AUSTIN, Texas, SAN FRANCISCO & ONTARIO–(BUSINESS WIRE)–Serent Capital, a growth-focused private equity firm investing in founder-led B2B SaaS and technology companies, announced today that its portfolio company, Book4Time, a leading provider of spa management SaaS software, has been acquired by Agilysys, a global leader in hospitality software solutions and services.

Book4Time’s innovative cloud-based platform has established itself as a premier solution for hotel and resort spas, enabling operators to manage appointments, staff, and inventory seamlessly while enhancing the guest experience and providing comprehensive corporate reporting. Founded in 2004, Book4Time has become the go-to choice for leading wellness hospitality organizations and is trusted by customers in over 100 countries. Serent Capital’s strategic growth investment in 2020 was instrumental in supporting Book4Time’s continued expansion and extending its global reach.

“Our partnership with Serent has been pivotal in enabling us to scale our operations and enhance our product offerings. Their strategic guidance allowed us to better serve our clients and solidify our leadership in the wellness hospitality industry. We are grateful for their collaboration and look forward to continuing our journey of innovation in the hospitality industry as a part of Agilysys,” said Roger Sholanki, CEO of Book4Time.

“From the beginning, we recognized Book4Time’s potential to revolutionize spa management technology. It has been rewarding to see them expand their global reach and deliver exceptional client experiences. We look forward to watching the continued growth and success of the merged business unit in the hospitality industry.” said Lance Fenton, Partner at Serent Capital.

Serent Capital has a robust track record in the hospitality market, having invested in over 15 hospitality tech companies in the last decade. To learn more about Serent’s partnership with hospitality companies, visit Serent Capital Hospitality and Travel.

About Serent Capital

Serent Capital is a growth-focused private equity firm investing in capital-efficient, B2B SaaS and technology companies. From its founding, Serent set out to build a distinctly different firm that prioritizes founders and their companies and provides true hands-on resources through its 25+ person Growth Team. Serent’s in-house Growth Team is equipped with a wide range of resources to help companies accelerate growth, including strategic and operational support to drive revenue generation, assistance in building a top-tier executive team, guidance for transformative M&A, and a community of 400+ founders and operating executives. With $5 billion of assets under management, the firm has partnered with over 60 founder-led, industry-changing companies and offers unparalleled hands-on operational support. Discover how Serent Capital is fueling the growth of innovative companies across a range of industries at www.serentcapital.com.

About Book4Time

Book4Time is the global leader in spa management software and ancillary revenue for the hospitality industry. As the leading enterprise SaaS technology in the hospitality wellness industry, Book4Time manages the end-to-end guest experience for international hotels, resorts, casinos, golf and private member clubs in more than 100 countries worldwide. Based in Ontario, Canada, Book4Time is the first cloud-based software for the wellness industry to provide a centralized multi-location platform. With 60+ hotel system integrations, Book4Time publishes new updates every 4-8 weeks, has the industry’s highest uptime at 99.99%, supports 15 languages and delivers LIVE 24/7 phone and email support through strategically located global customer support centers. Book4Time is Hotel Tech Customer Support certified. www.book4time.com

About Agilysys

Agilysys exclusively delivers state-of-the-art software solutions and services that help organizations achieve High Return Hospitality™ by maximizing Return on Experience (ROE) through interactions that make ‘personal’ profitable. Customers around the world use Agilysys Property Management Systems (PMS), Point-of-Sale (POS) solutions, Food & Beverage Inventory and Procurement (I&P) systems and accompanying hospitality ecosystem solutions to consistently delight guests, retain staff and grow margins. The Agilysys 100% hospitality customer base includes branded and independent hotels; multi-amenity resorts; casinos; property, hotel and resort management companies; cruise lines; corporate dining providers; higher education campus dining providers; food service management companies; hospitals; lifestyle communities; senior living facilities; stadiums; and theme parks. www.agilysys.com

Contacts

Sam Whitford

sam.whitford@serentcapital.com

TORONTO–(BUSINESS WIRE)–DREAM RESIDENTIAL REAL ESTATE INVESTMENT TRUST (TSX: DRR.U and TSX: DRR.UN) (“Dream Residential REIT” or the “REIT”) today announced its August 2024 monthly distribution in the amount of US$0.035 per unit (US$0.42 annualized). The August distribution will be payable on September 13, 2024 to unitholders of record as at August 30, 2024.

About Dream Residential REIT

Dream Residential REIT is an unincorporated, open-ended real estate investment trust established and governed by the laws of the Province of Ontario. The REIT owns a portfolio of garden-style multi-residential properties, primarily located in three markets across the Sunbelt and Midwest regions of the United States. For more information, please visit www.dreamresidentialreit.ca.

