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New Deal


Announced

Completed

Yardi completed the acquisition of CloudVO.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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workplace services

workplace company

United States

virtual offices services

Property Services

Acquisition

Private

Friendly

Single Bidder

Domestic

Majority

Completed

Synopsis

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Yardi, a software corporation, completed the acquisition of CloudVO, the San Francisco-based online reseller of virtual offices, meeting rooms, and other workplace services. Financial terms were not disclosed. "We are thrilled that CloudVO is now part of Yardi. Our partners will benefit from the Yardi listing service with infinitely more reach and strength than CloudVO could provide on its own, with seven on-line listing sites that combine over 3m visitors monthly. Our customers will be exposed to a larger inventory and better choices for their online bookings and purchases of workplace services, including meeting rooms, private offices and virtual offices," Laurent Dhollande, CloudVO CEO.

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