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