Monday, May 10, 2010

Yardi Acquires DIY Software

Santa Barbara-based Yardi, a developer of real estate and property management software, said late last week that it has acquired DIY Real Estate Solutions, a developer of residential property management software. Financial terms of the buy were not disclosed. Yardi said DIY co-founders Don Katt, Steve Lloyd, and Alison Cavano join the firm with the acquisition. Yardi said the acquisition gives it a complete, integrated property management system for companies managing 1,000 or fewer units. Yardi has been on an acquisition roll this year, having acquired real estate data firm PropertyShark in April, and resident screening service RentGrow in February.

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