Yardi Systems has announced its acquisition of Point2 Technologies Inc. Headquartered in Saskatoon, Saskatchewan with offices in Vancouver, British Columbia and San Diego, Calif., Point2 develops, markets, and supports online marketing software solutions for the real estate industry. 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.
Point2’s entire management and staff will remain with the company.
The acquisition will further strengthen the Point2 brand and position in the listing syndication and website marketplaces.
“Point2’s strengths and solid market penetration create a significant growth opportunity for our companies. 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,” said Anant Yardi, president of Yardi Systems.
“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,” said Saul Klein, Yardi senior vice president of Point2 and former chief executive officer of Point2. “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.”