The real estate software company Yardi has acquired CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services.
The financial terms of the acquisition were not disclosed. As of June 1, CloudVO ceased to take new orders and clients were being redirected to CoworkingCafe, a Yardi brand. Yardi, which is headquartered in Santa Barbara, California, operates a listing service network that includes the sites CommercialCafé, CommercialSearch and PropertyShark.
“We have closely followed CloudVO’s progress for many years now, and it seemed that the time was right to incorporate their assets and intimate knowledge of coworking operators into Yardi,” said Rob Teel, Yardi’s president of commercial. “We are looking forward to continuing this journey with Laurent and his team.”
“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,” said Laurent Dhollande, CEO of CloudVO. “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.”
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