SANTA BARBARA, CA-Locally based Yardi Systems has acquired Point2 Technologies Inc. Headquartered in Saskatoon, Saskatchewan with offices in Vancouver, British Columbia and San Diego. Point2 develops, markets, and supports online marketing software solutions for the real estate industry. Point2’s entire management and staff will remain with the company.
The company also develops, markets, and supports inventory management and online marketing software for the heavy equipment industry. Customers are located in over 120 countries.
The acquisition will further strengthen the Point2 brand and position in the listing syndication and website marketplaces, according to a prepared statement. “Point2’s strengths and solid market penetration create a significant growth opportunity for our companies,” says Anant Yardi, president of Yardi Systems. “We look forward to capitalizing on Yardi’s capabilities in combination with Point2’s expertise and traction to take the business to the next level.”
Saul Klein, Yardi senior vice president of Point2 and former chief executive officer of Point2 points out that “Point2 is very excited to become part of Yardi, one of the largest and most successful software companies in real estate today. Our vision and cultures are a perfect match.” He adds that “The combination of Point2 and Yardi puts us on a fast track of innovation that will serve our customers and business partners well across the industries that we serve.”
Earlier this year, Yardi also acquired New York City-based PropertyShark as GlobeSt.com previously reported. Yardi acquired PropertyShark “to integrate deep property data into the Yardi suite of real estate investment management and property management software,” according to a statement by the Santa Barbara-based company.
That purchase of PropertyShark also followed Yardi’s previous acquisition of Waltham, MA-based RentGrow. That acquisition, according to Yardi Systems founder, enabled Yardi to “meet a growing demand among multifamily housing providers to incorporate credit checks, rental payment history searches, background checks, and other applicant screening functions into their core property management system.”
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
