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11 July 2007 — Santa Barbara, CA; London, UK; Amsterdam, The Netherlands — Yardi Systems, the global leader in asset and property management software, is pleased to announce Colliers International of Poland has selected Yardi Voyager™ with ASP Hosting Service to manage its diverse office, retail and industrial portfolio throughout Central and Eastern Europe.

Colliers International selected the browser-based Voyager program in an effort to create a more efficient work flow and documentation management system in conjunction with their parent company Colliers International of Vancouver, Canada. As the parent company, Colliers International Canada recently implemented Voyager and plans to go live with one thousand leases July 1, 2007.

Following the Canadian lead, Colliers International Poland, plans to implement Yardi Voyager across its whole portfolio over the next few months. “Our objective is to be the best asset and property management team in Poland, and we believe Yardi will help us achieve this goal,” says Peter Love, Head of Asset Management, Poland.

Terri Dowen, Senior Vice President, Yardi Systems added: “Yardi’s position as a global real estate software solution provider is perfectly illustrated by Colliers International’s decision to implement in both Canada and Poland. Colliers has ambitious goals for increased success in Central and East Europe and plans to roll-out Voyager across the region in phase 2. We are confident that Yardi will help them achieve these targets.”

About Colliers International
Colliers Macaulay Nicolls, Inc. (CMN), operating as Colliers International, is a leading international real estate services company that provides a full range of services to commercial real estate users, owners and investors worldwide. These services include brokerage, property management, hotel investment sales and consulting, corporate services, valuation, consulting and appraisal services, mortgage banking and research. Through greater knowledge and specialization, CMN strives to accelerate the success of all its clients, partners, professionals, management and staff. CMN is a FirstService Company (Nasdaq: FSRV; TSX: FSV.SV). CMN is the largest member firm of Colliers International, one of the world's top commercial real estate services organizations, with revenues over US$1.4 billion and 241 offices in 54 countries. CMN can be found on the Web at http://www.colliersmn.com.

About Yardi Systems
Yardi Systems, Inc. is the global leader in the design, development, and support of integrated Asset and Property Management software for organizations of all sizes. For more than 25 years, our technology and services have led the industry through responsiveness and innovation, becoming the premier application for real estate software solutions worldwide. Our software is client-driven and serves more than 15,000 businesses, corporations, and government agencies, representing more than 5 billion square feet of commercial space and 5 million residential units globally. Headquartered in Santa Barbara, California, Yardi Systems is a privately held corporation with offices throughout the United States, Canada, Europe, Asia, and Australia. More information about Yardi products and services may be found by visiting http://www.yardi.com
or call Juliet Machan on 01908 308400

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