Yardi Expands into Australia


Global expansion plans continue with offices in Asia-Pacific
SANTA BARBARA, CA; LONDON, UK; AMSTERDAM, NL; SYDNEY, AUS; August 1, 2006 — Yardi Systems, the industry leader for asset and property management solutions, announces the opening of its office in Sydney, Australia. The new office is the second international office opened in the Asia-Pacific region this year, following the opening of its Hong Kong office in January 2006.

Founded in 1984, Yardi enjoys a customer base that incorporates some of the world’s leading international companies, including ProLogis, Sachsenfonds, Cushman & Wakefield, CB Richard Ellis Investors and UBS. Yardi’s growth into Asia and Australia ties in with its objective to expand its global presence. This expansion follows Yardi’s successful move into Europe three years ago and demonstrates its commitment to worldwide growth.

In addition to its offices in Hong Kong and now Australia, Yardi has offices throughout the United States, Canada, and Europe. Terri Dowen, Senior Vice President of Sales for Yardi, commented: “The office in Sydney is a key part of our Asia-Pacific expansion plan and we are all very excited about it. In addition to our large customer base in the USA and Canada, our international customer base has increased significantly since our launch into Europe three years ago. We look forward to seeing a similar response in Sydney. Michelle Matkins, who has been affiliated with Yardi for nearly 20 years, has been appointed general manager for Australia and is the ideal person to set up the new office and lead the team. This is a great step forward for Yardi’s future.”

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 property software solutions. Our products are client-driven and enhance workflow by integrating asset and property management, financial reporting and a centralized database in one software suite.

Yardi enjoys a customer base that incorporates some of the world’s leading businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally. Its European customers include Deloitte, Sachsenfonds, Cushman & Wakefield, CB Richard Ellis Investors and ProLogis.

Headquartered in Santa Barbara, California, Yardi 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.

Yardi’s Australian office is located at Level 23, 25 Bligh Street, Sydney, NSW 2000; and can be reached by telephone at +61 (2) 8211 0414 or by fax at +61 (2) 8211 0555.

Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255