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.”
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