RealPage Settles With Yardi

Carrollton, Texas-based RealPage, the developer of on-demand software for the rental housing industry, has settled a lawsuit with Yardi, a competing firm in the area of real estate and property management software. According to RealPage, the settlement includes a perpetual license between the firms, and will allow the firm to provide hosting of Yardi's software for five more years. RealPage also said it has agreed to stop offering hosting services for Yardi software to new customers and to stop providing support or implementation services for Yardi software. None of the financial details of the settlement were announced.