By Greentech Lead America: Yardi, a designer and
developer of real estate investment management and property management
software, has acquired ista North America’s Multifamily Services Group (MSG), a
supplier of energy and water metering, billing and management services. With
this acquisition, Yardi is looking to be one of the largest providers of energy management services in the U.S., serving more
than 700,000 apartment units.
Employees from ista MSG will join Yardi and remain in
their existing offices in Alpharetta, Jacksonville, Fla., and San Diego to
continue serving their clients. With these new resources Yardi anticipates
significant growth in their BPO business.
“Yardi is excited about adding nearly 200 employees
from ista MSG’s three offices. They will work with 170 members of Yardi’s YES
Energy Management team in Colorado Springs, Colo., to support the industry’s
growing demand for energy management services,” said Gordon Morrell,
executive vice president and chief operating officer for Yardi.
“We remain fully committed to continuing our
Business Process Outsourcing (BPO) activities for energy retailers in the U.S.
Our BPO division developed with high growth rates in the last years. The
agreement with Yardi will offer us new opportunities to focus on the rapid
development of the future BPO business,” said Ruediger Neubauer, CEO of
ista NA.
editor@greentechlead.com