Quext – a leading technology company for the multifamily industry – recently announced its acquisition of Homebase, an innovative building technology platform that drives connectivity and communication for multi-resident communities. This deal brings together two of the most innovative companies in the space, creating a single source for multifamily operators to get the best-in-class community and managed WiFi solutions their residents request.
Quext’s acquisition of Homebase offers operators a comprehensive suite of features and solutions in what will soon become a unified user experience. And this provides greater flexibility and agility for a diverse range of property scenarios related to new constructions, retrofits, network requirements, edge hardware complexity, capital budget availability, etc.
The two organizations and platforms will continue independently growing their products so that each customer base can reap the benefits of their ever-innovating product sets while working quickly to evolve into a best-in-class single-user experience. And this unified platform will enable customers to choose from Quext’s unique LPWAN-based network with an embedded thermostat hub, a Homebase-style hub-less WiFi network solution, or a redundant path combination of these services.
KEY QUOTES:
“Today’s residents expect the latest in smart technologies, presenting an opportunity for apartment owners to not only meet the evolving needs of their residents but also achieve substantial income growth from their investments. By harnessing the combined strengths of Quext and Homebase, we’re poised to deliver the most comprehensive smart community solutions available in the market while advancing our mission to set a new standard for excellence in the multifamily space.”
— Dave Marcinkowski, Partner at Quext
“Quext and Homebase bring together the industry’s best solutions hardware and software expertise, along with extensive experience in real estate and smart building technologies. With the addition of Homebase’s CEO Blake Miller as our new Chief Product Officer, we’re reinforcing Quext’s commitment to driving operational efficiencies for our customers, expanding on solutions designed specifically for multifamily, rather than adapted to multifamily.”
— Dave Gilles, CEO of Madera Companies
“Quext has proven itself as a visionary in the multifamily industry, and it’s an honor to join the team and partner to bring the next generation of smart technology to operators and residents. This acquisition represents a significant leap forward for our development roadmap, bringing a substantial boost to our infrastructure and a tremendous opportunity to elevate our level of customer service for property managers and residents. Together, we’re poised to enhance the value and profitability of buildings while ensuring a seamless transition and a brighter future for our valued customers.”
— Blake Miller, newly appointed Chief Product Officer at Quext
