International Property Services BV Selects Yardi Voyager Property Management Platform

AMSTERDAM, The Netherlands, May 13, 2011 - Yardi Systems, one of the leading developers of software for
investment, asset and property management, announces that International
Property Services BV has selected Yardi Voyager(TM) as its integrated
property management platform.

IPS is an independent real estate service company with 1.2
billion euros of commercial real estate under management. The company
specialises in commercial Dutch real estate property management across mixed
sectors, including offices and business units.

The combination of strong year-on-year growth and in-house
commercial, technical and administrative management prompted IPS to search
for a software solution that would not only exceed operational requirements
but support on-going strategy of business development.

IPS had previously been using multiple systems and spread
sheets to manage its real estate holdings. By contrast, Voyager's single,
centralised, integrated platform will hold IPS's consolidated property data
in one secure database that offers real-time access to information vital to
the day-to-day management of the business.

With Voyager's single database and automated reporting
tool-set IPSensuresthat the reporting process is accurate, efficient and
streamlined. As a result, IPS will spend less time compiling spread sheets
and more time serving clients.

"Previously the company relied on non-specific systems and
spreadsheets to gain visibility of the information we needed to develop our
business," explains Erik Slettenhaar, owner of International Property
Services BV. "The Voyager platform provides the base to greatly improve the
quality and availability of management information, delivering great
improvements in the services we offer clients and ultimately providing a base
to develop growth and win more business."

"We are very pleased to welcome IPS on board as a client,"
comments Richard Gerritsen, regional sales director for Yardi Systems in
Europe. "The efficiencies and transparency of the Yardi platform reflect how
Voyager facilitates a scalable platform for successful organisations that are
growing to the next level."

About IPS

IPS property managers have many years of experience managing Dutch
commercial real estate. From large institutional investors to private owners,
our clients can rely on the services of IPS. Besides our regular services,
property management, asset management and financial management, we are also
able to fulfill the specific needs of our clients with our 'tailor-made'
services. IPS operates completely independently and is not connected to any
bank or broker.

IPS Unique: IPS considers the assets as their own property. This
perspective, due to the experience of managing real estate for years, is
unique in the market and is highly respected by our clients today. On the
basis of state-of-the-art real estate management software, IPS operates fully
web-based. Our clients have insight in their portfolio anywhere, at any time.
This means we optimize the needs not only of our clients but also of our
tenants.

IPS Today: Today IPS has approximately EUR1.2 billion of Dutch commercial
and industrial properties under management. For EUR800 million of this
portfolio, IPS also performs all the property management tasks. Our portfolio
is managed by a team of 18 professionals. For more information go to
www.internationalpropertyservices.nl.

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(TM) system is the most
comprehensive single real estate 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 www.yardi.com.

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

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