A cloud-based platform, Aquicore allows commercial real estate executives, property managers and building engineers to track and analyze key building factors in real time. Entic provides prescriptive analytics solution that “generates targeted recommendations to drive peak utilities and facilities performance for commercial assets.”
The latest acquisition gives Aquicore an edge in commercial real estate operations and performance optimization.
“I couldn’t be more excited about the merging of these two teams. Together, we will propel the proptech industry forward, giving the commercial real estate industry a powerful solution unlike any it’s ever seen. When experts look back at the evolution of this market, the combining of Aquicore and Entic will be a milestone,” Logan Soya, Aquicore founder and CEO, said in the press release.
Carlos Diaz, the co-founder of Entic, said that the teams of both companies together offer an “incredibly complementary set of skills that will really change this industry for the better now that we are working in unison.”
Following the acquisition of Entic, Aquicore would offer a complete portfolio solution for buildings of all sizes across the industry. Among its outstanding clients is EQ Office, a Blackstone Real Estate portfolio company that manage 50 million square feet of office space, and other properties such as Chicago’s Willis Tower, the Hughes Center in Las Vegas, and Park Avenue Tower in New York City.
“The combination of Entic’s prescriptive analytical platform and Aquicore’s fast, portfolio-level installation will allow for rapid deployment and performance improvement at scale,” said Don Anderson, chief sustainability officer of The Blackstone Group.
As part of its expansion into the U.S. market, Aquicore has also added offices in Florida, Massachusetts, and California. Top institutional investors in real estate technology, including the Blackstone Group, ClearSky, Navitas Capital, Normandy Real Estate Partners, and Fifth Wall Ventures, are also backing the joint company.