Just before the New Year, Yardi acquired CommissionTrac, an Atlanta-based software company that provides revenue management software for commercial real estate companies, with a focus on commercial brokerages.
Founded in 2015, CommissionTrac’s software is used by small and large brokerages to manage workflows, from tracking deal pipeline to invoicing clients to paying out commissions to individual brokers. The CommissionTrac team will continue to support their existing clients, while also integrating the platform into Yardi’s CommercialEdge suite. CommercialEdge is a recent addition to Yardi’s suite of products, focused on commercial brokers’ needs.
“At CommissionTrac, we’ve spent years developing a product to streamline the operations of a brokerage, while also providing greater visibility to brokers about their commissions,” said Turner Levison, co-founder and CEO of CommissionTrac. “By joining Yardi’s CommercialEdge division, we are excited to accelerate our impact in the commercial real estate space.”
CommercialEdge, powered by Yardi, consists of marketing and deal management products, as well as a flagship research product that provides extensive property, listing, transaction, ownership and debt information across all commercial real estate asset types.