Contacts

For further information, please contact:

Dream Residential REIT

Brian Pauls
Chief Executive Officer

(416) 365-2365

bpauls@dream.ca

Derrick Lau
Chief Financial Officer

(416) 365-2364

dlau@dream.ca

Scott Schoeman
Chief Operating Officer

(303) 519-3020

sschoeman@dream.ca

TORONTO–(BUSINESS WIRE)–DREAM OFFICE REIT (TSX: D.UN) (“Dream Office” or the “Trust”) today announced its August 2024 monthly distribution of 8.333 cents ($1.00 annualized) per REIT Unit, Series A (“REIT A Units”). The August distribution will be payable on September 13, 2024 to unitholders of record as at August 30, 2024.

Dream Office REIT is an unincorporated, open-ended real estate investment trust. Dream Office REIT is a premier office landlord in downtown Toronto with over 3.5 million square feet owned and managed. We have carefully curated an investment portfolio of high-quality assets in irreplaceable locations in one of the finest office markets in the world. For more information, please visit our website at www.dreamofficereit.ca.

Contacts

For further information, please contact:

Michael J. Cooper

Chairman and Chief Executive Officer

(416) 365-5145

mcooper@dream.ca

Jay Jiang

Chief Financial Officer

(416) 365-6638

jjiang@dream.ca

• The strategic acquisition supports Infogrid’s vision to optimize building operating budgets while advancing the industry’s path to decarbonization.
• As commercial real estate moves beyond data monitoring and reporting to action and automation, Buildings IOT’s adaptive buildings technology makes it faster and easier for clients to realize energy, carbon, and cost savings.
• Infogrid will integrate Buildings IOT’s automated demand management, advanced fault detection, and grid interactivity offerings into its product suite, creating a one-of-a-kind solution for customers at scale across their portfolios.

WASHINGTON–(BUSINESS WIRE)–Infogrid, the building intelligence and analytics company leveraging AI and data to curb the impact of the global real estate sector on the planet, today announces its acquisition of Buildings IOT’s market-leading adaptive buildings technology. This strategic move will enhance Infogrid’s ability to deliver autonomous actions that optimize building efficiency and generate significant energy, carbon, and cost savings for clients at global scale, leading the industry in a transition from pure analytics to genuine building automation.

The commercial real estate landscape is rapidly evolving, driven by the need to meet stringent net zero targets, increased regulation, fluctuating electricity costs and grid conditions, and changing patterns in space usage as the world embraces hybrid working. Adding to these pressures are widespread workforce shortages in skilled building engineering staff, making the integration of automation and AI into building operations more critical than ever.

Infogrid and Buildings IOT have long shared a vision of transforming building operations through data and automation. The unique combination of their technologies will provide a significant advantage to real estate and facilities management organizations navigating current market dynamics. The addition of Buildings IOT’s automated demand management, advanced fault detection and diagnostics, and grid-interactive capabilities will strengthen Infogrid’s suite of energy analytics products, helping building owners and operators ensure their properties are operating at peak efficiency by proactively incorporating grid conditions and automating consumption- and demand-reducing measures. These innovations enable clients to see quicker time-to-value, maximize energy and carbon reductions while optimizing for costs and comfort, and mitigate operating expenses – all while doing more with less.

Infogrid CEO Kate Henningsen said, “This technology acquisition marks a pivotal moment in our mission to transform the built environment with technology that is as good for the planet as it is for the bottom line. By integrating Buildings IOT’s adaptive buildings capabilities with Infogrid’s suite of energy data and analytics tools, we can offer our clients unprecedented capabilities in automation that help them realize energy, carbon and cost savings faster and more easily than ever before. The combined technology represents a new milestone for real estate and facilities teams seeking to reduce their environmental impact and operating budgets at scale.”

“Buildings IOT was founded with the mission to revolutionize the way buildings operate,” added Buildings IOT CEO Brian Turner. “Combining the Infogrid and Buildings IOT technologies will be essential in aiding the built environment’s shift to low carbon and making significant strides towards decarbonizing operations.”

12 members of Buildings IOT’s US- and Canada-based team will join Infogrid as part of the acquisition as Infogrid looks to incorporate the Buildings IOT solution into its technology stack. Infogrid will maintain its corporate headquarters in Washington, D.C. and London.

To learn more about the services on offer, visit www.infogrid.io and www.buildingsiot.com.

About Infogrid:

Infogrid is a data and analytics company on a mission to make every building smarter, more efficient, and more sustainable. Recently ranked in the top 10 tech companies leading the charge on climate action, it offers an AI-powered suite of products that empower real estate teams to reduce costs, decrease time spent on routine work, and find and act on opportunities to save energy and carbon. Discover how Infogrid’s solutions can unlock the potential of your assets and accelerate the transition to net zero. Visit us at www.infogrid.io to learn more.

