Frost & Sullivan has recognised IoT building operations and maintenance platform Facilio with a Best Practices’ Product Leadership Award.
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 5-times 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”, explains 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.”
Facilio Inc CEO, Prabhu Ramachandran, adds: “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.
“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.”