{"id":1004196008,"date":"2017-11-03T07:54:28","date_gmt":"2017-11-03T15:54:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196008"},"modified":"2022-12-08T09:22:07","modified_gmt":"2022-12-08T17:22:07","slug":"yardi-acquires-wun-systems","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/","title":{"rendered":"Yardi Acquires WUN Systems"},"content":{"rendered":"<p>By IvyLee Rosario<\/p>\n<div id=\"attachment_1004196189\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004196189\" data-attachment-id=\"1004196189\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/gordon-morrell\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 20D&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1181553101&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;75&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Gordon Morrell\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Gordon Morrell, Executive Vice President, Yardi Systems&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg?w=800\" class=\"wp-image-1004196189 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\" alt=\"Gordon Morrell\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004196189\" class=\"wp-caption-text\">Gordon Morrell, Executive Vice President, Yardi Systems<\/p><\/div>\n<p>Yardi has&nbsp;acquired&nbsp;WUN Systems, a fast-growing leader in the co-working and <a href=\"https:\/\/www.commercialsearch.com\/news\/short-stays-why-temporary-rentals-are-becoming-a-permanent-solution-2\/\">shared workspace market<\/a>. WUN Systems\u2019 workspace management platform delivers the software, hardware and support services to open new shared workspaces, improve existing workspaces or monetize vacant or underutilized space, with the goal of increasing revenue, maximizing productivity and building communities for its members.<\/p>\n<p>WUN Systems serves more than 80,000 members in&nbsp;close to 500 locations globally. The company&#8217;s management team, along with more than 80 engineers, programmers, service specialists and project managers will continue to operate from offices in the U.S. and India. WUN Systems features community messaging; a member directory; a space management system that tracks automatic payments and can be integrated with current billing applications and merchant services; a space and meeting room booking software that allows members to book, confirm and manage reservations; real time reporting of potential opportunities and revenue growth; and KUBE by WUN that allows users to connect with new leads instantly and track current space opportunities.&nbsp;<\/p>\n<h2>Co-working here to stay&nbsp;<\/h2>\n<p><em>&#8220;The acquisition of WUN adds the top provider of software and technology for co-working and shared workspace to Yardi\u2019s suite of products. This is one of the fastest growing trends for offices workers, and is especially popular with Millennials,&#8221;<\/em> Gordon Morrell,&nbsp;executive vice president of Yardi, told <em>Commercial Property Executive.<\/em><\/p>\n<p>According to the U.S. Bureau of Labor Statistics, independent workers will total&nbsp;40 percent of the workforce over the next five years, up from 30 percent today. With more people traveling, creating new businesses and in need of quick and flexible workspaces, co-working has become a lasting alternative in the market.<\/p>\n<p><em>&#8220;According to a recent article in Forbes Magazine, just&nbsp;10 years ago &#8216;the trend was almost unheard of, with only 14 documented coworking spaces in the United States. Now, there are more than 11,100, and we\u2019re projected to see more than&nbsp;26,000 spaces hosting 3.8 million people by 2020,'&#8221; <\/em>added Morrell.<em> &#8220;WUN brings Yardi a new client base and enables us to offer a new platform to our existing clients, many of whom are embracing this trend.&#8221;<\/em><\/p>\n<p>These spaces offer a variety of leasing opportunities, coupled with vast tenant amenities&nbsp;such as&nbsp;daily cleaning, bike storage, office supplies, social events,&nbsp;package handling and 24\/7 access to the facilities.&nbsp;This movement is challenging traditional office spaces by offering a more open and collaborative environment. According to a 2015 MBO Partners Report, by 2020, the number of independent workers in America is expected to grow from today\u2019s base of 30.2 million to roughly 37.9 million, which includes both entrepreneurs and larger company employees, whether full- or part-time.&nbsp;<\/p>\n<h2>Recent acquisitions&nbsp;<\/h2>\n<p>Before acquiring WUN Systems, Yardi purchased Proliphix Energy Control Solutions in the summer of 2016. ECS introduced the industry&#8217;s first Internet Protocol thermostats in 2005 and uses cloud-hosted remote management software to provide inexpensive monitoring and control of heating, ventilation and air conditioning systems for large enterprises with small facilities.<\/p>\n<p>Yardi also acquired Optimus EMR in 2015, which provides a single platform for skilled nursing and long-term care facilities as part of its Yardi Senior Living Suite. The suite offers integrated assessments, care plans and an automated minimum data set,&nbsp;which provides senior care providers with a business solution for everything from enterprise resource planning to electronic health records.