Dubai’s IBC group invests CAD $8 million in Proptech Company SITEFY

  • Date: 10-Dec-2020
  • Source: Eye of Arabia
  • Sector:Financial Markets
  • Country:UAE
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Dubai’s IBC group invests CAD $8 million in Proptech Company SITEFY

Khurram Shroff, the Dubai based Chairman of the IBC group, has announced that his group of companies has invested approximately CAD $8 million – at a pre-money evaluation of CAD 21 million – into Canadian facilities management software platform SITEFY. A gamechanging proptech solution, SITEFY will assist commercial real estate owners and facility managers in streamlining daily building operations and proactively manage their real estate assets.

The senior management team at SITEFY brings to the table over 35 years of experience and global best practices in real estate management. SITEFY increases transparency and accountability by leveraging real-time data and analysis to help building onwers and FM's in proactive management of their real estate portfolios.

“The SITEFY software platform is a truly versatile and powerful solution that can generate huge efficiencies in real estate operations”, said Khurram. “The idea is to introduce SITEFY's technology software to the Dubai market and implement it in all our buildings, as well as to make it available to the regional developer community. We believe that the solution can be a gamechanger that unlocks significant returns for property owners, and our plan is to take the platform to the GCC, African and Israeli markets as well”. 

The SITEFY software platform