Yardi Is Integral to Erinaceous’ Innovative Solutions


Erinaceous Group plc selects Yardi as its Enterprise Solution for Property Management
SANTA BARBARA, CA; LONDON, UK; AMSTERDAM, THE NETHERLANDS; November 6, 2006 — Yardi Systems Inc., the industry leader for asset and property management solutions, today announced that the UK-based Erinaceous Group plc has selected Yardi for its property and asset management requirements. Erinaceous will implement Yardi Voyager™ International across all its 40 UK offices and aims to have 150,000 properties and 700 users on the system by the time of complete go-live in 2008.

Erinaceous Group plc provides a unique “one-stop shop” and integrated client solutions for all services that relate to the ownership, design, construction, management, insurance and maintenance of property. Erinaceous works in partnership with a diverse range of clients to deliver added value and implement total property solutions. The implementation of Yardi Voyager International will enable Erinaceous to further improve the service levels it offers its clients.

Ryan Perryman, Head of Group Business System Development at Erinaceous explained, “We were looking for a Web-based system to enable us to effectively manage our property and asset portfolios. Yardi Voyager International stood out because of its superior levels of functionality. In addition, our users were very impressed with the ease of use of the Yardi system, which far surpassed any existing systems.”

“There were a number of things which distinguished Yardi from the competition. The key differentiators included the fact that it is Web-based, that we can run it through Yardi’s Application Service Provider (ASP) hosting service, the critical dates function and the impressive features within the Executive Dashboard. In fact, I haven’t seen any other system that is as customisable as Yardi Voyager–our surveyors found it particularly attractive.”

He added, “We expect our first portfolio of approximately 15,000 properties to go live in the first quarter of 2007. We have worked with Yardi to develop a two-year implementation programme, which includes complete migration of our legacy systems by 2008. We have a large quantity of data to import and we are doing this through a combination of Yardi Client Services and internal resource.”

Philip Stott, Regional Sales Manager, Yardi said: “Erinaceous and Yardi have a similar outlook in terms of continually striving to offer customers innovative solutions. Erinaceous currently uses a number of systems to manage their portfolios, which means wasted time trying to tie information together. Yardi offers the ability to enhance workflow by integrating property management, financial reporting and a centralised database into one software suite. This functionality will enable Erinaceous to manage and report on their portfolios more efficiently, saving both time and money. We look forward to working with them.”

About Erinaceous Group plc
Erinaceous Group plc provides a “one-stop shop” for a broad range of services related to the management, maintenance, procurement, design, construction and insurance of property. Erinaceous provides services and solutions in both the private and the public sectors for residential and commercial property and aims to be the provider of choice. Listed on the London Stock Exchange and nearing FTSE250 status, Erinaceous is well placed to build on its existing infrastructure and achieve market leadership. Further information is available at www.erinaceous.com. For all press enquiries, please contact PR Manager, Chris Don on [email protected]; +44 7785 564303.

About Yardi
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Investment, 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.

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