HappyCo, the residential operations platform for real-time rental property data collection and utilization, is acquiring Toronto-based Yuhu, a comprehensive rental lifecycle management platform. Terms of the deal were not disclosed.
Yuhu’s operations platform is utilized by top property owners and operators such as Boardwalk, CapREIT and BentallGreenOak and services over 500,000 prospects and residents across Canada and Europe.
“We’ve known the Yuhu team for quite some time and both companies share a similar culture and common vision to improve the multifamily industry,” said HappyCo CEO, Jindou Lee. “The merger of our firms broadens our collective impact on the overall resident lifecycle and will allow us to capture more actionable data, create opportunities to enhance resident experiences and streamline property operations to ease the daily workload of onsite teams.”
Yuhu’s cloud-based software for property owners and managers will be integrated into HappyCo’s Happy Property Suites and Happy Force products to offer a complete operations solution for customers and residents. The Yuhu acquisition provides HappyCo with a resident-facing solution that significantly enhances its existing products and offers HappyCo customers a cohesive product that delivers an end-to-end view of the property lifecycle.
As part of the acquisition, Yuhu’s current employees will join the HappyCo team, including Hugh Kolias, CEO of Yuhu, who will join as executive vice president. Existing Yuhu customers will benefit from an expanded solutions platform, accelerated product investment, and broader support while enjoying continuity of service.
“We are thrilled to join forces with Jindou and the HappyCo team to achieve our shared vision to enhance the quality of life for multifamily residents and operators,” said Kolias. “By bringing our teams and products together, we’re able to provide our mutual client-partners with an even better all-around experience.”
