Carrier, the parent company of LenelS2, Onity, Supra, Kidde, Edwards, and a variety of other fire and security product brands, announced on Thursday that it has acquired BrokerBay Inc., a provider of real estate schedule software. Terms of the deal were not disclosed.
According to a statement, BrokerBay’s software, which streamlines the real estate scheduling and showing experience and also standardizes electronic lockbox access, is expected to strengthen Carriers access solutions within is Fire and Security business.
"The acquisition of BrokerBay delivers on Carrier's long-standing commitment to growth and innovation," said Jurgen Timperman, President, Carrier Fire & Security. "Our Supra real estate lockbox management and mobile credentialing business paired with BrokerBay's capabilities to deliver advanced digital solutions will improve efficiencies for North American real estate agents, while also driving our strategy of increasing recurring revenue through enhanced services."
Following closing, which is expected in October, Carrier said that the combination of BrokerBay and Supra will provide a one-stop shop for realtors that combines scheduling and mobile lockbox access in an intuitive, user-friendly experience.
"With increasingly high volumes in real estate showings, there is a need for agents to act with speed and efficiency," said Jeffrey Stanek, Managing Director, Global Access Solutions, Carrier Fire & Security. "This acquisition will further ensure they have the best solutions available to succeed."
"We're excited to join Carrier as we share a strong commitment to the real estate community," said Costa Ntoukas, CEO, BrokerBay. "BrokerBay will continue delivering best-in-class solutions and integrations to all real estate agents, including Supra customers. We also look forward to joining forces in revolutionizing digital services that exceed our customers' expectations."
