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Yardi acquires self-storage management platform

By   /   Monday, March 3rd, 2014  /   Comments Off

Goleta-based real estate software firm Yardi Systems has acquired Centershift, maker of a cloud-based platform for self-storage facilities. Terms of the deal were not disclosed.

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Goleta-based real estate software firm Yardi Systems has acquired Centershift, maker of a cloud-based platform for self-storage facilities. Terms of the deal were not disclosed.

Yardi said the Centershift Store platform is the first fully cloud-based management system for self-storage facilities. Centershift will continue to be based out of its Salt Lake City offices after the deal closes.

Yardi is one of the biggest players in property management software, with its software being used to market and manage large portfolios of commercial property, particularly apartment complexes. The privately held firm is one of the largest private companies based in the Tri-Counties and one of the largest employers on the South Coast, with 519 employees as of last year.

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