AppFolio files for $100M IPO
Goleta-based AppFolio filed with U.S. regulators May 18 for an initial public offering. The developer of cloud-based property management software listed $100 million as the initial fundraising target, however the size the IPO could change. The company did not stipulate how many shares it plans to sell. The move comes on the heels of Read More →
Yardi goes head-to-head with software rival
Goleta-based Yardi Systems is jumping back in the legal ring to defend its intellectual property less than a year after settling another high-profile case over its software and services. Yardi is one of the biggest players in property management software and among the largest privately held companies in the region. In late October, Yardi filed a lawsuit in federal court in Los Angeles against Utah-based Property Solutions International.
Software firms settle corporate espionage feud
Goleta-based Yardi Systems appears to have scored a victory in the settlement of a corporate espionage lawsuit filed against its largest competitor. Yardi makes software used by property owners and managers to run apartment complexes and corporate office buildings. It is likely the largest player in its industry, with 7 million residential units and 7 Read More →
Yardi buys insurance firm
Real estate software firm Yardi Systems said Aug. 16 that it has purchased Dallas-based Multifamily Insurance Group.
Court orders China to face lawsuit claims
A federal judge has said that Chinese firms being sued by a Santa Barbara software company cannot escape court proceedings in the United States after allegedly stealing the California company’s code.
Software firms trade espionage claims
The two largest property management software firms in the nation are locked in a court battle over alleged corporate espionage.