- Urbanise.com (UBN) has secured a new three-year agreement with leading Dubai-based property developer Nakheel
- Under the agreement, Nakheel will use Urbanise’s end-to-end platform to deliver management and strata services to customers across an extensive portfolio
- The contract is expected to bring in $760,000 in annual recurring revenue
- On the market this morning, Urbanise is up 7.41 per cent and is trading at 8.7 cents per share
Urbanise.com (UBN) has secured a new three-year agreement with leading Dubai-based property developer Nakheel.
The agreement will see Urbanise deliver fully integrated facilities, management and strata solutions to Nakheel.
Under the agreement, Nakheel will use Urbanise’s end-to-end platform to deliver management and strata services to customers across an extensive portfolio, which includes residential developments, hotels and resorts, malls and corporate offices.
Urbanise creates software that allows building operators to automate, streamline, simplify and optimise operations and performance.
The contract is expected to bring it in $760,000 in annual recurring revenue.
“This will be reflected across both the facilities management and strata divisions and will form part of the backlog until go-live,” the company explained.
“The implementation process will involve transitioning two systems to Urbanise’s single integrated solution,” it added.
On the market this morning, Urbanise is up 7.41 per cent and is trading at 8.7 cents per share at 11:53 am AEDT.