Connect with us

Technology

ITANDI and RENOSY (Thailand) Collaborate and Begin Development of a Real Estate SaaS Business in Thailand

Published

on

Aiming to strengthen the foundations of the property management DX business in the Southeast Asia region

TOKYO, March 5, 2024 /PRNewswire/ — GA Technologies Co., Ltd. (Head office: Minato-ku, Tokyo; President, Representative Director and CEO: Ryo Higuchi, Stock Code: 3491; the “Company”) hereby announces that ITANDI, Inc., a group company, and another group company RENOSY (Thailand) Co., Ltd. have decided to collaborate and start business development in the Kingdom of Thailand (“Thailand,” hereafter), with details as follows.

ITANDI will leverage the track record and expertise it has developed in Japan with its real estate tech business including SaaS service with the aim of expanding business in the area. To establish a default standard in the Southeast Asia region where real estate digital infrastructure is underdeveloped, ITANDI will further accelerate the global development of online real estate.

Background

The GA technologies Group company ITANDI, which develops platforms including systems that improve business efficiency for the real estate rental management and rental brokerage sectors, has employed technology to streamline real estate transactions. As a result, it has become the most used brokerage firm in four real estate lease management services (*1) with sales revenue exceeding 3.0 billion yen. The number of companies that use its services is approximately 2,700(*2) and the number of online lease applications is approx. 970,000(*3) cases per annum, representing a market share of approximately 30% in lease applications nationwide (*4). In this way, ITANDI has been promoting the digital transformation of the entire real estate leasing industry.

Meanwhile, the Company’s group company RENOSY (Thailand) Co., Ltd., which maintains a top market share in the real estate rental brokerage business for foreign residents in Thailand(*5), has developed a cumulative user base of 18,500 people, targeting foreigners with a focus on major Japanese companies and their staff, primarily in Bangkok, Thailand. RENOSY (Thailand) operates the luxury rental property search platform dearlife by RENOSY that handles more than 2,000 brokerage cases per annum and has a track record of doing business with roughly 1,000 individual real estate owners and corporates in Thailand.

To date, the Company has also focused on overseas business development outside Thailand. In 2020, the Company acquired the business of Shenjumiaosuan, a company that has a leading share as a Japanese real estate platform for property investors in the Chinese cultural territories, and the Company has been concentrating on expanding its overseas business in Asia, including the recently announced establishment of a site in Taiwan.

As part of this strategy and in light of the local real estate management business environment in Thailand as described below, the Company sees the entry of the ITANDI business into the Thai market as a perfect opportunity to strengthen the foundations of the property management DX business in Southeast Asia, as the Company expects synergies from utilizing the existing assets of both group companies ITANDI and RENOSY (Thailand).

The Business Environment in Thailand and Expected Synergy EffectsGenerally speaking, in Japan it is common for real estate owners to entrust rental management to management companies, but in Thailand, individual real estate owners (or corporations) conduct rent collection and general management activities, with the development of rental management businesses and digitalization lagging behind that of Japan.In fact, a certain number of real estate owners who deal with dearlife by RENOSY have expressed dissatisfaction with the complex processes.By providing the services developed by ITANDI, convenience for real estate owners that represent its customers will be improved.In introducing this service, speedy sales activities will be possible, as dearlife by RENOSY already does business with a very large number of real estate owners in Thailand.Upcoming Schedule

The Company has been considering this undertaking for some time, and with this news release it will enter a phase of full-scale efforts to consider commercialization. In May 2024, the Company’s executive officer in charge of development is scheduled to take up a post at its location in Thailand. By assigning a development manager to the site of business development, the Company will drive speed development consistent with local needs.

To date, the GA technologies group has cultivated expertise in online real estate and real estate SaaS in Japan. By rolling out and introducing the expertise outside Japan, the Company will further advance the global development of online real estate.

Profile of ITANDI, Inc.

Company name: ITANDI, Inc.
Representative: Akihiro Nagashima, Member of the Board & CEO
URL: https://www.itandi.co.jp/
Headquarters: Sumitomo Fudosan Roppongi Grand Tower 42F 3-2-1 Roppongi, Minato-ku, Tokyo
Established: June 2012
Share capital: 36 million yen
Business description:
– Development and operation of the ITANDI BB real-time website for real estate agents
– Development and operation of the ITANDI BB+ suite of DX services for real estate rental operations
– Development and operation of the OHEYAGO online real estate rental service

Profile of RENOSY (Thailand) Co., Ltd.

Company name: RENOSY (Thailand) Co., Ltd.
Representative: Chief Executive Officer  Koichiro Ando
URL: https://inquiry.renosy.com/special/thailand/
Address: 19th︎ Floor,︎ Bhiraj︎ Tower︎ at︎ EmQuartier︎ 689︎ Sukhumvit︎ Road,︎ Klongton︎ Nua,︎ Vadhana,︎
Bangkok︎ 10110︎ THAILAND
Business description:
– Real estate rental brokerage business (Bangkok Branch / Si Racha Branch)
– Real estate sale, purchase and resale business
– Real estate management business
– Home renovation business
– Maid service dispatch business
– Soccer school operation
– Operation of Muay Thai and fitness gym

Profile of GA Technologies Co., Ltd.

