We’re excited to announce that our new bookings numbers jumped in Q2 2014 with a record 205% increase over the same period last year. The strong quarterly mark represents our largest new bookings quarter to date. With this surge, Building Engines has added nineteen new clients with portfolios in the office, industrial, retail, medical and banking space. This varied tranche is strong evidence of Building Engines’s broadening appeal to the larger commercial real estate marketplace.
The period included significant corresponding revenue growth, enabling us to drive our product roadmap and pursue aggressive new expansion initiatives. With rising interest in web-based and mobile real estate technology and increased IT spending within the commercial real estate technology sector, Building Engines continues to respond with dynamic and innovative communication and analytical tools – all helping property owners and managers achieve greater visibility, performance and profitability within their varied portfolios.
“These are exciting times for the real estate tech sector,” said David Osborn, CEO of Building Engines. “The recession gave our clients an opportunity to put these new technologies to the test and they responded by providing our clients with unparalleled visibility, scalability and analytics. I see the trend continuing as our platform evolves, the economy recovers, and we help the real estate community drive new dollars from old space.”
As a complement to our revenue and client base growth, Building Engines was also selected as a 2014 Money-Saving Product by BUILDINGS magazine. The expert panel evaluated finalists for the savings they offer to building owners and facility managers in energy consumption, water, lighting, envelope improvement, and maintenance. With the release of several new product features – including signature capture for work orders, Resource Scheduling upgrades, and a Pass Card Manager – Building Engines will continue to push the envelope and secure its position as the innovation leader in the CRE software marketplace.