Subscribe Us


Yardi Acquires CloudVO, a Reseller of Virtual Offices

Yardi Acquires CloudVO, a Reseller of Virtual Offices


Yardi Acquires CloudVO, a Reseller of Virtual Offices

Yardi, a global leader in real estate software, has acquired CloudVO, a San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services. The terms of the deal were not disclosed.

CloudVO's platform allows businesses to rent virtual offices, meeting rooms and other workspaces on a short-term basis. The company has a network of over 10,000 locations in the United States and Canada.

Yardi said the acquisition will allow it to expand its offerings to businesses that are looking for flexible workspace solutions. The company said it plans to integrate CloudVO's platform into its own software offerings.

"The acquisition of CloudVO is a strategic move for Yardi," said Scott T. Melker, Yardi's CEO. "It will allow us to meet the growing demand for flexible workspace solutions from businesses of all sizes."

CloudVO's CEO, Laurent Dhollande, said the company is excited to join Yardi. "Yardi is the leading provider of real estate software," he said. "We are confident that our combined businesses will be well-positioned to meet the needs of our customers."

The acquisition of CloudVO is the latest in a series of moves by Yardi to expand its offerings to businesses. In 2022, Yardi acquired PropertyShark, a real estate data provider.

Yardi's move into the virtual office market is a sign of the growing popularity of these types of workspace solutions. The global virtual office market is expected to grow from $12.5 billion in 2021 to $20 billion by 2028.

The growth of the virtual office market is being driven by a number of factors, including the rise of remote work, the increasing cost of office space, and the growing demand for flexibility from businesses.

Yardi's acquisition of CloudVO is a significant move that will allow the company to capitalize on the growth of the virtual office market.

Post a Comment

0 Comments