Announced
Completed
Synopsis
Entrata, a property management software provider, completed the acquisition of Colleen AI, a software company in Daytona Beach, Florida. Financial terms were not disclosed. "The acquisition of Colleen AI significantly accelerates our vision of Autonomous Property Management while immediately providing our customers with comprehensive AI capabilities, market-ready functionality, and a team of multifamily AI experts. Through this combination, operators can power end-to-end automated workflows and interactions. This, in turn, will allow teams to concentrate on meaningful resident connection and high impact tasks to positively impact the resident experience and, ultimately, NOI," Adam Edmunds, Entrata CEO.
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