Yardi Systems

Last updated
Yardi Systems, Inc.
Company type Private
Industry Technology, Property Management, Real estate
Founded1984;40 years ago (1984)
Headquarters
Santa Barbara, California
,
U.S.
Key people
  • Anant Yardi (CEO)
Number of employees
approx. 9000 (2024 estimate)
Subsidiaries WeWork Inc. 60%
ASN
Website yardi.com

Yardi Systems, Inc. is an investment, asset and property management software vendor for the real estate industry. [1] It provides products such as property management platforms and software.

History

Yardi Systems was founded by IIT Delhi alumnus, Anant Yardi [2] [3] in Santa Barbara, California, by building his first software product on an Apple II in 1984. [4] In 2010, Yardi Systems launched Yardi CRM, as part of the company's suite of property management software and integrated it with its own product, Yardi Voyager, a platform designed for real estate management. [5] The year also marked the acquisition of online real estate database, PropertyShark. [6] [7]

By 2017, Yardi Systems would expand to 35 offices worldwide, keeping its headquarters in the United States. [8]

In 2021, Yardi Systems acquired and redesigned listing service 42Floors.com adding it to its marketplace network, CommercialEdge. [9] The year also marked the launch of a new product suite, Yardi Corom, which offers lease management, occupancy tracking and desk hoteling for flexible workplaces. [10]

In 2022, Yardi Systems launched RentCafe CRM IQ, which enabled Yardi clients to manage prospects, applicants and residents through the leasing process. [11] Yardi Systems also partnered with Canadian digital insurance provider, APOLLO Insurance, to offer tenant insurance embedded into Yardi's software for Canadian tenants. [12]

In 2024, following a partnership between Yardi Systems and Xfinity Communities, Xfinity Wi-Fi became available to users of Yardi product, RentCafe. [13] The same year, Yardi Systems would acquire a 60% equity stake in WeWork. [14] [15] [16] [17] [18]

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References

  1. ↑ Garbarine, Rachelle (August 18, 2000). "Residential Real Estate; A Computer Program for Apartment Managers" – via NYTimes.com.
  2. ↑ Manoj, Anagha R. (November 13, 2021). "Who Is Anant Yardi, Who Just Gave Rs 75 Cr To His Alma Mater IIT Delhi?". The Better India.
  3. ↑ Sharma, Kritika (November 12, 2021). "US-based software entrepreneur Anant Yardi donates $10 million to alma mater IIT Delhi". ThePrint.
  4. ↑ "Yardi Systems founder shares history of success | Pacific Coast Business Times". www.pacbiztimes.com. January 29, 2016.
  5. ↑ "Yardi CRM for Real Estate: Integration, Integration, Integration". CRM Buyer. July 27, 2012.
  6. ↑ Parker, Garrett (January 4, 2019). "10 Things You Didn't Know about Property Shark". Money Inc.
  7. ↑ "Yardi Systems Acquires NYC-Based PropertyShark". benefitspro.com.
  8. ↑ "Employee reviews rank Anant Yardi among top CEOs in the nation | Pacific Coast Business Times". www.pacbiztimes.com. June 24, 2017.
  9. ↑ Times, Boston Real Estate (December 28, 2021). "Yardi Acquires & Redesigns Innovative CRE Listing Service 42Floors.com". Boston Real Estate Times.
  10. ↑ "Yardi Launches Workplace Management Solution for Commercial Occupiers". 6 July 2021. Retrieved 12 September 2024.
  11. ↑ "Yardi Releases CRM Software for Multifamily Operators". benefitspro.com.
  12. ↑ Clere, Alex (June 16, 2022). "Apollo and Yardi in new embedded insurance partnership". insurtechdigital.com.
  13. ↑ Randall, Brad (June 18, 2024). "Xfinity service to be offered to users on Yardi's residential portal". Broadband Communities.
  14. ↑ Pollard, Amelia (30 May 2024). "WeWork's new owner pitches no-drama turnaround for Adam Neumann's old company" . Retrieved 12 September 2024.
  15. ↑ Engquist, Erik (April 29, 2024). "WeWork announces deal to exit bankruptcy, avoid takeover by Adam Neumann". The Real Deal.
  16. ↑ "Anant Yardi becomes majority stake owner of WeWork, David Tolley to continue as CEO". mint. 2024-05-31. Retrieved 2024-08-26.
  17. ↑ "WeWork set to emerge from bankruptcy". www.bbc.com.
  18. ↑ "WeWork Cleared to Exit Bankruptcy After Neumann Ends Buyout Bid". May 30, 2024 – via www.bloomberg.com.
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