Infotech Limited is proud to announce that Urbanise, a globally renowned provider of IoT (Internet of Things) and Service Delivery platform for buildings, has finalised its acquisition deal with Infotech.

Urbanise is an ASX listed global creator of a cloud-based platform for delivering building services, with offices in Australia, Dubai, Singapore, Bulgaria, and South Africa.

The acquisition included multifaceted INFOTECH-based mobile asset tracking and management platform Intelligen™ and established smart utilities cloud platform Wattkeeper®, (Enermatics), and is effective from 4 January 2017.

Urbanise has initiated a share placement to secure the necessary funds to acquire both Intelligen™ and Wattkeeper® as a going concern, from Infotech Limited.

The deal was completed on the 6th of February 2017 once South African Reserve Bank regulatory approval was received. In addition to providing the standard features of live vehicle tracking, Intelligen™ gathers critical data which will assist the user to make informed decisions, optimise performance and eliminate risks.

Through the acquisition the market can now benefit from a high-tech and feature rich resource that allows for proactive and reactive mobile resource and asset tracking management. Through the innovative integration of Intelligen™ with a multitude of mobile devices, this powerful management tool allows for real-time monitoring, route optimisation, prioritisation and dispatching which offers substantial cost savings to customers through better management of resources and assets.

Wattkeeper® is an established cloud platform providing innovative smart meter solutions to the energy market, focusing on technology to help users generate tenant bills and common area bills, compare tariffs, and optimise usage, manage unique smart switching schedules, generate reports and business intelligence around utilities. Through its acquisition of Wattkeeper®, Urbanise will  integrate a cloud-based micro-utility billing solution that enables rapid deployment, billing and reading of smart meters for electricity, water, and gas. It will also bring into its services portfolio a suite of smart meter devices that are designed to enable automated meter reading, pre-paid and post-paid business models and smart automation models that can limit utility consumption.