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Acquisition Aims To Enhance CMMS Offerings
Aquicore, a commercial real estate software company with an all-in-one operations platform, announced the acquisition of Entic, a best-in-class prescriptive analytics solution that generates targeted recommendations to drive peak utilities and facilities performance for commercial assets. With the acquisition, Aquicore begins to consolidate the fragmented proptech market.
Aquicore’s decision to acquire Entic is the result of an effort to become a complete portfolio solution for buildings of all sizes across the industry. Now combined, Aquicore continues to expand its footprint in the U.S. and is currently used across 250 million square feet. The joint company is backed by top institutional investors in real estate technology, including The Blackstone Group, ClearSky, Navitas Capital, Normandy Real Estate Partners and Fifth Wall Ventures.