Employees will join Yardi to provide utility billing and energy
management services for more than 700,000 apartments
Yardi announced today that it has acquired ista North America’s (NA’s)
Multifamily Services Group (MSG), a leading supplier of energy and water
metering, billing and management services.
With the acquisition of ista MSG, Yardi will become one of the largest
providers of energy management services in the U.S., serving more than
700,000 apartment units. The new Yardi employees from ista MSG will
remain in their existing offices in Alpharetta, Ga., Jacksonville, Fla.,
and San Diego to continue serving their clients.
“Yardi is excited about adding nearly 200 employees from ista MSG’s
three offices. They will work with 170 members of Yardi’s YES Energy
Management team in Colorado Springs, Colo., to support the industry’s
growing demand for energy management services,” said Gordon Morrell,
executive vice president and chief operating officer for Yardi. “With
these resources and Yardi’s technology roadmap, we are gearing up for
significant growth.”
Ruediger Neubauer, CEO of ista NA, said, “We remain fully committed to
continuing our Business Process Outsourcing (BPO) activities for energy
retailers in the U.S. Our BPO division developed with high growth rates
in the last years. The agreement with Yardi will offer us new
opportunities to focus on the rapid development of the future BPO
business.”
About Yardi
Yardi has been committed to the design, development and support of real
estate investment management and property
management software for 30 years. With the Yardi Multifamily Suite™
and the Yardi Voyager™ and Yardi Orion™ for
SharePoint® platforms, Yardi provides a full real estate
management system that includes operations, accounting, and ancillary
processes and services with portfolio-wide business intelligence.
Yardi’s residential products and services are designed for various
market niches, including market rate multifamily and single-family,
affordable housing, public housing, senior housing, and military
housing. Yardi also offers Yardi
Energy Solutions™, a comprehensive service integrated with Yardi
Voyager to automate utility billing and energy management. Yardi serves
clients around the world from offices in Asia, Australia, Europe, the
Middle East and North America. More information about Yardi products and
services is available at www.yardi.com.
