Yardi Acquires German Software Company

Santa Barbara-based real estate management software developer Yardi Systems has acquired a German company, iMS Immobilien Management Systeme GmbH, a developer of commercial property management software, the companies said very late last night. Financial terms ofthe acquisition were not disclosed. Yardi said that iMS will become its new head office for Germany.YArdi's software is used for investment and property management by real estate investors and managers.