R.D. Olson Development Selects Yardi Voyager™ to Manage Its Dynamic Portfolio


SANTA BARBARA, CA, October 24, 2007 — Yardi Systems, the global leader in asset and property management software, is pleased to announce that leading owner and developer R.D. Olson Development, headquartered in Irvine, CA, has selected Yardi Voyager to manage its office, retail, mixed-use and hotel properties throughout the U.S.

Katrien Van Rooyen, corporate controller for R.D. Olson Development, conducted a thorough evaluation of available systems. She contacted several financial executives of comparable owners/developers to gain their opinion of a system that would accommodate every aspect of their business–from development and construction management to property management and advanced reporting for asset management. “I spoke to several key financial executives and industry leaders in the development and asset management industries, and Yardi Voyager was by far the most highly recommended system,” she said.

Van Rooyen oversees all aspects of the Olson Real Estate group of companies’ finances, including accounting and reporting, budgeting, risk management, strategic planning, human resources and information systems management. As such, she was responsible for selecting a system that could properly support all areas of the businesses with a focus on increased efficiencies and effectiveness, thereby driving profitability. “Yardi Voyager’s fully integrated, browser-based system, as well as its robust Budgeting and Forecasting module and ASP (Application Service Provider) hosting service, proved to be an excellent solution for our growing enterprise,” she continued.

Due to the variety of services her group provides for multiple entities of the company, it was imperative that the system she chose support a wide range of business operations. “Voyager is a wonderful product to accommodate all of our needs. It’s truly the only product we could find to accommodate our diverse range of duties within one, centralized system,” she explained. They were also very impressed with the robust forecasting features and industry-standard reports built into the system, which they anticipate will minimize the time spent managing their back-end processes, streamline reporting and increase data sharing within their organization. “The net result is more time and resources to serve our customers’ needs without cutting into our margins. That alone was worth its weight in gold,” she continued.

For the past 10 years, R.D. Olson Development’s successful development track record has grown a diverse investment portfolio and earned a reputation for delivering profitable real estate solutions, building unique destinations and, above all, creating value. With the selection of Yardi Voyager and accompanying modules Voyager Construction and Budgeting and Forecasting, R.D. Olson Development has further reinforced its leadership position within the industry and provided more value to its investors.

About R.D. Olson Development
Robert D. Olson founded R.D. Olson Development in 1997 after spending nearly 20 years at the helm of R.D. Olson Construction. The time was right to detach the development services from the construction company, and R.D. Olson Development was formed. Olson’s experience as a builder inspired efforts to improve the development process by refining market analysis and adding increased efficiency in combination with improved quality. The company was founded on the principles of providing what the marketplace demands, maintaining clear focus on the end user, and delivering creative solutions and profitable developments/ventures. Real estate markets may change, but the way we do business remains the same. For more information, visit www.rdodevelopment.com today.

About Yardi
Yardi Systems is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, Yardi’s technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Yardi’s software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally.

Headquartered in Santa Barbara, California, Yardi Systems has offices throughout the United States, Canada, Europe, Asia, and Australia. 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