<\/p>\n<p>That same year, Yardi also purchased MCEnergy, which includes contract negotiations with leading electricity, natural gas, fuel oil and green energy suppliers to provide reliable energy at competitive prices. MCEnergy\u2019s product offerings complement existing Yardi solutions for utility billing, energy management, submeter data administration and intelligent HVAC energy optimization software.<\/p>\n<p><em>Images courtesy of&nbsp;Yardi Systems&nbsp;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WUN is a top provider of software and technology for co-working and shared workspace markets. The company has more than 80 employees who will continue to operate from offices in the U.S. and India.<\/p>\n","protected":false},"author":746,"featured_media":1004196189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,22251,23891,21742],"tags":[42461,38211,38213,38212,38214,38190],"class_list":["post-1004196008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-in-focus","category-national","category-latest","tag-coworking","tag-gordon-morrell","tag-mcenergy","tag-optimus-emr-inc","tag-proliphix","tag-yardi-systems"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Acquires WUN Systems - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yardi Acquires WUN Systems\" \/>\n<meta property=\"og:description\" content=\"WUN is a top provider of software and technology for co-working and shared workspace markets. The company has more than 80 employees who will continue to operate from offices in the U.S. and India.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-03T15:54:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T17:22:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"IvyLee Rosario\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/\",\"name\":\"Yardi Acquires WUN Systems - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\",\"datePublished\":\"2017-11-03T15:54:28+00:00\",\"dateModified\":\"2022-12-08T17:22:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg\",\"width\":800,\"height\":620,\"caption\":\"Gordon Morrell, Executive Vice President, Yardi Systems\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Yardi Acquires WUN Systems\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780\",\"name\":\"IvyLee Rosario\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67\",\"caption\":\"IvyLee Rosario\"},\"description\":\"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Yardi Acquires WUN Systems - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/","og_locale":"en_US","og_type":"article","og_title":"Yardi Acquires WUN Systems","og_description":"WUN is a top provider of software and technology for co-working and shared workspace markets. The company has more than 80 employees who will continue to operate from offices in the U.S. and India.","og_url":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2017-11-03T15:54:28+00:00","article_modified_time":"2022-12-08T17:22:07+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg","type":"image\/jpeg"}],"author":"IvyLee Rosario","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/","url":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/","name":"Yardi Acquires WUN Systems - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg","datePublished":"2017-11-03T15:54:28+00:00","dateModified":"2022-12-08T17:22:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg","width":800,"height":620,"caption":"Gordon Morrell, Executive Vice President, Yardi Systems"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/yardi-acquires-wun-systems\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Yardi Acquires WUN Systems"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/f2094ece0e063845f848c7f1c7b84780","name":"IvyLee Rosario","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/IvyLee_Rosario.jpg?w=67","caption":"IvyLee Rosario"},"description":"IvyLee Rosario is a Senior Associate Editor for Commercial Property Executive and Multi-Housing News. She has a background in Journalism and joined the team in 2016. She produces the MHN Daily newsletter, manages byline content, oversees the Research Center for both brands and hosts the Multifamily's Top Marketers podcast. Connect with her here\u2014Twitter: @IvyLeeRosario and LinkedIn: https:\/\/www.linkedin.com\/in\/ivyleerosario\/","url":"https:\/\/www.commercialsearch.com\/news\/author\/ivyleerosario\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/gordon-morrell-.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004196008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/746"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004196008"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004196008\/revisions"}],"predecessor-version":[{"id":1004271698,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004196008\/revisions\/1004271698"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004196189"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004196008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004196008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004196008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}