Logan Soya
WASHINGTON, DC—Commercial real estate software company Aquicore recently announced the acquisition of Entic, an analytics platform that generates recommendations to drive peak utilities and facilities performance for commercial buildings.
With the addition of Entic, the Aquicore platform will be able to offer more in-depth analytics on a single building in addition to providing insights across a portfolio. Currently, there is a big gap in the proptech industry, with solutions either providing single building level information or portfolio reporting, neither of which provide enough insights to make real decisions, Aquicore Founder and CEO Logan Soya tells GlobeSt.com. “Together we will propel the proptech industry forward, giving the commercial real estate industry a powerful solution unlike any it's ever seen,” Soya says.
Aquicore supports the notion that data alone doesn't work and technology is needed to connect the dots between data and the people making the decisions.
“I think we'll begin to see companies shifting toward the needs of CRE professionals and building solutions that are “people-first” rather than “data-first,” Soya says.
Entic's data will be accessible through Aquicore's mobile application and cloud-based platform.
Combined, Aquicore and Entic are used across 250 million square feet. The joint company is backed by institutional investors including The Blackstone Group, ClearSky, Navitas Capital, Normandy Real Estate Partners and Fifth Wall Ventures.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
