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Facilio plans to double its footprint by 2023

Facilio, a software as a service based property application, has drawn up plans to double its footprint by the end of 2023, a top company official said. The company moved to a 40,000 sq ft office building in the city and plans to hire more people next year.

A fully automated facilities management system is installed in the new building that Indiqube has developed. According to a statement made here by Facilio, the facility is equipped with the company’s flagship offering, an artificial intelligence-based CMMS platform that offers a seamless visitor management system, workplace management, floor visualization, among other things.

Real estate owners can aggregate building data, boost performance, and centrally manage portfolio operations owing to Facilio’s suite of products. Large real estate companies worldwide use the company’s property operations software platform remotely deployed.

“We currently manage 10,000-plus buildings spread across commercial offices, healthcare, hospitality and retail across the globe. We are aiming to double this by the end of 2023 and tap into the USD 30 billion real estate focused operations software market,” co-founder and CEO Prabhu Ramachandran said. 

“We will continue to make strategic hires across the product marketing and engineering functions here and are looking to strengthen our enterprise sales teams in the Middle East, US, UK, Europe and Australian markets,” he said.

Apart from Chennai, Facilio today employs 200 people and has offices in New York, London, Australia, Dubai, and Singapore. Investors funding the company include Accel India, Tiger Global Management, Dragoneer Investment Group, and Brookfield Growth.

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