Yardi Acquires MSG

05 / 17 / 12

1 min read

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Yardi Systems announced today that it has acquired ista North America’s Multifamily Services Group (MSG), a company that provides utility metering, billing, and management for multifamily, military and manufactured properties. With the acquisition of ista MSG, Yardi will become one of the largest providers of energy management services in the U.S., serving more than 700,000 apartment units.

“Yardi is excited about adding nearly 200 employees from ista MSG’s three offices. They will work with 170 members of Yardi’s YES Energy Management team in Colorado Springs, Colo., to support the industry’s growing demand for energy management services,” said Gordon Morrell, executive vice president and chief operating officer for Yardi. “With these resources and Yardi’s technology roadmap, we are gearing up for significant growth.”

MSG’s staff will retain their offices in Alpharetta, Ga., Jacksonville, Fla., and San Diego, Calif.

Read the full press release on Yardi.com