Leading global real estate software provider Yardi announced the acquisition of San Francisco-based CloudVO, an online reseller of virtual offices, meeting rooms and other workplace services. The addition solidifies Yardi’s position as the go-to platform for commercial real estate listings.
Yardi’s commercial listing service network has established itself as a prominent player in the commercial real estate sector, generating more than 20,000 leads per month for participating commercial property owners and coworking operators. It includes popular platforms such as CommercialCafe, CommercialSearch and PropertyShark, as well as CoworkingCafe, which is dedicated to promoting coworking services. However, all listing sites share the same extensive database, ensuring that operators receive maximum exposure by listing with any of the sites.
“We have closely followed CloudVO’s progress for many years now,” said Rob Teel, President of Yardi’s Global Solutions department. “It seemed that the time was right to incorporate their assets and intimate knowledge of coworking operators into Yardi. We are looking forward to continuing this journey with Laurent and his team.”
CloudVO CEO, Laurent Dhollande, expressed his excitement about the acquisition: “We are thrilled that CloudVO is now part of Yardi. Our partners will benefit from the Yardi listing service with infinitely more reach and strength than CloudVO could provide on its own, with seven online listing sites that combine over 3 million visitors monthly. Our customers will be exposed to a larger inventory and better choices for their online bookings and purchases of workplace services, including meeting rooms, private offices and virtual offices.”
As of June 1, CloudVO stopped accepting new orders, redirecting clients to CoworkingCafe. However, phone answering services will continue to be provided by CloudAnswering without interruption, as it was not part of the assets acquired by Yardi. CloudAnswering will remain a member of the Pacific Workplaces family of companies.
