The UK-based asset management software has signed up HIH Real Estate GmbH, one of Germany’s biggest investment managers with €28.1bn of real estate assets under management.
HIH will roll out the software across all three of its acquisitions teams, enabling employees to work more efficiently by speeding up the manual processes involved in transactions.
Further establishing its foothold in the German market, Coyote has entered into a partnership with Easol GmbH; a joint venture between control.IT and IntReal to provide an all-in-one technology solution for real estate businesses based in the DACH region.
Coyote’s transaction management capability will join a community of selected software products and solutions, which have been tested and tailored to meet the requirements of real estate fund and investment manager clients.
Oli Farago, co-founder and CEO of Coyote, said: “Our strategic expansion into Germany marks a significant milestone for Coyote as the digitalisation of the commercial real estate industry gathers pace and we continue to grow the business.
“HIH’s decision to adopt Coyote is a major endorsement and we are extremely excited to be working with one of Europe’s leading players in real estate management. In conjunction with this, we are delighted to have joined the Easol ecosystem – a community of like-minded platforms which share our ethos of collaboration and a common goal to provide the best-in-class service for the end user.”
Erik Marienfeldt, managing director of HIH Real Estate GmbH, added: “The digitalisation of our company is of vital importance to us and Coyote’s technology enables us to truly enhance the way our transaction teams work, improving efficiency and streamlining our processes.”
Klaus Weinert, managing director of Easol, commented: “The software Coyote has created is a natural fit for the Easol community and we look forward to working closely with the team. In our view Coyote’s transaction platform is the strongest platform in the market and as a result of this partnership, our users will be able to benefit from an enhanced and broader suite of first-class solutions.”
Easol’s product suite includes:
- Coyote | Transaction management
- SAP | Fund management
- bison box | Asset and portfolio management
- Fuel | Underwriting
- Evana | Data room
- Proda | Interfacing data
- IX Haus | Property management
Read the original version of this article on PlaceTech.