Yardi Acquires Hubble, Expanding Flex Workspace Market
Deal News | Jan 16, 2025 | Aim Group
Global real estate management and technology provider Yardi has acquired the U.K.-based hybrid and flexible workspace marketplace Hubble. The acquisition aims to enhance Yardi's service offerings in the flexible workspace market and aligns with the growing trend towards remote and hybrid work environments. Founded in 2014 by Tushar Agarwal, Hubble connects companies with flexible workspace options and has built a strong presence in the U.K. market. The acquisition comes as companies increasingly seek adaptable workspace solutions amid evolving work trends. While the terms of the deal remain undisclosed, the acquisition is expected to strengthen Yardi's market position and provide new growth opportunities within the real estate and tech sectors.
Sectors
- Real Estate
- Technology
- Flexible Workspace
Geography
- United Kingdom – Hubble is a U.K.-based company, making this geography relevant to the acquisition as Yardi looks to expand its footprint in the U.K. market.
- Global – Yardi is a global company, and this acquisition reflects its strategy to enhance global offerings in the flexible workspace arena.
Industry
- Real Estate – This industry is relevant because Yardi operates in the real estate management sector, and the acquisition of Hubble is expected to expand its offerings in real estate.
- Technology – The acquisition involves technology as Yardi aims to expand its tech-driven offerings with Hubble, a platform offering hybrid and flexible workspace solutions.
- Flexible Workspace – Hubble operates in the flexible workspace marketplace, a sector experiencing growth due to the shift towards hybrid work environments.
Financials
- Undisclosed – The purchase price for the acquisition of Hubble by Yardi was not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Yardi | Acquiring Company | Company | A global real estate management and technology provider, acquiring Hubble to enhance its service offerings. |
| Hubble | Target Company | Company | A U.K.-based marketplace for hybrid and flexible workspaces, founded in 2014 by Tushar Agarwal. |