Carrier Global Corporation, a provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has signed an agreement to acquire BrokerBay, a software company focused on 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 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.”