Concorde International Group Acquires Assets of Software Risk, a Centralized Facilities Management Platform, Through ts Subsidiary

Core Viewpoint - Concorde International Group Ltd. has announced the acquisition of Software Risk, a cloud-based SaaS platform for facilities management, enhancing its technology portfolio and capabilities in the sector [1][6]. Company Summary - Concorde International Group Ltd. is an integrated security services provider based in Singapore, recognized for its innovative solutions in security and facilities management since its establishment in 1997 [7]. - The company specializes in integrated monitoring of properties and assets, ensuring security and operational efficiency through its "I-Guarding Solutions" [7]. Acquisition Details - Concorde Singapore will acquire Software Risk assets for a total consideration of AUD 50,000 in cash, 100,000 restricted Class A Ordinary Shares, and a 10% revenue share from the platform's income in Australia for 12 months [2]. - The independent valuation of Software Risk was approximately $57.5 million, and the acquisition includes all platform assets but excludes hardware and unrelated trading activities [2]. Market Insights - The global facility management software market is projected to grow from approximately USD 3.8 billion in 2024 to USD 9.6 billion by 2033, driven by demand for integrated, IoT-enabled systems [3]. - The broader facilities management industry is expected to expand from USD 42 billion in 2024 to USD 92.9 billion by 2033, indicating significant growth potential [3]. Software Risk Platform Features - Software Risk provides a centralized system for managing various operations, including maintenance, security, visitor access, and incident reporting, enhancing efficiency and service standards [4]. - The platform is scalable and integrates with third-party software and hardware solutions, allowing for automation and real-time data tracking [4]. Strategic Integration - The acquisition will integrate Software Risk into Concorde's Mobile Surveillance and Response ecosystem, enhancing incident management and operational visibility across client sites [5]. - The CEO of Concorde emphasized that this acquisition strengthens the company's technology portfolio and opens new revenue opportunities while improving productivity and reducing costs for clients [6].