Yardi Adds Jon Loomer, Formerly with J.D. Edwards, to Commercial Sales Team


SANTA BARBARA, CA, August 28, 2006 – Yardi is pleased to announce the hiring of industry veteran, Jon Loomer, formerly with J.D. Edwards, to the global commercial solutions sales team. Jon has a strong history of working in the real estate, property management and construction industries. He graduated from the University of Northern Iowa in 1978, with a degree in accounting, and became a Certified Public Accountant (CPA) shortly thereafter.

Jon’s initial foray into the public workplace began with a Denver-based CPA firm that audited commercial construction companies, and followed that up with opportunities in the commercial construction, real estate development, property management and homebuilding industries. Jon joined J.D. Edwards in 1991 (later acquired by Peoplesoft and Oracle), where he spent 8 years handling post-sales professional services software installations (real estate, construction, engineering, property management), and an additional 5 years as a sales consultant selling software to the same group. For the past 2 years, Jon has worked in the Oracle corporate office providing real estate resource expertise to the front-line sales force.

In his new position he will report to Alan James, leader of the Yardi Commercial Solutions Sales team, and will focus on aggressive growth strategy for the commercial market, including investment management. “I am extremely excited with the opportunity to join Yardi”, he says. “Yardi has been a formidable competitor that I have respected for many years. They are well positioned to dominate the real estate marketplace, and I want to be part of the dynamic growth they are achieving. Their products are solid and user friendly, and the Yardi management team has done a great job in positioning the company for the future. That future is now.”

Jon joins newcomers Alex Stanton and Kim Jones, also formerly of J.D. Edwards, and reinforces Yardi’s commitment to build a world-class commercial sales team. The team is important to the company’s overall strategy and is expected to help dramatically increase Yardi’s presence in the global commercial real estate market within the next twelve months.

About Yardi
Yardi Systems, Inc. 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 22 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our 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.

Yardi enjoys a customer base that incorporates some of the world’s leading international companies, including Cushman & Wakefield, ProLogis, CBRE, Colliers Turley Martin Tucker-Clayton, Deloitte, Sachsenfonds, and Erinaceous Group plc.

Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with 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