Pierce-Eislen Acquired by Yardi

SCOTTSDALE, AZ-Locally based Pierce-Eislen, a supplier of property and market-level research and reporting of multifamily trends, has been acquired by Yardi Systems Inc., which provides real estate software products to the apartment sector. Pierce-Eislen sought out the merger with the Santa Barbara, CA-based Yardi to support an “aggressive growth strategy,” says company founder Pierce-Eislen Ronald Brock Sr.

“This union will help us bring the industry’s most complete and fully bundled information source to a national audience,” Brock notes. “Yardi’s recognized superiority in the real estate industry was a perfect fit, both synergistically and culturally.”