Aareon AG has bought housing repairs and maintenance software provider Fixflo for an undisclosed sum.
Commenting on its acquisition, Aareon said that Fixflo offers a “best-in-class SaaS solution” that connects housing providers, tenants and contractors on a dedicated platform for repairs and maintenance. Fixflo was started in 2012 and its software is now used to manage around 1.2 million properties for 1,500 customers.
Dr Manfred Alflen, CEO, Aareon AG, said, “By acquiring this high-growth SaaS company in the market for property managers, we are further expanding our position in the UK. Aareon UK’s customers will therefore benefit from our wider product offering.”
Rajeev Nayyar, CEO, Fixflo, said, “This is the start of the next exciting phase of Fixflo. Throughout our discussions with Aareon, we’ve been impressed by their desire to help us harness the benefits of scale while giving us the independence and flexibility to innovate and continue to work in partnership with our customers.”