Nakisa and IMNAT will combine their groundbreaking technology and networks to provide customers with increased value and the tools needed to quickly and strategically respond to the ever-evolving corporate real estate market, which is increasingly focused on centralizing and automating compliance and accounting operations.
FREMONT, CA: Nakisa, a self-funded global technology company specialized in enterprise business solutions, has acquired IMNAT Software, a cloud-based real estate management solution based in Montreal. IMNAT Software's technology will complement and extend Nakisa's existing lease accounting product line and address the increasing demand for global corporate real estate management solutions. The acquisition is set to close on January 1, 2021.
IMNAT Software was founded in 2011. Their core product, InfoSite, is a leading-edge corporate real estate management platform designed to centralize and manage corporate real estate accounts. Their dynamic platform streamlines corporate lease operations, features data-based reporting and dashboards, and manages data for leases, taxation, payments, and rent roll, among others. IMNAT's consumer portfolio comprises such private corporations as Dollarama, Lowe's Canada, and Transcontinental, as well as some of the largest public government institutions in Canada.
The Partnership Synergy
Nakisa and IMNAT will combine their groundbreaking technology and networks to provide customers with increased value and the tools needed to quickly and strategically respond to the ever-evolving corporate real estate market, which is increasingly focused on centralizing and automating compliance and accounting operations. With the incorporation of IMNAT's proprietary technologies to its financing engine, Nakisa will now have the capacity to provide a more robust end-to-end asset management offering, from lease management to lease accounting. Leveraging Nakisa's AI platform, Nakisa and IMNAT will merge their company-level data to create a more precise financial planning repository of information for trends and projections, augmenting business performance across the enterprise.
"I'm thrilled to add IMNAT's market-proven real estate management technology to Nakisa's lease management solutions portfolio," said Babak Varjavandi, Nakisa's CEO. "By combining the breadth of our lease accounting knowledge with their real estate expertise, we're poised to disrupt the corporate real estate market, which is currently reliant on outdated processes and PropTech legacy software. Our reimagined corporate real estate solution will offer customers a complete modern end-to-end solution that leverages the Nakisa Cloud Platform and provides full ITGC, GDPR, user management, and more," he added.
InfoSite will be integrated into the Nakisa product line and branded under the Nakisa umbrella. The IMNAT team, including CEO and co-owner Alexis Dénommée-Godin and co-owner Jean-François Bechard, will join Nakisa in January 2021.
"Joining Nakisa allows us to take our real estate expertise to the global market and fulfill a need that has a tangible impact on both businesses and people," said IMNAT's co-founder, Alexis Dénommée-Godin.
This acquisition is a new milestone in Nakisa's history and paves the way for a broad market penetration across corporate real estate and lease accounting.