Yardi Systems Wins Motion to Dismiss Selected RealPage Counterclaims

Aug 16, 2011, 08:30 ET from Yardi Systems, Inc.

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SANTA BARBARA, Calif., Aug. 16, 2011 /PRNewswire/ -- Yardi Systems, Inc. ("Yardi") today announced that on August 11, 2011, the United States District Court for the Central District of California dismissed all counterclaims filed against the Company by RealPage, Inc. (NASDAQ: RP) ("RealPage") for antitrust violations and interference with RealPage's customers.

In the intellectual property suit filed by Yardi against RealPage on January 24, 2011, Yardi alleges that RealPage has gained unauthorized access to Yardi's internal systems, has downloaded copyrighted and trade secret documentation, price lists, and other confidential information, and illegally maintains copies of Yardi's software on RealPage's systems. In subsequent court filings, RealPage admitted to accessing Yardi's password-protected internal website and to downloading Yardi information.  Yardi's claims against RealPage are proceeding through discovery.  Trial is set for August 12, 2012.

Yardi takes customer choice very seriously, and believes that its customers should have the right to a level playing field in order to select the vendor that best suits them.  Yardi believes that RealPage’s intellectual property violations are undermining this right.  In order to provide Yardi clients with the best choice, Yardi has created a certification program for interface partners. Yardi has over 70 interface partners (including RealPage) who provide services and functions that complement Yardi Voyager. Yardi is committed to protecting its proprietary resources, its business, and the interests of its clients.

The counterclaims dismissed by the Court were filed by RealPage in response to Yardi's suit.

The court dismissal order is available at www.yardi.com/US/Legal.asp.  

About Yardi

Yardi Systems has been committed to the design, development, and support of innovative software solutions for nearly 30 years. Yardi Voyager™ products offer solutions for owners and managers of residential and commercial properties. Yardi products are used to manage nearly 7,000,000 residential units and 7 billion square feet of commercial real estate. 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.

Contacts

Yardi Systems, Inc. Joel Nelson 800-866-1144 x1255 Joel.Nelson@yardi.com

Kelly Sullivan / Annabelle Rinehart ksullivan@joelefrank.com / arinehart@joelefrank.com Joele Frank, Wilkinson Brimmer Katcher 212-355-4449

SOURCE Yardi Systems, Inc.



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