Yardi Announces That 2,000 Companies Are Taking Advantage of Yardi Cloud Services


Yardi Systems Inc. is pleased to announce today that more than 2,000 companies now leverage Yardi Cloud Services

SANTA BARBARA, CALIF., Nov. 13, 2010 – Yardi Systems Inc. is pleased to announce today that more than 2,000 companies now leverage Yardi Cloud Services™ to host their property and investment management software solutions.

For 10 years, Yardi has experienced continuous growth as an application service provider for real estate managers who have sought to streamline operations with cost-efficient, highly available hosting solutions. With Yardi Cloud Services, a dedicated team provides 24-hour client support and manages application updates, network security, hardware and infrastructure, allowing clients to focus on their principal business.

“Using Yardi Cloud Services has allowed us to stay more focused on our ever-growing business rather than having to maintain the complex hardware and software necessary for advanced Web-hosting applications,” said Matthew Foster, vice president of IT for DEI Communities. “Our experience with Yardi, from the initial sales proposal, product demonstrations, training, and implementation to the ongoing service and support over the years, has definitely been one of the keys to our company’s success.”

Scott Pechersky, vice president of IT for Alliance Residential Company, said, said, “Managing a Web-based property management system for our $3 billion portfolio is no small task, and Yardi Cloud Services was a clear first choice. Because Yardi’s hosting staff is dedicated to supporting this software and understands all of its complexities, this solution saves us time, hardware costs and worry.”With more than 3,000 servers, Yardi can continue to add new Cloud Services clients and ensure maximum system performance. Cloud Services clients are hosted in nine data centers with 16 networks around the world, including a dedicated business continuity/disaster recovery center in Phoenix, AZ. Comprehensive redundancy and fail-over technology safeguards client data and ensures fast recovery in the event of a disaster. Data centers are PCI-audited and SAS 70 Type II-certified.

“We work hard to set high standards for our Yardi Cloud Services team, and we are happy to see it paying off so consistently for our clients,” said Scott Wiener, Yardi vice president of IT. “In addition to supporting the core Voyager system, our clients can rely on us to manage hundreds of interface feeds to banks and third-party companies as well.”

About DEI Communities

DEI Communities, headquartered in Omaha, Nebraska, owns and manages more than 10,000 units throughout the central United States. Our success is a reflection of our founders’ work ethic, vision and experience.

Building upon the successes of the past, recognizing opportunities and overcoming the obstacles, makes DEI Communities a stronger performer year after year. We look forward to tomorrow’s challenges, because we know that by overcoming them, we will have learned something valuable for the future. More information is available at www.deicommunities.com.

About Alliance Residential Company

Headquartered in Phoenix, Alliance has 16 offices across the U.S. Since company inception in Sept. 2000, Alliance has become one of the largest private apartment owners and the 15th largest management company in the U.S., with a $6.0+ billion portfolio and 45,000 units across 22 metropolitan markets in 12 states.

As a fully integrated ownership, development and management company, Alliance offers a dual perspective of the industry. As owners, we understand the importance of property performance and return on investment. As managers, we recognize the value of our Associates and embrace the notion that their success as individuals is the backbone to our success as a company. As a result, we focus our efforts on superior leadership at the local level, accentuated by comprehensive training and a national support system. The ultimate goal is to allow our Associates in the field to focus on their core responsibilities: leasing apartments and taking care of customers.

On the investment side, Alliance sourcing is a coordinated approach between the national and local levels. By targeting locations through sound market analysis, Alliance expects to provide above-average growth fundamentals over the intermediate and long terms. Extensive market research –coupled with Alliance’s expertise in investment, finance, construction and risk management — has resulted in a successful track record of outstanding investment returns since company inception. More information is available at www.liveatalliance.com.

About Yardi

Yardi Systems has been committed to the design, development and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, 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