There are three typical reasons why an acquisition takes place: the acquired company has expertise the acquirer wants, the move expands the range of customers and business partners for non-organic growth, and the acquirer eliminates a competitor.
It seems like Yardi may have accomplished all three in its acquisition of CloudVO. The former called the latter "the San Francisco-based online reseller of virtual offices, meeting rooms and other workplace services" in a press release announcing the transaction.
"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. We are looking forward to continuing this journey with Laurent and his team," said Rob Teel, Yardi president of commercial, in the release.
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