PALM BEACH GARDENS, Fla.,
Sept. 16, 2021 /PRNewswire/
-- Carrier Global Corporation (NYSE:CARR) the
leading global provider of healthy, safe, sustainable and
intelligent building and cold chain solutions, has signed an
agreement to acquire BrokerBay Inc., a pioneer in the development
of an advanced, streamlined and user-friendly real estate
management cloud ecosystem. The software's ability to reduce a
brokerage's administrative workload, streamline the real estate
scheduling and showing experience, as well as standardize
electronic lockbox access, will strengthen Carrier's leading access
solutions offering within its Fire & 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."
Supra, part of Fire & Security's Access Solutions
business, has been serving the real estate industry for over 60
years, with key mobile credentialing technology deployed across an
installed base of 4 million locking devices in multiple industries.
Supra is a market leader in supporting real estate showings and
enabled 45 million property showings in 2020.
Following closing, which is expected in October, BrokerBay and
Supra will provide a one-stop shop for realtors that combines
scheduling and mobile lockbox access in an intuitive, user-friendly
showing experience to empower agents, reduce workload and provide
"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."
The acquisition aligns with Carrier's stated business
development approach of strategic acquisitions in digital and
aftermarket that will drive recurring revenue for the company.
The terms of the transaction were not disclosed.
As the leading global provider of
healthy, safe, sustainable and intelligent building and cold chain
solutions, Carrier Global Corporation is committed to making the
world safer, sustainable and more comfortable for generations to
come. From the beginning, we've led in inventing new technologies
and entirely new industries. Today, we continue to lead because we
have a world-class, diverse workforce that puts the customer at the
center of everything we do. For more information,
visit www.Corporate.Carrier.com or follow us on social
media at @Carrier.
This communication contains
statements which, to the extent they are not statements of
historical or present fact, constitute "forward-looking statements"
under the securities laws. These forward-looking statements are
intended to provide management's current expectations or plans for
Carrier's future operating and financial performance, based on
assumptions currently believed to be valid. Forward-looking
statements can be identified by the use of words such as "believe,"
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words of similar meaning in connection with a discussion of future
operating or financial performance or the separation from United
Technologies Corporation (the "Separation"), since renamed Raytheon
Technologies Corporation. Forward-looking statements may include,
among other things, statements relating to future sales, earnings,
cash flow, results of operations, uses of cash, share repurchases,
tax rates and other measures of financial performance or potential
future plans, strategies or transactions of Carrier, the estimated
costs associated with the Separation, Carrier's plans with respect
to its indebtedness and other statements that are not historical
facts. All forward-looking statements involve risks, uncertainties
and other factors that may cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. For additional information on identifying factors that
may cause actual results to vary materially from those stated in
forward-looking statements, see Carrier's reports on Forms 10-K,
10-Q and 8-K filed with or furnished to the U.S. Securities and
Exchange Commission from time to time. Any forward-looking
statement speaks only as of the date on which it is made, and
Carrier assumes no obligation to update or revise such statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
SOURCE Carrier Global Corporation