Contacts

Zoe Williams

Director of Marketing, Infogrid

zoe.williams@infogrid.io

DALLAS–(BUSINESS WIRE)–Hyphen Solutions, the leading provider of cloud-based residential construction management software, proudly announces the launch of its brand-new website, designed to serve as a comprehensive hub for Home Builders, Suppliers, Manufacturers, and Trades. With this launch, Hyphen Solutions continues its 25-year legacy of innovation, driving the residential construction industry forward with cutting-edge technology and seamless integrations.

A Unified Platform for Residential Construction Management

The newly launched website showcases Hyphen Solutions’ full-cycle software suite, which supports businesses at every stage of the residential construction process. As the industry’s only full-cycle software solution for new home construction, Hyphen Solutions is dedicated to enabling businesses to work better, faster, and together, by providing tools that streamline processes, reduce costs, and improve profitability.

Helping Home Builders + Residential Trades Find the Right Home Construction Software

Finding and integrating a new home construction software can be a daunting task. Hyphen Solutions aids Home Builders & Residential Subcontractors in this task by offering a helpful Software Solution Finder that guides them to a home construction software solution based on their specific needs.

Key Benefits of Integrating Residential Construction Software

• Streamlined Processes: Hyphen Solutions’ software suite, including BuildPro, SupplyPro, and Hyphen Wallet, is designed to optimize operational control and secure payments.
• Unified Platform: The integrated workflows foster enhanced collaboration among Home Builders, Suppliers, Manufacturers, and Trades, unifying the residential construction supply chain.
• Reduced Costs and Improved Profitability: By leveraging Hyphen Solutions’ innovative tools, businesses can achieve greater efficiency and cost savings.

Celebrating 25 Years of Impact

As Hyphen Solutions celebrates its 25th anniversary in 2024, the company remains dedicated to innovation and excellence. One in three new homes in America is built using Hyphen’s software, and more than 17,500 Suppliers and over 580 Builders across the U.S. and Canada rely on Hyphen’s comprehensive Home Builder and supply chain solutions.

Industry Leadership and Trust

Twenty of the top 25 North American Home Builders trust Hyphen Solutions as their go-to partner in residential construction. The new website reflects Hyphen Solutions’ commitment to delivering trusted cloud solutions that empower businesses to thrive in a competitive market.

2023 Key Metrics

• Orders Distributed: 43.7 million
• Total Order Volume: $63.4 billion
• Total Homes Built: 349,946
• Total Users: 116,437
• Documents Shared with Suppliers: 16.9 million
• Auto-Generated Lien Releases: 13.6 million

About Hyphen Solutions

Hyphen Solutions provides the leading cloud-based construction management software for the residential building industry. Their innovative solutions include BuildPro, SupplyPro, and Hyphen Wallet, among others, all designed to support Builders and Suppliers at every stage of the construction process.

Visit the new website at info.hyphensolutions.com to explore how Hyphen Solutions can transform your business.

Join the over 580 Builders and the 17,500+ Suppliers across the U.S. and Canada that trust Hyphen Solutions. Whether you are a local or national business, Builder or Supplier, new to the industry or a seasoned pro – we have a Hyphen solution for you.

Contacts

Jessica Katz

Vice President of Marketing

Hyphen Solutions

Phone: (972) 728-8100

Email: jkatz@ihyphen.com

TORONTO–(BUSINESS WIRE)–APOLLO Insurance, a Canadian digital insurance provider and leading innovator in the emerging embedded finance sector, is pleased to announce that they now offer pet insurance to their tens of thousands of customers, through a new partnership with Petsecure.

APOLLO’s digital platform launched in 2019 and began serving Canadian consumers with fully digital insurance products. Since then, APOLLO has partnered with leading REITs, property management companies, proptechs, and other organizations to embed insurance products into their existing workflows. For property managers, the insurance purchase experience is embedded directly into the leasing and renewal workflows.

“Pets are an integral part of our customers’ lives and unexpected vet costs can be crippling. With pet ownership steadily increasing in Canada and expected to reach 28.5 million pets in 2025, offering pet insurance alongside our core offering of tenant insurance will make the lives of Canadian pet owners easier,” said Jeff McCann, APOLLO Founder and CEO. “We’re thrilled to be partnering with Petsecure to provide our customers the peace of mind they can get their pets back to their happy, healthy selves without worrying about the financial burden of care, when treatment is needed.”

