Calgary, Alberta, (December 3rd, 2018) – Ivrnet Inc. (TSXV: IVI) is pleased continue the construction of its new partner channel with the addition of BiLDIT (“BiLD”) as a strategic development and sales partner.
In October of 2018 Ivrnet announced the integration of Ivrnet Central – a leading membership management SaaS platform – with BiLD, an innovative and revolutionary new solution for managing facility and amenity health and maintenance.
By utilizing BiLD software and any electronic device to capture data, insights and reports can automatically be generated for a variety of purposes including capital plans, building condition reports, daily maintenance tracking, and even depreciation reports. More importantly, all this data is continually being analyzed, allowing BiLD to continually learn. This Artificial Intelligence can help in planning building lifecycles, preventing emergency situations, and minimizing capital risk.
Integrating BiLD with Ivrnet Central simplifies the impact of managing both people and the amenities they utilize. The combination is the first of its kind, bringing advanced analytics of facilities life and health with comprehensive management of people utilizing those facilities. October’s joint announcement in Calgary was met with great success and multiple clients engaging the partnership for its joint solutions.
The BiLD partnership extends and complements the recent announcements of the Altitude Communications and Imagine Wireless sales partnerships with both new sales channels and new capabilities to feed into all Ivrnet channels. “BiLD is the first joint technology development undertaken by Ivrnet in several years,” stated Ivrnet CEO David Snell “and we are excited with the possibilities BiLD’s talented team brings to Ivrnet’s clients. We look forward to great things to come.”
Ivrnet is a software and communications company that develops, hosts, sells and supports value added business automation software. Our products and services are delivered through the traditional phone network and the Internet. These applications facilitate automated interaction through personalized communication between people; mass communication for disseminating information to thousands of people concurrently and personalized communication between people and automated systems. Ivrnet’s applications are accessible through nearly any form of communication technology, at any time, from anywhere in North America via voice, phone, fax, email, texting and the Internet.
Established in 2018, BiLD is an exciting new approach to how building data can be used to make better informed capital and operating decisions. Utilizing new technology in Machine Learning, the internet of things (IoT) and “Big Data”, BiLD looks to disrupt an industry that’s been static for decades.
BiLD was born out of witnessing the frustrations of building owners, operators and engineers first hand. The BiLD team brings over 25+ years of combined engineering and consulting experience within the building industry. No acceptable solution existed in which users could easily and effectively mange data, and more importantly learn and predict future outcomes from this data.
BiLD models each and every component within a building, along with the building itself, along an in-house developed algorithm to describe the decaying reliability of the asset given various parameters like age and maintenance history. BiLD takes daily operational data gathered from local facility operators and dynamically adjusts estimated component lifespans and associated costs. Historical information is stored in BiLD database of asset information, such as make, model and materials, to provide more realistic cost and reliability information for each individual asset. Even outside influence such as weather and location, has a direct influence on reliability and projected replacement time and cost of the asset. Comparative analysis on the asset is performed across the BiLD database to provide trends and patterns, thus simplifying future asset planning. The outcome of gathering all this data is BiLD begins to make predictions on how much a building will cost and when, greatly simplifying administration planning and reducing costly consultants.
This press release contains forward-looking statements which reflect Ivrnet’s current beliefs and are based on information currently available to Ivrnet. These statements require Ivrnet to make assumptions it believes are reasonable and are subject to inherent risks and uncertainties. Actual results and developments may differ materially from the results and developments discussed in the forward-looking statements as certain of these risks and uncertainties are beyond Ivrnet ‘s control.
These statements are based on Ivrnet’s understanding and assessment of applicable markets and the opportunities within those markets. However, there can be no guarantee that Ivrnet’s assessment is correct, or even if it is correct, that Ivrnet will be able to capture any of those revenue opportunities or that it will be able to grow those opportunities. These statements are based on the assumption that Ivrnet has the technical capabilities to build and deliver technical enhancements and that such technical enhancements will increase revenue opportunities for Ivrnet as anticipated. However, there can be no guarantee that Ivrnet will be successful in building and delivering those technical enhancements in a commercially viable manner or that such technical enhancements will deliver any new revenue opportunities for Ivrnet or, if generated, that Ivrnet will be able to capture such revenue opportunities. Consequently, all of the forward-looking statements made in this press release are qualified by these cautionary statements and other cautionary statements or factors contained herein, and there can be no assurance that the actual results or developments will be realized or, even if substantially realized, that they will have the expected effects on Ivrnet. These forward-looking statements are made as of the date of this press release. Except as required by applicable securities legislation, the Company assumes no obligation to update publicly or revise any forward-looking statements to reflect subsequent information, events, or circumstances.
For further information please contact:
Chris L. Topolniski – Chief Operating Officer, Ivrnet Inc.
Direct: (403) 538-9722
Cellular: (403) 870-2434
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.