Yardi Systems Acquires Point2 Technologies Inc.
SANTA BARBARA, Calif. – Sept. 30, 2010 – Yardi Systems has announced its acquisition of Point2 Technologies Inc. Headquartered in Saskatoon, Saskatchewan with offices in Vancouver, British Columbia and San Diego, Calif., Point2 develops, markets, and supports online marketing software solutions for the real estate industry. The company also develops, markets, and supports inventory management and online marketing software for the heavy equipment industry. Customers are located in over 120 countries.
Point2’s entire management and staff will remain with the company.
The acquisition will further strengthen the Point2 brand and position in the listing syndication and website marketplaces.
“Point2’s strengths and solid market penetration create a significant growth opportunity for our companies. We look forward to capitalizing on Yardi’s capabilities in combination with Point2’s expertise and traction to take the business to the next level,” said Anant Yardi, president of Yardi Systems.
“Point2 is very excited to become part of Yardi, one of the largest and most successful software companies in real estate today. Our vision and cultures are a perfect match,” said Saul Klein, Yardi senior vice president of Point2 and former chief executive officer of Point2. “The combination of Point2 and Yardi puts us on a fast track of innovation that will serve our customers and business partners well across the industries that we serve.”
Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for nearly 30 years. With its Yardi Multifamily Suite™, Yardi Commercial Suite™, and Yardi Investment Suite™, the Yardi Voyager™ system is the most comprehensive single real estate management platform on the market today. Yardi serves clients around the world from offices in Asia, Australia, Europe and North America. More information about Yardi products and services is available at .www.yardi.com
About Point2 Technologies Inc.
Point2 develops and markets web-based inventory management and online marketing software solutions for the real estate (www.Point2Agent.com) and heavy equipment industries (www.Point2Manager.com) across 120 countries. The company also owns and operates the real estate consumer portal, Point2 Homes (www.Point2Homes.com), and the used heavy equipment marketplace, UsedIron (www.UsedIron.com). Point2 was founded in 1996 and employs a staff of nearly 130 employees at its Saskatoon, Saskatchewan headquarters and at offices in Vancouver, British Columbia and San Diego, Calif. More information can be obtained at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.