Yardi Files Its Answer and Responds to Property Solutions’ Counterclaims

Business Wire

SANTA BARBARA, Calif.--(BUSINESS WIRE)--

On February 3, 2014, Yardi Systems, Inc. filed its Answer to Property Solutions International, Inc.’s Counterclaims. Property Solutions’ Counterclaims were part of its response to Yardi’s lawsuit for copyright infringement, misappropriation of trade secrets, and intentional interference with contractual relations.

When Yardi approached Property Solutions with concerns, including whether Property Solutions had surreptitiously copied and used Yardi’s Voyager® software and developed a competing product, Property Solutions was evasive and flatly denied that it had a copy of Yardi’s Voyager software. Yardi pursued these concerns, but eventually Property Solutions ignored Yardi’s questions altogether leaving Yardi no choice but to file its lawsuit.

The lawsuit forced Property Solutions to admit that it did in fact have a copy of Yardi’s Voyager software and that it obtained and used other Yardi information. Additionally, it is now known that Property Solutions was dishonest with Yardi when it said it was not creating a competing property management software system. Yet in its Counterclaims, Property Solutions appears to believe that its actions are excusable, in part because Yardi helped mutual customers address the problems caused by Property Solutions’ custom interface.

Contrary to Property Solutions’ Counterclaims, Yardi’s longstanding commitment to its customers is simply no excuse for flagrantly disregarding Yardi’s intellectual property rights—or for Property Solutions’ betrayal of Yardi’s trust. Yardi has always given its clients the freedom to choose the products and services that best meet their needs by allowing many other service providers, including competitors, to interface with Yardi software. However, Yardi must defend its intellectual property rights.

For over 30 years Yardi’s mission has been guided by a commitment to customer service, integrity, communication—and trust. This lawsuit may change the relationship between Yardi and Property Solutions, but it will not alter Yardi’s demonstrated commitment to its customers.

A complete copy of Yardi’s Answer is available on-line here.

About Yardi Systems, Inc.

Yardi serves clients around the world from offices in North America, Asia, Australia, Europe and the Middle East. Yardi’s flag-ship Voyager® 7S is the latest and most dynamic version of Yardi’s powerful and fully integrated software-as-a-service (SaaS) real estate and property management platform. Voyager 7S with the Yardi Multifamily Suite™, Yardi Commercial Suite™ and Yardi Investment Suite™ provide single sign-on, universal browser compatibility and mobile-enabled marketing, leasing, CRM, operations, accounting and investment management tools, ancillary services, and portfolio-wide business intelligence. To learn more visit www.yardi.com.

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