BuildingIQ Inc (ASX:BIQ), provider of energy management software, has entered into a strategic alliance with California based commercial real estate software company AMP Technologies, to offer an integrated platform to customers.
The new agreement will allow customers to use both BuildingIQ’s Predictive Energy Optimization platform and AMP’s Commercial Real Estate Business Intelligence platform.
The software platforms will help in reducing operational costs and gain competitive advantage when managing commercial real estate assets, for individual properties or a large portfolio of buildings.
BuildingIQ’s Predictive Energy Optimization platform saves energy costs by actively predicting and managing heating, ventilation and air conditioning loads in commercial buildings.
AMP Technologies’ software platform provides vital data for commercial real estate owners including lease details, revenue strength, financial health, time mapping, and tenant relationships.
The new alliance will enable customers to monitor energy usage along with all other metrics of real estate properties in an integrated platform.
The BuildingIQ-AMP Technologies business relationship is effective immediately and the two companies are expected to begin demonstrating their integrated solution for customers within the next several weeks.
BuildingIQ listed on the ASX in December 2015 after raising A$20 million from an initial public offering.
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