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M&A Deal Summary

Yardi Systems Acquires ista Multifamily Solutions Group

On May 29, 2012, Yardi Systems acquired business services company ista Multifamily Solutions Group from ista North America

Acquisition Highlights
  • This is Yardi Systems’ 2nd transaction in the Business Services sector.
  • This is Yardi Systems’ 10th transaction in the United States.
  • This is Yardi Systems’ 2nd transaction in Georgia.

M&A Deal Summary
Date 2012-05-29
Target ista Multifamily Solutions Group
Sector Business Services
Buyer(s) Yardi Systems
Sellers(s) ista North America
Deal Type Divestiture

Target

ista Multifamily Solutions Group

Alpharetta, Georgia, United States
ista Multifamily Solutions Group is a provider of energy and water metering and utility billing. The Company's primary services include submetering, resident utility billing, utility expense management, convergent billing, vacant cost recovery and benchmarking and reporting. ista MSG principally serves the multifamily housing market where its systems and services are utilized in both newly constructed properties and in the retrofitting of existing properties.

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Buyer(S) 1

Buyer

Yardi Systems

Santa Barbara, California, United States
Category Company
Founded 1982
Sector Internet Software and Services
DESCRIPTION

Yardi Systems, Inc. designs, develops, and supports software solutions for real estate investment and property management.

DEAL STATS #
Overall 11 of 31
Sector: Business Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 2 of 3
Country: United States M&A 10 of 24
Year: 2012 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-01 Lead Tracking Solutions

Costa Mesa, California, United States

Lead Tracking Solutions Corporation provides lead tracking and management software solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-03 Pierce-Eislen

Scottsdale, Arizona, United States

Pierce-Eislen, Inc. is an online, subscription-based technology company providing up-to-the-minute data to the commercial multifamily housing industry.

Buy -

Seller(S) 1

SELLER

ista North America

Alpharetta, Georgia, United States
Category Company
Founded 1997
Sector Business Services
DESCRIPTION

ista North America, Inc. is a provider of business process outsourcing services for multifamily, manufactured housing, commercial, and retail energy clients.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Georgia M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 USI Energy

Alpharetta, Georgia, United States

USI Energy principal business is the reading, billing and collection ('RBC') of utility bills for multi-family apartment owners. Customers include most of the large apartment REITs in the U.S.

Buy -
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