Yardi Announces Marketing Agreement with CoreBPO Limited

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SANTA BARBARA, CA, May 15, 2007 — Yardi Systems, the global leader in asset and property management software, is pleased to announce a strategic alliance with CoreBPO Limited, a leading provider of outsourcing Property Management and Real Estate Accounting Services in Europe. Headquartered in London, CoreBPO provides consulting services in both customer-facing services such as customer service, telemarketing and collections, as well as back-office services like Finance & Accounts and Recruitment.

CoreBPO selected Yardi as a technology partner for their BPO services and uses Voyager™, Yardi’s browser-based asset & property management software, to process their clients’ accounting transactions. “Both Yardi and CoreBPO operate in a niche segment of Real Estate Property Management and complement each other. This alliance provides companies in the Property Management space with the combined power of technical innovation, cost reduction, economies of scale and higher performance and quality,” says Anuj Gupta, President & CEO of CoreBPO.

With a world-class consultant team, CoreBPO possesses the in-depth understanding of real estate management business processes and best practices necessary to produce the high standard of results Yardi clientele have come to expect. “We are very happy about the strategic alliance we have established with CoreBPO,” says Terri Dowen, Sr. Vice President of Sales for Yardi Systems, adding, “Their ability to improve performance and reduce costs for clients, such as Erinaceous Group, is a great asset to us.”

About CoreBPO
CoreBPO is a leading provider of high-value business process outsourcing solutions to global clients. Headquartered in London, we provide consulting services in the field of offshore outsourcing, coupled with cost-effective service delivery from our state-of-the-art facilities in Gurgaon, a satellite town of New Delhi, India. CoreBPO is focused on leveraging India’s advantage as the world’s premier location for high-quality and cost-effective offshore services to bring a whole host of outsourcing solutions to international clients. Our range of services encompasses both customer-facing services such as customer service, telemarketing and collections, as well as back-office services like Finance & Accounts and Recruitment. Visit www.corebpo.com for more information.

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 25 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.

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