History
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Yardi Systems was founded by IIT Delhi alumnus, Anant Yardi [2] [3] in Santa Barbara, California. [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]
On December 4th 2024, a federal judge denied a dismissal motion by Yardi Systems and other property management companies, in regards to an antitrust class-action lawsuit. In the lawsuit, defendants claimed that Yardi and others, used price-fixing algorithms to artificially inflate multifamily rental prices. [19]