Petsecure makes a simple promise: they’ll be there when you need them most, covering diagnostics, X-rays, hospitalization, surgery, medication, and more. Every year there are new advancements in veterinary care, and more treatments available than ever before. Petsecure provides straightforward and effective insurance with flexible plans to suit each family’s needs, and is designed and backed by veterinarians across Canada.

“APOLLO’s digital first approach makes them an ideal partner for Petsecure,” said Raegan Ahlbaum, AVP Petline Operations. “This partnership will bring pet insurance to more families, helping them invest in their pet’s health and well-being.”

In 2022, APOLLO became the only Insurance provider in Canada to integrate with Yardi Systems to enable instant insurance transactions and automate compliance, with real time tracking and alerts for property managers. Earlier this year, APOLLO launched FinShore, a wholly owned buy now, pay later (BNPL) subsidiary, to provide a fully embedded monthly payment option to their customers.

Visit https://apollocover.com/partnerships for more information.

About APOLLO Insurance

APOLLO Insurance (“Apollo Insurance Solutions Ltd. and its subsidiaries”) is Canada’s leading online insurance provider. Our proprietary platform allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect a payment, and issue policies without human intervention.

Through traditional agents and embedded finance partnerships, APOLLO is redefining the distribution of insurance. For more information visit https://apollocover.com/.

About Petline Insurance Company

As the first licensed insurance company in Canada to focus solely on pet insurance, Petline has been a leader in the pet insurance market since 1989. Operating under the Definity family of companies, Petline offers a variety of product lines, including its flagship brand, Petsecure pet health insurance, and Peppermint Pet Health Insurance as a lower-cost option. Petline also underwrites for various programs, providing diverse coverage options with unique benefits. Petline helps Canadian pets live longer and healthier lives by enabling their owners to access top-tier pet health care.

Contacts

For media inquiries:
David Dyck, Chief Marketing Officer

APOLLO

david@apollocover.com
LinkedIn: APOLLO

Media Petsecure:

info@petsecure.com
1-800-268-1169

TORONTO–(BUSINESS WIRE)–$KNR #esg—Kontrol Technologies Corp. (Cboe CA:KNR) (OTCQB:KNRLF) (FSE:1K8) (“Kontrol” or the “Company”) a leader in smart buildings and cities has been selected by multiple Customers (“Customers”) to deliver sustainability and net zero emission solutions for multiple public sector buildings.

“We continue to win opportunities and expand our solutions into the public sector, which has been leading the way to greater sustainability and building decarbonization,” says Paul Ghezzi, CEO of Kontrol Technologies.

Corporate Strategy

The Company is focused on growing its revenues both organically and by strategic acquisition. As part of the ongoing focus to deliver greater synergies in its operations the Company will internally re-organize its building performance technology and building engineering under one brand, Efficiency Engineering. The Company will seek to eliminate any duplication in operating costs and continue to streamline operations. The Kontrol Buildings platform will continue to focus on high margin building service revenues and recurring revenues under multi-year contracts.

“With a strong balance sheet, we can turn our focus to the growth and expansion of our core business,” continues Ghezzi. “The shift towards energy efficiency, lower operating costs and greater sustainability for large buildings is accelerating, driven by operational needs and stakeholder requirements.”

Potential strategic acquisitions will be announced when they are final. Acquisition targets with ongoing recurring revenues will be given priority.

According to the Canadian Government, “To reach Canada’s climate goals, reduce energy bills and build up Canada’s supply of energy-efficient and resilient building stock, there is a need to accelerate the retrofit of approximately 10 million buildings and construct millions of new net-zero buildings in the coming decades.” www.canada.ca/naturalresources

Kontrol Technologies Corp.

Kontrol Technologies Corp., a Canadian public company, is a leader in smart buildings and cities and provides solutions and services to its customers to improve energy management and accelerate the sustainability of all buildings.

Additional information about Kontrol Technologies Corp. can be found on its website at www.kontrolcorp.com and by reviewing its profile on SEDAR at www.sedarplus.com

Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as “may”, “will”, “expect”, “likely”, “should”, “would”, “plan”, “anticipate”, “intend”, “potential”, “proposed”, “estimate”, “believe” or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions “may” or “will” happen, or by discussions of strategy. Forward-looking information contained in this press releases includes, but is not limited to, the following: the future operations of the Company; and the Company’s ability to complete future acquisitions.

Where Kontrol expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that the Company will have sufficient financial and other resources to fulfil expectations with respect to future operations and potential acquisitions.

Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. Kontrol does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking information.

Contacts

Kontrol Technologies Corp.
Paul Ghezzi

CEO

info@kontrolcorp.com
11 CiderMill Road

Vaughan, ON L4K 4B6

Tel: (905) 766.0400