NEW YORK - JUNE 12th, 2023 - Plentific, the world's fastest-growing proptech company, has announced the acquisition of Active Housing. Active Housing is an award-winning developer of tenant-centric solutions that help owners, operators, and property managers increase resident satisfaction and ensure high-quality homes.
The acquisition will broaden Plentific's existing market-leading offerings, in particular those for the UK social housing sector. It is the next step in Plentific's continuing effort to ensure owners, operators, property managers, and suppliers have the best-in-class technology they need to operate as efficiently as possible.
Active Housing and its parent company Hallnet have operated out of Warrington, England for 25 years with Founder and Managing Director Stephen Hall at the helm. Active's technology is used by social housing landlords and large contractors across the UK, managing a total of 400,000 properties. The acquisition will allow Plentific to continue to expand and strengthen the value customers already receive from the platform.
Active Housing's offering includes intuitive Diagnostic Tools that automate the scope of work process for raised job requests and coordinates availability with the resident to provide a seamless experience. They also offer market-leading self-service Tenant Portals that allow residents to identify property issues and schedule appointments with maintenance professionals quickly and easily - on average, in under two minutes.
The acquisition represents a significant milestone in Plentific's expansion. Earlier this year, it gained recognition in the FT 1000 as one of Europe's fastest-growing companies and the UK's fastest-growing proptech. This achievement builds on 1,500% revenue growth achieved over the past four years and a successful $100 million Series C funding round.
Cem Savas, CEO and Co-Founder of Plentific, said: "The acquisition of Active Housing is an exciting step forward for the company. Building on Active Housing's established presence in tenant-centric solutions and Plentific's innovation in pioneering real-time property solutions, we are poised to elevate the resident experience within our platform to unprecedented heights. By integrating Active Housing into the Plentific offering, our aim is to redefine the category of tenant experience and provide landlords and property managers with a full-service platform that continues the journey of digitalizing the end-to-end experience of residential property."
Stephen Hall, Managing Director and Founder of Active Housing said: "We are excited to join Plentific to unlock the full potential of Active Housing and continue to provide innovative solutions to address some of the biggest challenges facing the housing industry. Our existing clients and employees will all benefit from becoming part of the Plentific platform and business. Joining forces with Plentific will give us the ability to accelerate the delivery of the best-in-class technology offerings landlords need to emerge as tenant-focused champions."