(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)
SANTA BARBARA, CA-Yardi has acquired ista North America’s Multifamily Services Group, a leading supplier of energy and water metering, billing and management services. With the acquisition, Yardi will become one of the largest providers of energy-management services in the United States, serving more than 700,000 apartment units.
The new Yardi employees from ista MSG will remain in their existing offices in Alpharetta, GA; Jacksonville, FL; and San Diego to continue serving their clients.
“Yardi is excited about adding nearly 200 employees from ista MSG’s three offices,” says Gordon Morrell, EVP and COO for Yardi. “They will work with 170 members of Yardi’s YES energy-management team in Colorado, Springs, CO, to support the industry’s growing demand for energy-management services. With these resources and Yardi’s technology roadmap, we are gearing up for significant growth.”
Ruediger Neubauer, CEO of ista NA, says the company remains fully committed to continuing its business process outsourcing activities for energy retailers in the US. “Our BPO division developed with high growth rates in the last [few] years. The agreement with Yardi will offer us new opportunities to focus on the rapid development of the future BPO business.
The ista NA purchase marks the second acquisition for Yardi this year. As GlobeSt.com previously reported, in April Yardi acquired Lead Tracking Solutions, creator of the PopCard, a patented and complete lead tracking and lead management software solution. With the acquisition, Yardi Voyager clients have the opportunity to add the PopCard’s fully integrated lead-to-lease solution that automates the tracking of rental prospects and helps maximize marketing dollars.
In addition, as GlobeSt.com also reported, the Yardi Systems RENTCaf
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
