Aquicore, a Washington, DC-based commercial real estate software company with an all-in-one operations platform, has announced the acquisition of Entic, a best-in-class prescriptive analytics solution that generates targeted recommendations to drive peak utilities and facilities performance for commercial assets.
With this acquisition, Aquicore begins to consolidate the fragmented proptech market, aiming to solidify its position as the frontrunner in commercial real estate operations and performance optimization.
Aquicore’s decision to acquire Entic is the result of an effort to become a complete portfolio solution for buildings of all sizes across the industry. Now combined, Aquicore continues to expand its footprint in the U.S. and is currently used across 250 million square feet. The joint company is backed by top institutional investors in real estate technology, including The Blackstone Group, ClearSky, Navitas Capital, Normandy Real Estate Partners, and Fifth Wall Ventures.