Yardi Systems Supports OSCRE Delivery of Standards Based Technology

LONDON, July 14, 2011 /PRNewswire/ --

Yardi Systems, one of the leading global developers of real estate software for investment, asset and property management was pleased to play a key role as OSCRE unveiled standards based technologies that will enable substantial new efficiencies for organisations involved in the UK property management market.

For the last 6 months Yardi Systems has been an active participant in a collaborative working group, managed by OSCRE, with a focus on interoperability and an aim to demonstrate how standards based technology can improve the way real estate is managed.

More than eighty Investment Management, Property Management, Legal and Software companies attended a live demonstration of new technology at OSCRE's July 5^th launch event held at Eversheds in London. The demonstration proved how standards compliant technology can enable quick, easy, accurate creation and rapid communication of lease summary documents; business critical information that lies at the heart of property asset management.

Yardi Systems has been a long term supporter of real estate standards and has been involved with OSCRE and its predecessor Pisces since its UK inception more than 12 years ago. During this time, the company has offered a range of fully compliant solutions as standards have developed.  John Bennett, European Vice President for Yardi Systems joined the OSCRE board in January 2011.

About OSCRE (the Open Standards Consortium for Real Estate)

OSCRE is a not for profit market led initiative that facilitates increased business productivity through the development and delivery of standards across the real property sector.

OSCRE's mission is to drive the standards development process among key real estate stakeholders, including owners, tenants/occupants, investors, operators, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers - to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. OSCRE is the only global e-commerce standards body for the real property sector.

The organisation is funded by its members, whose valued financial and professional contribution enables the continuation of the work of OSCRE.

For more information please visit our website at http://www.oscre.org.

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. The Yardi Voyager™ system is the most comprehensive single real estate software 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 http://www.yardi.com.

Press Contact:
Martin Gedny - International Marketing Manager
Yardi Systems Limited
+44(0)1908-308400
Martin.gedny@yardi.com