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Yardi Acquires Pierce-Eislen - Apartment market research expert to join forces with provider of leading real estate software solutions - PI-EI.com / Yardi.com
Yardi Acquires Pierce-Eislen

 

PRZOOM - /newswire/ - Santa Barbara, CA, United States, 2013/07/03 - Apartment market research expert to join forces with provider of leading real estate software solutions - PI-EI.com / Yardi.com.

   
 
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Yardi® announced today that it has acquired Pierce-Eislen®, a supplier of property- and market-level research and reporting for the multifamily industry in 58 markets throughout the U.S.

Pierce-Eislen’s unique online service bundles information, process, and technology into a transaction engine to provide apartment industry data at the property, market, regional, and national levels. Data is accurate, current, searchable, and accessible online in minutes. Subscribers include apartment owners, property managers, investors, brokers, lenders, and securities fiduciaries responsible for market trend analysis and status. The company currently reports on all apartment communities over 50 units in size.

“The Yardi merger is a direct result of an extensive search for the best partner to support Pierce-Eislen’s aggressive growth strategy,” said Ronald Brock Sr., founder of Pierce-Eislen. “This union will help us bring the industry’s most complete and fully bundled information source to a national audience. Yardi’s recognized superiority in the real estate industry was a perfect fit, both synergistically and culturally.”

Gordon Morrell, executive vice president and chief operating officer for Yardi, added,“We are excited to welcome the Pierce-Eislen team to the Yardi family and to bring their unique real estate market reporting capabilities to serve our industry.”

The Scottsdale, Ariz.-based Pierce-Eislen team members will remain in their existing offices to continue serving their customers.

About Pierce-Eislen

Pierce-Eislen (pi-ei.com) is an online, subscription-based technology company providing up-to-the-minute data to the commercial multifamily housing industry. The Pierce-Eislen apartment information service is a high-performance system with the sole function of supporting the commercial apartment industry’s dominant participants.

About Yardi

Yardi (yardi.com) has been committed to the design, development and support of real estate investment management and property management software for three decades. With the Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™, Yardi Voyager™ is a full business real estate management platform that includes revenue management, marketing, leasing, CRM, operations, accounting, ancillary services and investment management with portfolio-wide business intelligence and platform-wide mobility. Yardi serves clients around the world from offices in North America, Asia, Australia, Europe and the Middle East.

 
 
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Agency / Source: Yardi Systems, Inc.

 
 

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Yardi Acquires Pierce-Eislen

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Contact: Joel Nelson - Yardi.com 
805-699-2040 x1255 joel.nelson[.]yardi.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Yardi Systems, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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