by Brianna Crandall — November 27, 2017 — Property management software provider Yardi recently announced the acquisition of WUN Systems, an award-winning and fast-growing leader in the coworking and shared workspace market.
WUN Systems’ KUBE by WUN workspace management platform for coworking and shared workspace delivers the software, hardware, and support services required to open new shared workspaces, improve existing workspaces, or monetize vacant or underutilized space with the goal to increase revenue, maximize productivity and build community for its members. The platform empowers operators and members with greater accessibility when it comes to billing, booking spaces, managing opportunities and communication.
WUN Systems now serves more than 80,000 members in just under 500 locations globally. The entire team of 80+ engineers, programmers, service specialists, project managers and management team will continue to operate from its offices in the United States and India.
Gordon Morrell, executive vice president of Yardi, stated:
We are excited to be part of such a dynamic and growing market segment. With shared workspace on the rise, this gives commercial and residential real estate companies the flexibility to explore new revenue streams and customer retention strategies.
Dale Hersowitz, CEO at WUN Systems, remarked:
Yardi’s commitment to its clients and wanting to continually improve, innovate and grow is in line with our mission to fuel the space-as-a-service evolution. The synergy between the real estate market and the Coworking and shared workspace market makes this relationship a natural fit and strengthens both of our offerings.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi is based in Santa Barbara, California, and serves clients worldwide.