London, 5th January 2022
Leading property technology platform, Plentific, has announced the acquisition of TouchRight Software. Based in York, UK, TouchRight helps real estate professionals and contractors produce property reports via a web and mobile app, reducing overall operational overhead by as much as 50%.
TouchRight was founded in 2012 by Terry and Rachel Lightfoot. The software enables operatives 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. The company was named in the 2021 Prop Tech 50 Innovation Rankings.
Plentific’s award-winning software and marketplace have cemented the company as a leading provider of residential repairs and maintenance SaaS in Europe with a $100m ‘Series C’ funding round. 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.
About Plentific
Plentific is an all-in-one delivery platform for property maintenance. Plentific is trusted by some of the best-known organisations in property, including L&Q, Peabody, and Notting Hill Genesis, to manage more than 400,000 properties across the UK, Germany and USA. Plentific integrates repairs, compliance, and resident management to streamline property maintenance and provide instant insight into the health of a property portfolio. For more information, please visit www.plentific.com.
Lerner Associates acted as the exclusive M&A advisor to TouchRight Software.