Urbanise.com Limited (ASX:UBN) has signed a five-year agreement with UK-based facilities management business Key Facilities Management (Key FM) that could generate at least $1.9 million in revenue.
Key FM will use the Urbanise Industry Cloud as its primary service delivery and Computer Aided Facility Management (CAFM) platform.
With operations currently across 21 countries, Key FM intends to extend its services internationally as well as diversify its activities and offerings within its home UK market.
The agreement with Key FM follows a number of recent deals that should deliver further revenue for the company.
In July, Urbanise.com signed a hosted services agreement with UK engineering, construction and services company NG Bailey.
It also signed in June an agreement with Australia’s ARA Building Services as well as contracts for its recently acquired Mystrata platform with South African property management company The Landsdowne Group.
Urbanise.com previously forecast in April 2015 that it was on track to deliver FY2015 revenues of $9.75 million and EBITDA of $4.4 million.
It targets the top tier operators in each region that manage a large percentage of the high value/high density buildings.
