Coordimax, an Australian-owned and operated provider of integrated customer relationship management, document management and help desk tools, has acquired asset, lease and property management software company Pinnacle Pty.

Coordimax, an Australian-owned and operated provider of integrated customer relationship management, document management and help desk tools, has acquired asset, lease and property management software company Pinnacle Pty.

The deal comes as part of a strategic move to expand the Coordimax services portfolio, grow its local and international customer base and to fast track its push into overseas markets including Hong Kong, Malaysia and the UK.

Martin O’Connor, managing director at Coordimax, commented: “The current climate of mergers and acquisitions is creating stronger demand for asset management. Combining our expertise with Pinnacle’s vast experience will place us in an even better position to leverage these emerging market opportunities, both in Australia and offshore.”

Pinnacle’s healthcare and hospitality experience will enable Coordimax to increase activity around its existing Coordimax for Hospitality and Coordimax for Healthcare services, while the acquisition will also enable the company to explore new areas for business growth in carbon footprint management.