CB Richard Ellis Implements European Roll-out of Yardi`s Property & Asset Management Solution

LONDON--(Business Wire)--
Yardi Systems, the leading developer of software for investment, asset and
property management, announces that CB Richard Ellis has completed the second
phase of the roll-out of its Voyager Real Estate Business Solution.

CBRE first implemented Voyager in 2008 as the solution of choice to manage the
portfolio of properties held in cross-border funds as well as enabling a more
seamless international approach to the property and asset management services
provided to their clients.

With over 12,000 tenants in more than 3,800 properties and approximately 10.6
million square meters of commercial space in their care, CBRE is one of the
largest property managers in Europe.

With an ever-growing portfolio spanning many European borders, this latest step
brings CBRE`s operations in Spain, France, Netherlands, Germany and Austria
on-line and is seen as a critical building block in the provision of increased
levels of service, supporting all Pan-European clients through a single,
integrated software platform.

Nigel Biggs, Head of European Property and Asset Management, CB Richard Ellis,
said: "The latest phase in our European roll-out of Yardi is significant as we
are now uniquely placed to offer Pan-European clients great efficiencies by
having all their financial and lease data on one system. This is coupled with
excellent local knowledge through our extensive European network. Clients
previously had multiple managers on multiple systems which made it impossible to
analyse data and make informed decisions quickly."

Richard Gerritsen, Regional Director, European Sales for Yardi, said: "With a
leading Property Management company like CBRE choosing Yardi, there is an
indicator that our solution is becoming the system of choice for Pan-European
Property Management. It`s an acknowledgment of our philosophy to support real
estate organisations provide better services and offer greater value to clients
by working on single integrated software platforms. It`s now seen as an accepted
business model."

About CB Richard Ellis

CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company
headquartered in Los Angeles, is the world`s largest commercial real estate
services firm (in terms of 2007 revenue). With over 29,000 employees, the
company serves real estate owners, investors and occupiers through more than 300
offices worldwide (Excluding affiliate offices).

CB Richard Ellis offers strategic advice and execution for property sales and
leasing; corporate services; property, facilities and project management;
mortgage banking; appraisal and valuation; development services; investment
management; and research and consulting. CB Richard Ellis is the only commercial
real estate services company named one of the 50 "best in class" companies by
Business Week, and was also named one of the 100 fastest growing companies by
Fortune. www.cbre.com.

About Yardi Systems, Inc.

Yardi Systems is a global leader in the design, development, and support of
integrated investment and property management software for fund and asset
managers, investor services providers, property managers and property
accountants. Yardi's software serves more than 15,000 clients, from small
locally operating organizations to global investment firms. Headquartered in
Santa Barbara (USA), Yardi has a global network of offices, among which offices
in Milton Keynes (UK), Amsterdam (Netherlands) and Düsseldorf (Germany). More
information about Yardi products and services may be found by visiting
www.yardi.com.

Yardi Systems
Martin Gedny - European Marketing Manager
+44 (0) 1908 308400
Martin.Gedny@yardi.com

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