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Yardi Announces Acquisition Of Cloudvo

Jun 06, 2023over 2 years ago

Acquiring Company

Yardi®

Acquired Company

CloudVO

Santa BarbaraSoftware

Description

Yardi®, the global leader in real estate software, today announced the acquisition of CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services.

Company Information

Company

Yardi®

Location

Santa Barbara, California, United States

About

Yardi® develops industry-leading software for all types and sizes of real estate companies across the world. With over 9,500 employees, Yardi is working with our clients to drive significant innovation in the real estate industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed