Yardi has announced the acquisition of We Are Forge Ltd (Forge), a Bristol, UK based software company that specializes in visitor management and smart access control for real estate assets including, office, retail, industrial, flexible workspace and the education sector. Founded in 2013, Forge is based in Bristol, UK. Forge designs and develops software that connects people and buildings. Forge Bluepoint Visitor Management, is currently used across 22 million sq ft of property in the UK by high profile companies including Landsec, HB Reavis, John Lewis and Partners, CBRE and Savills. The company’s Forge Bluepoint product is a cloud-based visitor management solution that connects to access control for many of London’s premier office buildings and allows companies to manage visitors flexibly and securely. From arrival and contactless smart access, Forge Bluepoint also integrates with other building technology such as meeting room access, lifts and car parking. “We are delighted to become part of the Yardi family. Working together, we will ensure Forge Bluepoint is the leading visitor management solution across the sectors we work in,” said Paul Speariett, co-founder and director of Forge. “This is an exciting phase for Forge and our team and we are greatly looking forward to the future and being part of Yardi’s end-to-end technology offering.” “We are excited to welcome the whole team at Forge to the Yardi family,” said Neal Gemassmer, vice president of international for Yardi. “This further demonstrates our commitment to invest in innovative teams and technology to better serve the industry.” To learn more, please visit:...

Yardi announced today the acquisition of CommissionTrac, an Atlanta-based software company that provides revenue management software for commercial real estate companies, with a focus on commercial brokerages. Founded in 2015, CommissionTrac’s software is used by small and large brokerages to manage workflows, from tracking deal pipeline to invoicing clients to paying out commissions to individual brokers. The CommissionTrac team will continue to support their existing clients, while also integrating the platform into Yardi’s CommercialEdge suite. CommercialEdge is a recent addition to Yardi’s suite of products, focused on commercial brokers’ needs. “At CommissionTrac, we’ve spent years developing a product to streamline the operations of a brokerage, while also providing greater visibility to brokers about their commissions,” said Turner Levison, cofounder and CEO of CommissionTrac. “By joining Yardi’s CommercialEdge division, we are excited to accelerate our impact in the commercial real estate space.” “We’re very pleased to welcome the CommissionTrac team to the Yardi family,” said Arjun Rao, senior director of global solutions at Yardi. “The team has built a strong product that perfectly complements our CommercialEdge suite, especially our marketing and deal management products. We are excited to work together to continue to add value to the commercial real estate space.” CommercialEdge, powered by Yardi, consists of marketing and deal management products, as well as a flagship research product that provides extensive property, listing, transaction, ownership and debt information across all commercial real estate asset types. Clients can use the platform to uncover vital market data and insights, market their own listings, and manage deals to execution. About CommissionTrac CommissionTrac was founded on the belief that managing a commercial real estate brokerage should be easier. Our mission is to allow a brokerage of any size to have the tools they need to organize everything from...

Yardi announced the acquisition of Phoenix Broadband Ltd., an innovative business technology firm specializing in infrastructure and hardware solutions for shared workspaces. Based in Stirling, Scotland, Phoenix Broadband is known for its Medusabusiness brand. Medusa is a service platform for managing technology resources in a shared workspace. When multiple companies share a common office space, access to secure, easy-to-manage technology is important. Centralizing access to cloud-based business networks, Internet, Wi-Fi, voice services and more, Medusa provides simple hardware and seamless IT for coworking spaces. “We are delighted to become part of the Yardi family, and through them, ensure Medusa is the leading network technology powering the boom of flexible workspace in the real estate industry,” said Tony Freeth, principal for Medusabusiness. “We believe our clients will benefit tremendously from Yardi’s investment in the future of coworking.” The team of 10 developers, help desk associates, sales and management team will continue to operate from its office in Scotland. Medusabusiness currently serves over 700 locations such as business centers, coworking spaces, real estate managers and IT firms, including more than 300 spaces in North America. “We are expanding our investments in the coworking arena.” said Gordon Morrell, executive vice president of Yardi. “Shared workspaces are a growing industry that bridges real estate and technology, areas that continue to be Yardi’s primary focus.” This is Yardi’s second recent acquisition in coworking technology. In late 2017, Yardi acquired WUN Systems, the Florida-based maker of a software management platform for coworking spaces. Many coworking spaces use both WUN’s platform and Medusa. Founded in 2002, Phoenix Broadband Ltd. is based in Stirling, Scotland. Serving the shared workspace market, clients include business centers, coworking spaces, real estate managers and IT firms. The company’s products deliver seamless IT management in shared workspaces....

Yardi announced today the acquisition of WUN Systems, an award-winning and fast-growing leader in the coworking and shared space market. WUN Systems is a provider of a workspace management platform delivering all the tools needed to manage a smart and connected workspace. WUN’s mission is to provide the blueprint for growth and efficiency in their members’ workspace. “We are excited to be part of such a dynamic and growing market segment,” said Gordon Morrell, executive vice president of Yardi. “With shared workspace on the rise, this gives commercial and residential real estate companies the flexibility to explore new revenue streams and customer retention strategies.” WUN Systems’ intelligent workspace management platform delivers the software, hardware, and support services required to open new shared workspaces, improve existing spaces, or monetize vacant or underutilized real estate with the goal to increase revenue, maximize productivity and build community for its members. WUN Systems now serves more than 80,000 members in 700 locations globally. The company’s team of over 90 engineers, programmers, service specialists, project managers and specialists will continue to operate from its offices in the United States, Canada, Mexico and India. “Yardi’s commitment to its clients and wanting to continually improve, innovate and grow is inline with our mission to fuel the space-as-a-service evolution. The synergy between the real estate market and the coworking and shared workspace market makes this relationship a natural fit and strengthens both of our offerings,” said Dale Hersowitz, CEO at WUN...

Yardi. has added another comprehensive software suite to its arsenal of tech tools. With the acquisition of Optimus EMR, Inc., announced Wednesday, the company will now provide a single platform for skilled nursing and long-term care facilities as a part of its Yardi Senior Living Suite. The suite offers integrated assessments, care plans and automated minimum data set (MDS), which will provide senior care providers with a seamless business solution for everything from enterprise resource planning (ERP) to electronic health records. Optimus, established in 2001, has grown exponentially since its inception and is currently operational in hundreds of facilities in more than 30 states. Craig Griffin, senior vice president for Optimus, hopes to continue this upward mobility by uniting with Yardi. “Teaming with Yardi creates an exciting opportunity to be part of a new era in electronic health records,” Griffin said. Eric Kolber, vice president of senior living at Yardi, enumerated the many benefits of an end-to-end software solution. “A single-stack solution is the most efficient approach to data management. The benefits include optimal staffing, maximized revenues, and improved resident care,” said Kolber. “Integrating the Optimus clinical suite enables us to broaden our services into skilled nursing, adult daycare, and home health, which are essential to long-term care.” Yardi’s most recent addition joins the ranks of its other recently acquired software services like MCEnergy, Inc., a provider of market insights and energy management services which Yardi acquired in August. In 2014, the company also added Enerliance, an intelligent HVAC optimization system, as well as Centershift, a self-storage management platform. In 2013, Yardi bought like-minded property and market research supplier Pierce-Eislen. Yardi plans to maintain and expand the current Optimus teams in Irvine, Calif. and Mansfield, Mass. This article first appeared in Commercial Property...

Energy management software from Yardi® promotes efficiency and savings following the company’s acquisition of energy services provider MCEnergy Inc. Energy management services from MCEnergy include contract negotiations with leading electricity, natural gas, fuel oil and green energy suppliers to provide reliable energy at competitive prices. Turnkey submetering solutions and energy and environmental tracking software give property managers access to energy, environmental and sustainability data and information. MCEnergy’s product offerings complement existing Yardi solutions for utility billing, energy management, submeter data administration and intelligent HVAC energy optimization software. “MCEnergy has been providing market insights and energy management services to Class A commercial and industrial clients for nearly 20 years. Teaming with Yardi is a great opportunity to strengthen and extend our offerings on a national level and provide these services to the residential as well as commercial real estate communities. We are thrilled to join Yardi,” said Margaret M. Carey, president of MCEnergy. “Yardi continues to focus on advancing our clients’ energy-related objectives by providing options to actively manage consumption, cut costs and support environmental initiatives within a single full-business software platform. Acquiring MCEnergy is the latest step toward that goal, and we look forward to welcoming their energy, real estate and software expertise to Yardi,” said Gordon Morrell, executive vice president of Yardi. About MCEnergy Inc. MCEnergy, based in Valhalla, N.Y., is a world-class energy information and procurement company. MCEnergy helps clients secure energy at competitive prices, meter and track energy usage, calculate carbon footprints, institute green initiatives, manage data exporting for clients participating in the EPA EnergyStar Program and maximize recovery of utility revenue. The company advises hundreds of companies, from Fortune 500 to medium and small energy users. In 2005, MCEnergy was awarded the Women-Owned Business Enterprise (WBE) certification by New York...

Yardi® announced this week that it has acquired Enerliance, a leading developer of energy efficiency software. Enerliance produces the Load Based Optimization System (LOBOS), an intelligent HVAC platform that significantly reduces energy consumption in large buildings and campuses.  LOBOS also enables automated demand response participation and system-level fault detection and diagnostics. “Joining the Yardi team combines the trust we have earned in the facilities marketplace with Yardi’s 30-plus years of leadership in developing innovative property and asset management solutions.  This is a winning combination for clients of both organizations,” said Raymond A. Pustinger, president of Enerliance. “LOBOS has saved energy, reduced costs, and increased tenant comfort wherever it has been installed, through a combination of building intelligence, efficiency algorithms, and demand response technology. Adding it to our product offerings provides building owners and operators with a single platform for energy management that generates cost savings and furthers our clients’ and Yardi’s environmental initiatives,” said Gordon Morrell, executive vice president and chief operating officer for Yardi. Enerliance team members will continue serving customers from their offices in Irvine, Calif. Enerliance, founded in 2005, is the company behind the Load Based Optimization System (LOBOS), an intelligent optimization system for large-scale air conditioning systems that offers improved comfort, energy efficiency and fully automated demand response capability that improves bottom lines for building owners and occupants.  LOBOS delivers more than 32 megawatts of fully automated demand response capability to the grid along with more than $5 million in annual energy savings.  Enerliance has earned numerous industry accolades, including recognition by CIO magazine, one of the most highly regarded publications in the information technology industry, as one of the 20 most promising utilities solutions providers in 2013.  For more information, visit...