Building Engines Announces Record Growth
Over 200% New Bookings Increase Over the Same Period Last Year
Building Engines’ new bookings numbers jumped in Q2 2014 as the innovative provider of property management software posted a record 205% increase over the same period last year. The strong quarterly mark represents the Company's largest new bookings quarter to date. With this surge, the Company added nineteen new clients with portfolios in the office, industrial, retail, medical and banking space. This varied tranche is strong evidence of the Company’s broadening appeal to the larger commercial real estate marketplace.
The period included significant corresponding revenue growth, enabling the Company to drive its product roadmap and pursue aggressive new expansion initiatives. With rising interest in web-based and mobile real estate technology and increased IT spending within the commercial real estate technology sector, Building Engines continues to respond with dynamic and innovative communication and analytical tools – all helping property owners and managers achieve greater visibility, performance and profitability within their varied portfolios.
“These are exciting times for the real estate tech sector,” said David Osborn, CEO of Building Engines. “The recession gave our clients an opportunity to put these new technologies to the test and they responded by providing our clients with unparalleled visibility, scalability and analytics. I see the trend continuing as our platform evolves, the economy recovers, and we help the real estate community drive new dollars from old space.”
As a complement to its revenue and client base growth, Building Engines was also selected as a 2014 Money-Saving Product by BUILDINGS magazine. The expert panel evaluated finalists for the savings they offer to building owners and facility managers in energy consumption, water, lighting, envelope improvement, and maintenance. With the release of several new product features – including signature capture for work orders, Resource Scheduling upgrades, and a Pass Card Manager - Building Engines will continue to push the envelope and secure its position as the innovation leader in the CRE software marketplace.
About Building Engines
Building Engines supports innovative commercial real estate owners & managers with web & mobile property management software that creates the visibility & control needed for more profitable operations, happier tenants and a uniquely identifiable brand. For more information, visit: www.buildingengines.com.