Company Response to Yardi
RealPage Media Statement Regarding Judge's Order Permitting Its Second Amended Counterclaims Against Yardi:
RealPage issued the following media statement concerning the Court’s Order dated February 13, 2012 rejecting a Yardi motion to dismiss RealPage's Second Amended Counterclaims in the lawsuit initiated against RealPage by Yardi Systems:
The Court's Order means that RealPage is able to pursue its counterclaims alleging Yardi's antitrust violations and anti-competitive conduct under federal and California law. In a previous order, the Court also decided that RealPage may continue to pursue its counterclaims alleging Yardi's misappropriation of trade secrets and its 'unlawful, unfair, or fraudulent business' conduct as prohibited by California law. We will continue to press one fundamental point: Yardi is not permitted to coerce customers to try to keep them from using RealPage’s products. RealPage believes that customers should be free to select their own cloud-services provider – Yardi does not.
To read the Court's Order dated February 13, 2012, please click on the following link: Order
To read RealPage’s Second Amended Counterclaims, please click on the following link: Second Amended Counterclaims
RealPage Media Statement Regarding Its Opposition to Yardi's Renewed Motion to Dismiss
RealPage issued the following media statement concerning its Opposition to Yardi's Motion to Dismiss the RealPage Second Amended Counterclaims, which was filed on October 17, 2011, in the lawsuit initiated against RealPage by Yardi Systems:
As detailed in RealPage’s previously filed Second Amended Counterclaims against Yardi:
- Yardi is attempting "to use its dominant position and stranglehold over its Voyager software customers to block them from using a product they want: the RealPage Cloud.”
- “Rather than innovate and invest in a superior architecture and infrastructure, Yardi is trying to impede the adoption of the RealPage Cloud through a campaign of customer interference and intimidation."
- "Yardi willfully and maliciously misappropriated RealPage's trade secrets through improper means."
In its latest court filing, RealPage demonstrates that Yardi's conduct violates the law. Customers "are unable to select RealPage’s Vertical Cloud Service not because they think Yardi’s competing service is better or cheaper, but instead because they cannot risk termination of access to Yardi’s Property Management Back Office Accounting Software. Yardi's restrictions limit customer choice." To read RealPage's Opposition to Yardi's Motion to Dismiss, please click on the following link:
RealPage Media Statement Regarding Yardi's Renewed Motion to Dismiss
RealPage issued the following media statement concerning a Motion to Dismiss the RealPage Second Amended Counterclaims filed by Yardi Systems, Inc. on September 30, 2011 in the lawsuit initiated against RealPage by Yardi Systems:
As detailed in RealPage’s previously filed Second Amended Counterclaims against Yardi:
- Yardi is attempting "to use its dominant position and stranglehold over its Voyager software customers to block them from using a product they want: the RealPage Cloud.”
- “Rather than innovate and invest in a superior architecture and infrastructure, Yardi is trying to impede the adoption of the RealPage Cloud through a campaign of customer interference and intimidation."
- "Yardi willfully and maliciously misappropriated RealPage's trade secrets through improper means."
RealPage remains confident in its legal position. To read RealPage’s Second Amended Counterclaims, please click on the following link: :
RealPage's Response to Amended Complaint
On September 12, 2011, RealPage filed a demand for jury trial and answer to Yardi Systems Inc.'s amended complaint in the lawsuit initiated by Yardi Systems against RealPage.
To read RealPage’s complete filing, please click on the following link:
RealPage's Second Amended Counterclaims
On September 2, 2011, RealPage filed second amended counterclaims detailing Yardi Systems, Inc.'s legal violations, and seeking damages and other relief.
To read the second amended counterclaims please click on the following link:
RealPage Media Statement Regarding Amended Complaint
RealPage issued the following media statement concerning an amended complaint filed by Yardi Systems, Inc. on August 15, 2011 in the lawsuit initiated against RealPage by Yardi Systems:
Yardi's Amended Complaint is yet another effort to limit competition by attempting to coerce clients to keep them from using RealPage’s products. RealPage offers innovative Cloud and SaaS services that can improve clients’ profitability while providing a real choice in the marketplace. We appreciate the continued support of our clients who have disregarded Yardi's coercive tactics.
RealPage has devoted many years and hundreds of millions of dollars developing its software products and strategically acquiring technology for those products. We are confident in our legal position, we remain focused on providing our clients with innovative on-demand software and cloud services and we strongly believe that the facts will show that RealPage in no way benefited improperly from access to or knowledge of any Yardi software or intellectual property.
RealPage Media Statement Regarding Motion to Dismiss Order
RealPage issued the following media statement concerning the Court’s Order dated August 11, 2011 granting in part and denying in party a motion to dismiss filed by Yardi Systems, Inc. in the lawsuit initiated against RealPage by Yardi Systems:
Motion to Dismiss Order
The Court was correct to rule that RealPage may continue to pursue Yardi's misappropriation of trade secrets and its 'unlawful, unfair, or fraudulent business' conduct as prohibited by California law. The Court also has given RealPage the opportunity to amend our other counterclaims. Through that process and others, we will continue to press one fundamental point: Yardi is not permitted to coerce customers to try to keep them from using RealPage’s products. RealPage believes that customers should be free to select their own cloud-services provider – Yardi does not.
To read the Court's Order dated August 11, 2011, please click on the following link:
RealPage Media Statement Regarding Amended Counterclaims
On May 18, RealPage issued the following media statement concerning its amended counterclaims in the lawsuit initiated against it by Yardi Systems, Inc.:
"RealPage amended its counterclaims adding additional detail describing how Yardi continues to unlawfully limit competition, innovation and customer choice in the market for vertically-integrated cloud services. These actions harm Yardi's own customers as well as all consumers in the market. As the amended counterclaims explain, ‘Yardi’s market power in the vertical cloud market is evidenced by its ability to prevent customers from exerting freedom of choice in selecting their vertical cloud providers.’ Yardi agreed to RealPage's filing of the amendment and the parties have agreed that Yardi should have until June 16, 2011 to respond to the amended counterclaims."
To read the amended counterclaims please click on the following link:
RealPage Media Statement
RealPage issued the following media statement concerning its response in the lawsuit initiated against it by Yardi Systems, Inc.:
"We believe that clients are interested in innovation, not litigation. Only RealPage offers on-demand software and cloud services created specifically for real-estate owners and property managers. That is what clients increasingly want, and that is what the market should be free to deliver.
We are confident in the position stated in our filing. As we explain: 'Rather than innovate and invest in a superior architecture and the infrastructure to offer its own viable cloud platform, Yardi is trying to impede the advance of a more efficient and desirable technology platform and sabotage the growth of RealPage through a wide-ranging campaign of client interference and intimidation.' We look forward to resolving this matter."
To read a letter to RealPage clients from company President Dirk Wakeham,
please click on the following link: Client Letter
To read RealPage’s complete filing, please click on the following link: Court Filing