CRE technology company Yardi announced that it had purchased Planimetron, a vendor of technology to manage space, occupancy, and performance data. Financial terms of the deal were not released.
Yardi will "rebuild and rebrand" the Planimetron space management product Propidex as Space Manager. It will become part of Yardi CommercialEdge.
"Space Manager will allow commercial real estate owners and managers to store, edit and share floor plans and site plans from one centralized location," a company press release said. As part of CommercialEdge and then also working with Yardi Elevate asset management applications, Space Manager can aid in marketing, leasing, forecasting, facilities, and construction operations.
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