Yardi Systems announced today that it has acquired PropertyShark, creators of PropertyShark.com, the premier real estate data website.
SANTA BARBARA, CALIF., March 31, 2010 – Yardi Systems announced today that it has acquired PropertyShark, creators of PropertyShark.com, the premier real estate data website.
Yardi acquired the New York-based company to integrate deep property data into the Yardi suite of real estate investment management and property management software.
“PropertyShark’s aggregation of real estate data from hundreds of sources into a single property research website has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs like New York and Los Angeles,” said Gordon Morrell, Yardi’s executive vice president and chief operating officer. “Yardi acquired PropertyShark to expand the service nationally, strengthen our suite of products, and provide our clients with fully integrated access to detailed property information.”
“When I founded PropertyShark in 2002, I wanted access to the hard-to-reach property information held by sellers, city agencies and brokers so I could make informed decisions about real estate investments I was considering,” said Matthew Haines, PropertyShark’s founder. “To see the concept taken from one neighborhood in New York City into the hands of one of the largest and most successful real estate software companies is a victory for everyone involved in buying, managing, and selling real estate based on transparent and comprehensive research.”
About Yardi
Yardi Systems has been committed to the design, development, and support of real estate investment management and property management software for more than 28 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 PropertyShark
Founded by Matthew Haines in December 2002, PropertyShark offers the information essential to evaluate real estate and make informed decisions. PropertyShark.com, which was named one of TIME.com’s “Top 50 Websites of 2009,”” provides real estate professionals, investors and home buyers with data, tools and educational classes on all aspects of property, including building details, ownership information, recent sales prices, property values and comparable sales, sophisticated maps, for sale and for lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and more, available directly from the Web. For more information or a free basic account, visit www.PropertyShark.com.
Trade Media Contact: Joel Nelson 805.699-2040, ext. 1255