Centershift Acquisition

Self-storage technology leader

By Yardi Blog Staff on Mar 3, 2014 in News

Yardi^® announced today that it has acquired Centershift^®, an innovative technology leader focused on the self-storage industry.

The Centershift Store™ platform is the first fully cloud-based management system designed specifically for self-storage businesses. Understanding the benefits of a centralized data system, the industry’s largest and most powerful operators have adopted Store as the hub of their storage operations.

“We are extremely pleased to be joining the Yardi team,” said James Hafen, president and CEO for Centershift. “We have long recognized that the self-storage industry was under-served when it came to technology. The breadth of services that Yardi brings to the table surpasses everything self-storage operators have come to expect from the technology available to them today. Joining Yardi introduces new possibilities to this increasingly sophisticated market, and that is an exciting prospect for all of us.”

Hafen further commented, in a letter to his customers: “While we will continue to support our current software applications for as long as our clients want them, we will also begin working with Yardi to develop a self-storage management suite of products within the Yardi Voyager framework. The Yardi Voyager real estate management application services thousands of customers worldwide and offers a breadth of functionality far beyond what is found in the self-storage industry today. Yardi brings a game-changing platform that will accelerate our ability to achieve our overall goals for Centershift customers and the industry as a whole. The combination of Yardi’s immense resources and Centershift’s self-storage industry expertise will allow us to provide amazing benefits for our customers.”

Gordon Morrell, executive vice president and chief operating officer for Yardi, added, “We are delighted to welcome the Centershift team and to get to work leveraging our respective strengths to benefit the self-storage market.”

The Centershift team will remain in their Salt Lake City offices to continue serving their customers.

About Centershift

Centershift has been a trusted partner offering self-storage management software since 2001. Centershift’s goal is to help self-storage operators increase revenue, become more efficient, and reduce costs. Store Enterprise™ and Store Advantage™ are cloud-based applications that integrate seamlessly with websites, call centers, web aggregators, mobile devices, centralized mail services, corporate offices and other business systems. Centershift’s customer base includes small owners and management firms as well as some of the largest operators in the self-storage industry. For more information visit www.centershift.com