Yardi Receives “Appreciation Award” from Multifamily Information and Transactions Standards (MITS)


SANTA BARBARA, CA, November 15, 2005 — Yardi Systems is proud to announce its receipt of a “Professional Appreciation Award” presented by David Cardwell of the National Multi Housing Council (NMHC) and the Multifamily Information and Transactions Standards (MITS) group.

The award was presented to select individuals from participating companies in the MITS initiative and granted to Tamara Berndt, Residential Product Manager for Yardi Voyager property and asset management software. She received the award in recognition of her leadership and commitment in the development and implementation of the apartment industry data standards.

About MITS
The MITS Initiative is an internationally recognized data standards effort for the multifamily housing industry. Its purpose is to support systems integration, information management, and automated data exchange. Tamara Berndt is Vice-Chair of the MITS Governance Committee, and has dedicated countless hours to facilitate the creation of data standards used throughout the multifamily housing arena. These data standards facilitate more effective and efficient exchange of data throughout the industry, saving users time and financial resources.

According to Mr. Cardwell of MITS, “Tamara has also been an invaluable resource in spreading the word about the MITS Initiative to her contacts in the industry. Her efforts have been key to the development of open data standards that are a benefit to the industry at large.” More information about MITS may be found at www.mitsproject.org.

About Yardi
Yardi Systems, Inc. is the global leader in the design, development and support of asset and property management software for multinational organizations of all sizes. Yardi’s innovative technology and services are client-driven and enhance workflow by integrating property management, financial reporting and a centralized database into one system. In keeping with its commitment to technology, Yardi acknowledges the importance of data standardization throughout the industry and supports MITs through the dedicated efforts of employees like Tamara Berndt.

Yardi is a privately held corporation, with headquarters in Santa Barbara, Califiornia and regional offices in throughout North America, Europe and Asia-Pacific. 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