Yardi Acquires CommissionTrac, Adding Value for Commercial Clients
SANTA BARBARA, CALIFORNIA , December 28, 2020 / PRNewswire / – Yardi® today announced the acquisition of CommissionTrac Atlanta-based software company providing revenue management software for commercial real estate companies with a focus on commercial brokers.
CommissionTrac’s software, founded in 2015, is used by small and large brokers to manage workflows, from tracking the deal pipeline to billing customers and paying commissions to individual brokers. The CommissionTrac team will continue to support its existing customers while integrating the platform with Yardi’s CommercialEdge suite. CommercialEdge was recently added to the Yardi range and is geared towards the needs of retail brokers.
“At CommissionTrac, we have spent years developing a product to streamline a broker’s operations while giving brokers better visibility into their commissions,” he said Turner Levison, Co-Founder and CEO of CommissionTrac. “By joining Yardi’s CommercialEdge division, we are excited to accelerate our impact in the commercial real estate space.”
“We are very excited to have the CommissionTrac team in the Yardi family,” he said Arjun Rao, Senior Director, Global Solutions at Yardi. “The team has developed a strong product that perfectly complements our CommercialEdge suite, particularly our marketing and deal management products. We look forward to working together to further enhance the value of the commercial real estate space.”
CommercialEdge, powered by Yardi, consists of marketing and deal management products as well as a flagship research product that provides comprehensive real estate, listing, transaction, ownership and debt information for all types of commercial real estate. Customers can leverage the platform to uncover key market data and insights, market their own offerings, and manage deals through execution.
CommissionTrac was founded on the belief that running a commercial real estate agent should be easier. Our mission is to provide a broker of all sizes with the tools they need to organize everything from deals to bookkeeping and brokerage commissions. Brokers across the country use CommissionTrac to streamline and automate their brokerage operations and increase agent satisfaction. Visit Commissiontrac.com for more information.
Yardi® develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Yardi was founded in 1984 and is based in Santa Barbara, Californiaand serves customers worldwide. For more information on how Yardi will be powered for tomorrow, please visit yardi.com.