Yardi Systems Earns Digie Award at Realcomm 2008


Yardi chosen as an innovative technology leader in the real estate industry by Realcomm
SANTA BARBARA, CALIF., July 22, 2008 –Yardi Systems, the global leader in asset and property management software, announced today that it received Realcomm’s prestigious “Digie” (Digital Innovation) Award, presented annually to the most ground-breaking real estate companies, individuals and solution providers.

Yardi earned the award for Best Technology in the Real Estate Transaction category for pioneering an integrated solution that promotes sustainability. Yardi and partners rCash, SiteStuff, Inc., Cambridge Solutions Ltd., and Bank of America successfully integrated procurement and invoice processing systems to help their joint client CB Richard Ellis develop an interconnected, paperless processing flow. The project is part of CBRE’s “Planet Building” initiative that aims to improve operational sustainability and efficiency and make the nearly 2 billion square feet of commercial real estate under CBRE management carbon-neutral by 2010.

“This initiative generated many new operational efficiencies, including consistent end-to-end business processes and stronger fiscal controls,” said Anant Yardi, president of Yardi Systems.

“Through the years, Yardi has demonstrated its leadership in providing long-term customer solutions that embodies the best use of technology and innovation,” said Jim Young, co-founder and CEO of Realcomm. “We recognize that excellence with this year’s presentation of Realcomm’s Digie Award.”

The award was presented at Realcomm 2008, an annual conference of real estate industry leaders who discuss, analyze and debate the latest technologies and innovations that are impacting the commercial and corporate real estate industries.

About Yardi
Over 25 years, Yardi Systems continues to be the global leader in the design, development, and support of integrated asset and property management software for organizations of all sizes. 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.

Headquartered in Santa Barbara, Calif., Yardi Systems has offices throughout the United States, Canada, Europe, Asia, and Australia. www.yardi.com

About Realcomm
Realcomm Conference Group, LLC is the world’s leading research and educational institution that produces an annual conference and exposition on technology, automated business solutions and intelligent buildings for executives in commercial and corporate real estate.

About the Realcomm Digie Awards
The Digie Awards are broken into four main categories: Best Use Of Automation, Most Extreme Real Estate, Best Technology and the Digital Impact Award.

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