The acquisition marks the expansion of HappyCo’s multi-family technology and services platform into Canada and Europe
SAN FRANCISCO, November 2, 2022 /PRNewswire/ — HappyCo, ta leading residential operations platform for collecting and using real-time rental property data, acquires TorontoYuhu-based, a comprehensive rental lifecycle management platform. The terms of the contract are not disclosed.
Yuhu’s operating platform is used by leading property owners and operators such as Boardwalk, CAPREIT and BentallGreenOak and serves over 500,000 prospects and residents across Canada and Europe.
“We have known the Yuhu team for some time and both companies share a similar culture and a common vision to improve the multi-family industry,” said HappyCo CEO Jindou Lee. “Merging our businesses expands our collective impact on the overall resident lifecycle and will allow us to capture more actionable data, create opportunities to improve resident experiences, and streamline property operations to ease the workload. day-to-day work of the teams on site.”
Yuhu’s cloud-based software for property owners and managers will be integrated with HappyCo’s “Happy Property Suites” and “Happy Force” products to provide a complete operating solution for customers and residents. The acquisition of Yuhu provides HappyCo with a resident-facing solution that significantly enhances its existing products and provides HappyCo’s customers with a cohesive product that provides an end-to-end view of the property lifecycle.
As part of the acquisition, current Yuhu employees will join the HappyCo team, including Hugues Kolias, CEO of Yuhu, who will join as executive vice president. Existing Yuhu customers will benefit from an expanded solution platform, accelerated product investment and broader support while enjoying service continuity.
“We are thrilled to partner with Jindou and the team at HappyCo to realize our shared vision of improving the quality of life for multi-family residents and operators,” said Kolias. “By bringing our teams and products together, we are able to offer our joint customer-partners an even better overall experience.”
Founded in 2011, HappyCo is the leading source of condition assessments and workflow tools for the multifamily market. Designed to automate, simplify and protect data collected during residential rental property inspections, the platform has unit data on more than 3.5 million multi-family and single-family rental homes, including one in eight professionally managed units in the United States. United. provides vital underwriting information to lenders, investors and asset managers, and empowers property managers with operational tools and real-time reporting. In 2021, HappyCo data was used in approximately 26% of all multifamily unit sales transactions in the United States. HappyCo also serves property managers, offering a full suite of applications to simplify processes, improve performance and generate comprehensive views of assets within a portfolio.
HappyCo is a real estate software company that develops mobile and cloud solutions to provide real-time operating data to property managers, asset managers, lenders and investors. Its software suite includes market-leading condition assessment and workflow tools with integrated data on over 3.5 million rental units. Founded in 2011 in Adelaide, Australiathe company is privately held with a remote workforce across the United States, Canadaand Australia.
Yuhu Inc. is a cloud-based multifamily operations platform that manages the entire rental lifecycle, from prospect to renewal. Yuhu’s product suite provides field teams with a single, comprehensive solution and access to consolidated data insights. Founded in 2015, Yuhu supports more than half a million residents, on-site employees and prospects for its client-partners, including Avenue Living, BentallGreenOak, Boardwalk, CAPREIT, Concert, Hollyburn, Campus Living Centers, Westdale and other leaders in the Canadian multifamily industry. .
Media Contact: Eric Nizguretsky, Great Ink Communications – [email protected](212) 741-2977