Les Résidences Allegro Selects Yardi Voyager Senior Housing for Residential Management


SANTA BARBARA, CA, January 16, 2006 — Yardi Systems announces the third-largest network of distinctive independent and assisted-living facilities in Canada, Les R�sidences Allegro, has selected Yardi Voyager™ Senior Housing and Yardi ASP Hosting service to manage its extensive portfolio of residential properties.

Browser-based Yardi Voyager is a comprehensive accounting and property management software suite that provides real-time reporting and transactions from any location with Internet access. Implementation of Yardi Voyager will include Yardi’s data conversion service, which provides assistance converting data from Les R�sidences Allegro’s previous system. The new Yardi system will be bilingual, and program users will be able to choose English or French when processing transactions or communicating with clients and vendors.

In addition to Voyager Senior Housing, Allegro plans to use other modules that are fully integrated with the core property management system, including the Canadian Regional Residential Module, which enables property managers to meet the needs of the different provinces; YSL (Yardi Spreadsheet Link); Currency Conversion; and Construction Management. By using Yardi ASP Hosting service for application hosting, Allegro managers will benefit from a secure data center and Yardi’s expert system maintenance.

About Les R�sidences Allegro
The Allegro network comprises 31 residences throughout Quebec, Ontario and British Columbia, which translates into some 5,800 apartments and suites, and more than 1,500 caring employees dedicated to the comfort and well being of 6,500 residents.

About Yardi
Yardi Systems, Inc. is the global leader in the design, development and support of integrated asset and property management software for the real estate industry. For over 22 years our technology and innovation have led the industry, providing the premier software solution for commercial, residential and real estate investment markets worldwide. Our client-driven products are designed to streamline business processes by integrating property and investment management, financial reporting, and a centralized database into one fully browser-based software suite.

Headquartered in Santa Barbara, California, Yardi is a privately held corporation with offices throughout the United States, Canada, Europe and Asia-Pacific. More information about Yardi products and services may be found by visiting www.yardi.com.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255