Yardi Systems has acquired VisualHOMES, a leading provider of software solutions for public housing authorities that manage low-income housing.
SANTA BARBARA, CALIF., Aug. 04, 2010 – Yardi Systems announced today that it has acquired VisualHOMES, a leading provider of software solutions for North American public housing authorities that manage low-income housing.
The acquisition joins the public housing technology expertise of VisualHOMES, which has developed more than 20 fully integrated housing management and financial accounting software modules, with that of Yardi, provider of the comprehensive, browser-based Yardi Voyager™ PHA solution for subsidized housing.
“Clients of both companies will benefit from the combination of these industry leaders’ public housing software and domain knowledge. We look forward to leveraging our strengths into solutions that help public housing authorities place low-income tenants into safe, compliant and affordable homes,” said Anant Yardi, president of Yardi Systems.
“We are very pleased to join the Yardi team. VisualHOMES takes pride in consistently exceeding public housing authorities’ requirements for managing applicants, tenants and properties according to Department of Housing and Urban Development regulatory requirements. Our new relationship with Yardi will build on that legacy to help clients, their stakeholders, and their systems work as one to build better communities,” said Raj Bhaskar, CEO of VisualHOMES, whose customers include public housing authorities for the cities of Dallas, Milwaukee and Minneapolis, and the District of Columbia Housing Authority.
VisualHOMES, based in Silver Spring, Md., provides a proven and complete software solution for public housing, Section 8 and financial accounting management. Public housing and redevelopment authorities, departments of housing and community development, non-profits and related agencies of all sizes have been using VisualHOMES’ Windows�-based solutions in real world, mission-critical operations for nearly a decade. For more information, visit www.visualhomes.com.
Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 years. With products designed for all real estate vertical markets, including PHA and Affordable housing, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at www.yardi.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255