17 December 2019Inspector360 commercial trials and integration agreements -
Highlights:
• Commercial trials of AssetOwl’s next-generation property management platform, Inspector360, are proceeding well through RE/MAX WA: part of a 120,000-strong network of agents active in over 100 countries and territories.
• Additional trials set to commence in January 2020 with Colliers International WA, The Agency, Attree Real Estate and others.
• Integration of Inspector360 has commenced with PropertyMe, one of Australia’s largest and most complete cloud property management software providers.
• Negotiations to integrate Inspector360 with property management and communicationsplatform PropertyTree are expected to finalise in January 2020
The Company has received positive user feedback on Inspector360 since the app’s launch in September2019.
Acceptance trials are continuing with AssetOwl’s cornerstone customer RE/MAX WA, which hasrequested to extend its initially planned one-month trial. Part of the NYSE-listed RE/MAX Holdings (NYSE:RMAX), RE/MAX WA is a residential and commercial real estate agency and property manager, part of anetwork of more than 120,000 agents active in over 100 countries and territories.
The Company has agreed to commence Inspector360 trials in January 2020 with several additional existingAssetOwl partners, including Colliers International WA, The Agency Group Australian (ASX: AU1), PCR &Inspection Services and Attree Real Estate.
The Company expects Inspector360 to generate revenue in FY20 following the successful completion ofthese and other customer trials.AssetOwl has commenced technical integration of Inspector360 with PropertyMe and plans to launch anintegrated service offering to PropertyMe customers in March 2020.
AssetOwl is also in advanced negotiations to integrate Inspector360 with PropertyTree, a propertymanagement and communications platform with more than 3,500 real estate agency customers acrossAustralia and New Zealand. The Company looks forward to completing these discussions in January 2020and proceeding to integration.
