RealPage, Inc. (RP: Quote) said it has entered into a comprehensive settlement of the litigation that has been pending with Yardi Systems, Inc. since January 2011.
Under the settlement, Yardi and RealPage have granted each other perpetual licenses and rights to substantially expanded interfaces so that clients can experience a more full-featured integration between RealPage and Yardi applications. Besides, the parties have established ongoing testing environments to ensure that the interfaces operate smoothly as designed. The expanded interfaces will operate on current and future versions of Yardi's Voyager 6.0 and both versions of the Voyager S platforms and current and future versions of RealPage's OneSite platform.
Besides, RealPage has been granted a license to certain patents related to the Yardi PopCard technology that improves a leasing agent's ability to manage incoming leads from diverse lead channels.
RealPage noted that it will continue providing Voyager hosting to current clients for five more years. The company has further agreed to stop offering hosting services for Yardi software to new customers and to stop providing support or implementation services for Yardi software.
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by RTT Staff Writer
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