Yardi's acquisition of mortgage brokerage software developer CommissionTrac has enabled seed investor Cox Enterprises to exit.
CommissionTrac, a US-based mortgage broker software provider was acquired by property management software producer Yardi for an undisclosed amount yesterday, allowing communications and automotive services group Cox Enterprises to exit.
Founded in 2015, CommissionTrac provides software that helps mortgage brokers manage their business operations. The platform can help manage tasks such as tracking deal pipeline, invoicing clients and paying commission to brokers.
The software will be integrated into Yardi’s CommercialEdge product suite, while CommissionTrac’s employees will continue to support its…
