Yardi Systems, Inc. has announced a comprehensive settlement to the litigation that has been pending between Yardi and RealPage, Inc. since January 2011. As part of the settlement, RealPage will immediately stop offering to host Yardi software for new customers. RealPage will also immediately discontinue offering implementation services and all application support and training services for Yardi software. RealPage may continue to host Yardi software in the RealPage Cloud for existing RealPage Cloud customers only, for up to five years. In addition, Yardi and RealPage have granted to one another perpetual licenses to their standard interfaces, providing interoperability and choice to common clients.
