Yardi Systems Receives California Assembly 35th District “Business of the Year” Award


SANTA BARBARA, CA, August 3, 2006 — Yardi Systems announces that California 35th District Assemblyman Pedro Nava presented Yardi Systems’ President and founder, Anant Yardi, with a resolution honoring the company’s achievements and for being an exemplary business that “empowers, encourages, and challenges its employees to work to their highest potential.”

Yardi Systems was commended by the State Assembly for its mission of providing superior products and outstanding customer service, and for acting as an integral part of the communities in which it operates by encouraging its employees to volunteer their time and by providing financial support to worthwhile causes. Direct Relief International, a locally based medical-aid nonprofit that nominated Yardi for the award, is one of many organizations that has benefited from the company’s generous assistance. “I wasn’t aware that we were even being considered, but of course I’m quite honored and happy to accept on behalf of all the employees,” said Anant Yardi.

The resolution, presented by Assemblyman Nava, recognized Yardi Systems for setting the standard in real estate software since its founding in 1982, and for maintaining longevity through a “combination of responsiveness and technical innovations, and the company’s focus on relationships, both outside and inside the company.”

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 real estate software solutions worldwide. Our 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, 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