contingencies [Line Items]
Operating lease obligations		$ 4,200,000		$ 4,200,000
Rent expense		300,000	$ 300,000	600,000	$ 500,000
Per incident policy limit				$ 100,000
Quota share of tenant liability insurance provided, percent				100.00%
Payment of contingent consideration	$ 2,400,000			$ 2,429,000	$ 0
MyCase, Inc.
Loss Contingencies [Line Items]
Payment of contingent consideration	$ 2,400,000
MyCase, Inc. | Threatened Litigation
Loss Contingencies [Line Items]
Maximum potential earn-out						$ 6,600,000
Other Current Liabilities
Loss Contingencies [Line Items]
Liability for reported claims and claims incurred but not reported		200,000		200,000			$ 300,000
Prepaid Expenses and Other Current Assets
Loss Contingencies [Line Items]
Deposits held with a third party related to insurance services collateral		$ 800,000		$ 800,000			$ 600,000

Convertible Preferred Stock a41

Convertible Preferred Stock and Stockholders' Equity (Deficit) (Details) - $ / shares	Jun. 30, 2015	Jun. 25, 2015	Dec. 31, 2014
Class of Stock [Line Items]
Capital stock, shares authorized		325,000,000
Preferred stock, shares authorized	25,000,000	25,000,000	0
Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized	250,000,000	250,000,000	0
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001	$ 0.0001
Class B common stock
Class of Stock [Line Items]
Common stock, shares authorized	50,000,000	50,000,000	123,000,000
Common stock, par value (usd per share)	$ 0.0001	$ 0.0001	$ 0.0001

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Options outstanding, beginning balance (shares)					1,217
Options granted (shares)			82	42	277	119
Options exercised (shares)					(295)
Options canceled/forfeited (shares)					(58)
Options outstanding, ending balance (shares)	1,141	1,217	1,141		1,141
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options outstanding, weighted average exercise price, beginning balance (usd per share)					$ 3.12
Options granted, weighted average exercise price (usd per share)			$ 12	$ 3.28	7.51	$ 3.28
Options exercised, weighted average exercise price (usd per share)					1.79
Options canceled/forfeited, weighted average exercise price (usd per share)					4.61
Options outstanding, weighted average exercise price, ending balance (usd per share)	$ 4.45	$ 3.12	$ 4.45		$ 4.45
Weighted average remaining contractual life, in years	8 years 8 months 12 days	8 years 2 months 12 days
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense			$ 167	$ 30	$ 269	$ 55

Stock-Based Compensation - Valu

Stock-Based Compensation - Valuation Assumptions (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining stock-based compensation expense for unvested options, not yet recognized	$ 2.5		$ 2.5
Options granted (shares)	82	42	277	119
Options granted, weighted average exercise price (usd per share)	$ 12	$ 3.28	$ 7.51	$ 3.28
Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense, weighted average recognition period			3 years 8 months 12 days
Weighted average Black-Scholes model assumptions:
Risk-free interest rate	1.91%	1.97%	1.53%	1.89%
Expected term (in years)	6 years	6 years	6 years 2 months 12 days	6 years
Expected volatility	45.00%	49.00%	47.00%	49.00%
Expected dividend yield	0.00%	0.00%	0.00%	0.00%

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Activity (Details) - Restricted Stock - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Unvested as of December 31, 2014 (shares)			173
Granted (shares)			50
Vested (shares)			(65)
Forfeited (shares)			0
Unvested as of June 30, 2015 (shares)	158		158
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue			$ 8.78
Granted (usd per share)			1.50
Vested (usd per share)			0
Forfeited (usd per share)	$ 3.96		3.96		$ 1.64
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue			$ 8.78
Stock-based compensation expense	$ 80	$ 34	$ 143	$ 67
Remaining stock-based compensation expense for unvested shares, not yet recognized	$ 600		$ 600
Stock-based compensation expense, weighted average recognition period			1 year 8 months 24 days
Employee
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting period			4 years
Non-Employee Director
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Vesting period			1 year

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
U.S Federal statutory rate			34.00%
Income tax expense	$ (63)	$ 0	$ 11	$ 0

Revenue and Other Information46

Revenue and Other Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Product Information [Line Items]
Revenue	$ 18,425	$ 11,594	$ 34,273	$ 21,428
Core solutions
Product Information [Line Items]
Revenue	7,697	5,332	14,831	10,149
Value plus services
Product Information [Line Items]
Revenue	9,408	5,626	17,112	9,995
Other
Product Information [Line Items]
Revenue	$ 1,320	$ 636	$ 2,330	$ 1,284

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 08, 2015	Jul. 08, 2015	Jun. 30, 2015	Jun. 30, 2014
Subsequent Event [Line Items]
Proceeds from initial public offering, net of underwriting discounts			$ 69,192	$ 0
Subsequent Event
Subsequent Event [Line Items]
Proceeds from initial public offering, net of underwriting discounts	$ 75,400
Over-Allotment Option | Subsequent Event
Subsequent Event [Line Items]
Proceeds from initial public offering, net of underwriting discounts		$ 11,200
Class A common stock | Over-Allotment Option | Subsequent Event
Subsequent Event [Line Items]
Number of shares issued for underwriters		930,000
Common stock sale price per share (usd per share)	$ 12	$ 12