Yardi Acquires Self-Storage Software Provider Centershift

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Real estate software firm Yardi Systems has acquired Centershift Inc., a provider of management software for the self-storage industry. The Centershift team will continue to serve customers from its Salt Lake City offices.

“We are extremely pleased to be joining the Yardi team,” said James Hafen, president and CEO of Centershift. “We have long recognized that the self-storage industry was underserved when it came to technology. The breadth of services that Yardi brings to the table surpasses everything self-storage operators have come to expect from the technology available to them today. Joining Yardi introduces new possibilities to this increasingly sophisticated market, and that is an exciting prospect for all of us.”

Yardi is a designer, developer and supporter of software for real estate investment management and property management. Its suite of programs  includes operations, accounting and ancillary processes, and services with portfolio-wide business intelligence and platform-wide mobility. The privately held firm has more than 500  employees.

“We are delighted to welcome the Centershift team and get to work leveraging our respective strengths to benefit the self-storage market,” said Gordon Morrell, executive vice president and chief operating officer for Yardi.

Launched in 2001, Centershift provides Internet-based rental-management and point-of-sale software solutions for the self-storage industry. Its clients include real estate investment trusts and ownership/management organizations of all sizes. The company’s Store Enterprise and Advantage applications were designed for integration with websites, call centers, Web aggregators, mobile devices, centralized mail services, corporate offices and other business systems.

Based in Santa Barbara, Calif., and founded 40 years ago, Yardi serves clients worldwide from offices in Asia, Australia, Europe, the Middle East and North America.

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