Now the company is focused on management of apartment blocks and also strata management. The company has become the leading multi-tenant cloud-based provider of software-as-a-service platforms to strata and facilities managers and is being used in some of the tallest towers and most prestigious communities around the globe.
Urbanise mobile app could be used either by staff from a firm looking after a property or else tenants themselves to send notifications about service requirements, say for example, a broken window. Urbanise is very excited with the overall performance of the business during the June quarter. This was a particularly uncertain time but there has been no material impact on the business from the COVID-19 pandemic. This performance highlighted the mission-critical nature of our software and the resilience of our SaaS subscription model with its highly recurring revenue base and a customer retention rate of almost 100%. We have continued to pursue our pipeline of activities across our global footprint, as we witness an increased demand for Urbanise’s integrated strata and facilities solution. Some of these features, such as live Web chat and online interactive training, will allow us to further scale our platform around the world, across existing and new geographies and further consolidate our leading position as a cloud-based strata and facilities management solution.17 September 2020