NEW YORK, Jan. 17, 2022 /PRNewswire/ -- Facilio, a
leading property operations software platform, today announced that
it has been recognized by Frost & Sullivan with the 2021 Best
Practices' Product Leadership Award for its IoT-based solution in
the building operations and maintenance industry.
With multiple nominees in the category, Frost & Sullivan
evaluates participating companies across two dimensions—product
portfolio attributes and business impact. Facilio emerged as the
winner of the award demonstrating 5x growth over the last 6
quarters, technology innovation, and an advanced product portfolio
in the property operations software category.
"In a space dominated by hardware-centric incumbents, Facilio
employs a differentiated software platform approach to address the
challenges prevalent in the traditionally siloed and fragmented
building operations market", said Dennis
Marcell Victor, Industry Analyst—Energy & Environment,
Frost & Sullivan. "A huge differentiator for Facilio is the
depth of alignment it creates between people, processes, automation
systems, and business software across multiple buildings into a
single pane of glass software, and in real-time."
Today's news builds on Facilio's recent momentum including:
- The launch of Connected CMMS, a first-of-its-kind category
solution reimagining legacy CMMS/CaFM software market
- Being named as the 2021 Software of the Year by Construction
Business News (Middle East),
Certified with Proptech Innovation Label by Proptech Academy (EU),
Finalist in the Urban Developer Awards (Australia) for Best New Proptech
- Ranked among the Top 20+ CMMS Software & Tools by
SoftwareWorld
"The market, analysts, customers, and partners have come to
appreciate the power of a data-driven connected built environment
that propels real estate portfolios towards operational agility and
efficiency, said Prabhu
Ramachandran, Founder & CEO, Facilio Inc. "We believe
the recognition by Frost & Sullivan reinforces Facilio's
leadership in the property operations software category and our key
role in helping define the market with advanced product innovation
that improves building performance, increases productivity, and
optimizes cost—all in one place."
To access the 2021 Global IoT Solution for Building Operations
& Maintenance Report by Frost & Sullivan, please
visit here
About Frost & Sullivan:
For six decades, Frost
& Sullivan has been world-renowned for its role in helping
investors, corporate leaders and governments navigate economic
changes and identify disruptive technologies, megatrends, new
business models, and companies to action, resulting in a continuous
flow of growth opportunities to drive future success.
About Facilio:
Facilio's AI-driven property
operations platform allows real estate owners to aggregate building
data, optimize performance, and control portfolio operations—all
from one place. Customers in the commercial office, healthcare,
higher education & retail categories use Facilio to reduce
operations costs, increase net asset values & de-risk
operational liability. Headquartered in New York City with offices in Europe (the United
Kingdom and Italy),
Dubai, Chennai, Sydney, & Singapore, Facilio is a global company backed
by leading investors including Accel Partners and Tiger Global
Management.
Learn more about Facilio O&M platform:
https://facilio.com/
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SOURCE Facilio Inc.