Plentific acquires TouchRight Software.
London - 5th January 2022 - Leading Proptech platform Plentific’s suite of digital property management solutions continues to expand. Today, the company announced its acquisition of TouchRight Software, an award-winning reporting app that helps real estate professionals and contractors produce fast, paperless and high-quality inspection reports.
TouchRight is a York-based, mobile solution founded in 2012 by Terry and Rachel Lightfoot. Used by over 500 clients across the UK, the software’s capabilities have demonstrated a reduction in their operational overhead by as much as 50%, earning it a spot in the 2021 Prop Tech 50 Innovation Rankings. Contractors can use it to create a host of bespoke property inspection reports, including inventories, midterms, check-ins, check-outs, HMO and Legionella Risk Assessments with a few simple clicks.
By incorporating TouchRight’s technology into its platform, Plentific will expand the app’s current strengths to get greater productivity from mobile devices in the field, adding additional automation and speed to its suite of repairs, maintenance, compliance and voids solutions. Reporting capabilities on asset conditions, inventories and safety checks, for example, will become more robust, in addition to providing an end-to-end workflow from identifying issues to be addressed to delivering necessary works via its nationwide contractor marketplace, driving further operational efficiencies for clients.
TouchRight gives agents and property managers maximum flexibility in reporting - with the ability to generate consistent, professional, own-branded reports that are TDS/DPS compliant. Designed to give users the ability to review, comment and sign inspection reports remotely, the software will augment many of the essential features Plentific currently offers to landlords, contractors and tenants across the 400,000 units it manages globally.
Cem Savas, CEO and Co-founder of Plentific, said:
“We've had a phenomenal year of growth, with a Series C funding round helping us more than double headcount to over 200 employees and empowering us to build more client services. We have only just scratched the surface of a $2.5 trillion potential market opportunity, and the acquisition of TouchRight will enhance our service to landlords and better enable us to capitalise on this potential.”
Rachel Lightfoot, a co-founder at TouchRight Software, adds: “We are excited that Plentific will now take TouchRight on the next stage of its journey. This is a great move for all parties, and our existing customers will benefit from a great deal more functionality as part of the Plentific platform.”