Why the low profile for a company as large and intrinsic to multifamily technology as Yardi Systems?
Yardi: Yes, most people I don’t think realize that there even is a Mr. Yardi. It’s not particularly that I am trying to hide that fact, but this is a huge company with many talented people. Is it really important to know that there is a Mr. Yardi? Really the key question is: Are we providing the right product and providing the right service to our clients? As long as we get that done it is much better for the people who are doing the work to get the credit. MFE: Speaking of getting things done, Yardi just recently completed the acquisition of Energy Billing Systems. Can you tell us about the company’s growth philosophy? Yardi: I don’t know that we have well-defined formula for acquisitions. From time to time, things come our way, and there is always an ongoing discussion about whether we should build functionality in-house or should we purchase it? We find that wherever we can make an acquisition in a new area of interest to us, it bootstraps the process. Just by virtue of the acquisit
