This Research Note explores what’s behind Yardi Systems’ recent acquisitions of Hubble and Deskpass in the coworking sector. We focus on Yardi’s strategic rationale for acquiring these two firms, the company’s prior acquisitions in the sector, and the current state of coworking in the office market. Yardi Profile Founded in 1984 by Anant Yardi and headquartered in Santa Barbara, California, Yardi Systems Inc. is a private company offering property and facilities management software for real estate companies. With $2 billion in revenue and around 10,000 employees working in over 50 offices throughout North America, Europe, Middle East, Asia and Australia, the company is a key player in the PropTech sector. Deskpass & Hubble Acquisitions Founded in 2010, Chicago-headquartered Deskpass offers a booking platform for coworking and flexible workspace. Deskpass’ global network of partner locations enables individuals and enterprise clients to instantly book desks, meeting rooms, and private offices on demand. In February 2024, Deskpass and […]
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