Tuesday, June 14, 2016
Yardi Buys Proliphix
Santa Barbara-based property management software developer Yardi has acquired Proliphix, a Massachusetts-based developer of energy management hardware and software, according to the company. Financial terms of the acquisition were not announced. Proliphex is a developer if Internet Protocol (IP) enabled thermostats, along with associated remote management software, used for controlling heating, ventilation, and air condition systems for large enterprises. According to Yardi, it will use the acquisition to boost its expertise in energy management. Proliphix currently sells its systems to retailers, restaurants, financial, and government customers.