Facilio Inc has successfully established a strong foothold across the US, India and the Middle East markets. The company has secured over 8 contracts globally, managing a substantial 20 million sq. ft. of built space within six months of its commercial product availability.
The success and rapid growth of this facilities management tech start-up is a direct result of the company’s unique Internet of Things (IOT) and Artificial Intelligence (AI) based solution for a burgeoning global market for intelligent buildings and efficient facilities management. Facilio’s clients are large and reputable enterprises with distributed real estate portfolios running an array of building automation systems. By selecting Facilio, respected organizations such as SPI Cinemas India, Mazaya Business Avenue Dubai, and Universal Control Innovations USA are more efficiently managing their workforce, maintenance, and sustainability performance.
The recently published Verdantix analysis reports that the global market for software and related IT services in buildings is currently estimated at $8 billion, and is expected to reach $12 billion by 2022. The global annual spend on facilities services stands at close to $1+ trillion dollars today. Globally, buildings spend the same amount on energy. Facilio sees tremendous untapped potential for enhanced efficiency within built environments. The company is vigorously expanding into India, the Middle East and US markets and has already started building a strong channel partnership network by signing with more than 10 channel partners. The company has also announced aggressive plans to expand its footprint in the US, India and the Middle East in the coming months, with over 20 sizeable enterprise wins on the anvil.
Commenting on the success of the company, Prabhu Ramachandran, co-founder and CEO of Facilio said, “It has been a great year for us. Facilio’s goal is to liberate Commercial Real Estate (CRE) from operational silos and empower them to be in control of managing the entire portfolio centrally and efficiently. As a young business, we have been able to demonstrate the value and power of our solution with incredible speed and execution. This has helped us secure the trust of large enterprises. Globally, commercial real estate management and facility managers are demanding innovative technologies to drive a continuous flow of operational efficiency and sustainability. Facilio’s solution addresses this compelling need-gap in the building management space, helping enterprises increase the lifecycle of their assets by 20-25 percent and saving nearly 30 percent in operating expenses.”
The facilities and building management industry, which has traditionally been hardware-intensive and slow in technology adoption, is now undergoing a phase of disruptive transformation. Facilio aims to lead the disruptive transformation in facilities management, by assisting its customers in integrating modern, centralized, tech-enabled, efficient and sustainable processes and practices into their building management. To this effect, Facilio is rapidly expanding its engineering, sales and marketing teams. Currently, Facilio is undertaking a hiring drive in the US and India with plans to augment its resources and teams on a continual basis, as it continues to gain even more momentum.