Verdafero’s expansion into the commercial building physical security market provides its security channel partners, such as security dealers, security integrators and central monitoring stations, an additional service to offer to their customer base, resulting in added recurring monthly revenue (RMR), Hood explained. 

“It’s a cloud-based software platform,” he said. “There is no installation needed. Really, it becomes a pass-through for the security dealer or integrator — a service they can supply to their customer. As trusted security advisors they can ask their existing customers, ‘Who is looking after your utilities?’ We set up and receive all data feeds from smart meters or self-installed sub-meters to get immediate notification and send reports or critical alerts as necessary.”

Building on Verdafero’s extensive suite of utility data analytical software modules, this new commercial property service delivers analysis of utility data to detect leaks, potential billing errors, operational problems or misuse — adding value to building owners/operators. Verdafero’s channel partners can now offer a comprehensive commercial security service utilizing Verdafero’s Utility Monitoring & Analytics service and constantly track, analyze and report all of their customers’ buildings and immediately notify them of any irregularities or problems.  

In addition to utility monitoring, the software is also capable of being integrated into an existing security system to alert if there has been tampering with the system. “It can show if there is unwanted energy use, equipment problems or potential water leaks” Hood explained. 

Beyond the RMR potential, the software also can lead to more services security dealers or security integrators can offer their customers. “With the data insights provided by the analysis, if there is a problem like a billing error they can step forward and offer services to help the customer fix that.”

Hood explained the service is ideal for commercial buildings such as hotels, office blocks and customers that may have several locations, meters or sub-meters.

Hood added, “As Verdafero continues to expand the limits of building analytics with this new service in a new market, we believe that it is a natural step in a security provider’s IoT strategy to offer their existing property owner/manager customers a secure and vital utility monitoring platform to better secure their properties and businesses. This marks a significant step forward for the worldwide property security market. We are proud to have achieved yet another milestone in this emerging market and look forward to bringing more deep learning analytics to key industry segments.” 

Visit www.verdafero.com for more information.