Spain: Gestycontrol acquires Lockio digital key management startup

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

The real estate software company Gestycontrol Consultores Informáticos has announced the purchase of the company Lockio Soluciones Digitales with the objective of expanding its offer of product oriented to the real estate and banking sector.

Gestycontrol, founded in Madrid in 2011, counts among its occupations the development of projects for clients such as Haya Real Estate, Sareb, Inmoglaciar, Acciona and Housell, among others.

The software company defines itself in a statement as "one of the main players in technology in the real estate sector in Spain" and adds that it is the "leader in Real Estate Servers".

In the same text, it refers to its digital transformation process and reports that "since 2014 has been developing products to improve data quality by integrating real-time systems with custom developments, minimizing human errors and synchronizing all platforms of customers."

Gestycontrol launched a product in partnership with Lockio last year

Lockio, the startup you just purchased, is a digital key management platform established in 2017 that with a coded key ring offers detailed information of all the activity of those keys and their recovery in case of loss.

The partnership between these two companies is not new, since last year Gestycontrol launched a product in partnership with Lockio, Ohkeys, the digital serene, which the company defines as its "bet to bring this software solution to the particular user."

According to Gestycontrol in its statement, its acquisition will end up making Lockio the reference for the safe management of keys and documentation in Spain and also reports that it has recently added its portfolio of clients to proptech Housell.

Lescano (Gestycontrol): "Lockio is a product with great synergies with ours."

Gestycontrol's long-term advisor, Federico Luis Lescano, has indicated in relation to the purchase transaction that "Lockio is a product with great synergies with ours, which complements them perfectly."

However, he added that he will be given a "twist" to "bring it closer to smaller real estate, in addition to Real Estate Services and banks with own property portfolios."

Lescano said that with the union of Gestycontrol products and those of Lockio, the aim is to "offer a turnkey IAS (infrastructure as a service) tool" that covers all the needs of its customers and is "perfectly integrated".

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

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