Name: GA Technologies Co., Ltd.
Representative: Ryo Higuchi, Representative Director, Executive Officer, and CEO
URL: https://www.ga-tech.co.jp/en/
Headquarters: Sumitomo Fudosan Roppongi Grand Tower 40F 3-2-1 Roppongi, Minato-ku, Tokyo
Established: March 2013
Business description:
– Development and operation of RENOSY, a brand of the online property investment service
– Development of SaaS type of BtoB PropTech products
Major groups companies: 21 companies including ITANDI, Inc., Shenjumiaosuan Co., Ltd., Spica Consulting Inc., and RW OpCo, LLC.

CONTACT:
Name: Judy Yu
Email: pr@ga-tech.co.jp 
Phone: 81-80-8899-1699

 

(*1) “Survey of impact of COVID-19 Pandemic on Rental Real Estate Market in 2023 Moving Season (January-March)”  https://lmc-c.co.jp/wp/wpcontent/uploads/2023/07/lmc_releace_20230726.pdf Related Press Releases: https://www.itandi.co.jp/news_posts/1104

(*2) As of October 31, 2023

(*3) Time period covered: November 1, 2022 – October 31, 2023

(*4) The ratio was estimated using the First Edition_2020_1224 REAN JAPAN Market Report. According to the report, the number of lease brokerage agreements was 2.28 million. The said estimated ratio was obtained using the number of lease applications submitted to ITANDI, which was calculated to be 3.25 million based on the report, the rate of cancellation (30%) faced by ITANDI between lease application and contract, and the number of online rental applications (November 2022 – October 2023) submitted to ITANDI.

https://rean-japan.jp/images/REAN-JAPAN-Market-Report%E7%AC%AC1%E7%89%88_2020_1224.pdf? 20201223

(*5) The share was calculated based on the financial information obtained from the Ministry of Commerce, Thailand

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/itandi-and-renosy-thailand-collaborate-and-begin-development-of-a-real-estate-saas-business-in-thailand-302079592.html

SOURCE GA technologies Co., Ltd.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Siemon Announces Optical Patching Solutions for GenAI Networks Using NVIDIA Accelerated Computing

Published

on

By

Siemon announces it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks.

WATERTOWN, Conn., Sept. 22, 2024 /PRNewswire-PRWeb/ — The Siemon Company, a global leader in network infrastructure solutions, today announced it is offering its full range of optical patching solutions to work specifically with NVIDIA AI infrastructure for generative AI networks. Large complex GPU clusters can benefit from using structured cabling patch panels versus point-to-point cabling. Siemon acts as a trusted advisor to customers by providing expert advice and best practice recommendations for design & deployment of NVIDIA AI Infrastructure.

“Siemon is very familiar with NVIDIA reference architectures and has worked with many customers to design and deploy NVIDIA clusters… Siemon offers a full range of AI-ready fiber cabling, DAC, and AOC solutions that support 400G, 800G, and 1.6T applications.”

As part of the solution integration, Siemon has joined the NVIDIA Partner Network (NPN) as a Solution Advisor Consultant. NPN Solution Advisor Consultants provide consultation services and expert advice to customers looking to implement NVIDIA-based solutions or technologies. Siemon joins the network to offer its expertise in addressing the unique infrastructure and cabling challenges presented by accelerated computing.

NVIDIA optical reach specifications are calculated assuming two optical patch panels are used in the link and assuming each employ two optical connectors, which makes for a total allowance of four optical connectors in the link. The Siemon optical patching solutions meet NVIDIA requirements and provide customers with flexibility and ease of management.

Media Contact

Brian Baum, Siemon, 1 8609454200, brian_baum@siemon.com

View original content:https://www.prweb.com/releases/siemon-announces-optical-patching-solutions-for-genai-networks-using-nvidia-accelerated-computing-302254640.html

SOURCE Siemon

Continue Reading

Technology

AMSimpkins & Associates Awarded Wisconsin Technical Purchasing Consortium Contract RFB 25-002TP – for Identity Verification Solutions

Published

on

By

AMSimpkins & Associates has been awarded the Wisconsin Technical Colleges Purchasing Consortium (WTC-PC) contract for Identity Verification Solutions. This partnership includes providing their advanced S.A.F.E. (Student Application Fraudulent Examination) platform to 16 Wisconsin technical colleges, enhancing security and safeguarding against fraudulent student applications. With a focus on higher education, AMSA aims to support these institutions in maintaining the integrity of their admissions processes and preventing identity fraud. This collaboration underscores AMSA’s commitment to delivering innovative solutions tailored for the education sector.

ATLANTA, Sept. 22, 2024 /PRNewswire-PRWeb/ — AMSimpkins & Associates is proud to announce its selection by the Wisconsin Technical College System Purchasing Consortium (WTC-PC) to provide Identity Verification Solutions through the S.A.F.E. platform. The WTC-PC comprises 16 independent, publicly funded two-year technical colleges across Wisconsin, including Blackhawk Technical College, Chippewa Valley Technical College, Fox Valley Technical College, and Milwaukee Area Technical College, among others.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSA. This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

With a focus on preventing identity fraud, AMSimpkins & Associates’ comprehensive solutions will strengthen the security measures across admissions, enrollment, and financial aid processes, ensuring secure verification and compliance with federal and state regulations. S.A.F.E. will now support Wisconsin’s higher education system, offering its cutting-edge technology to streamline operations and safeguard student data.

“We are honored by the Wisconsin Technical College Consortium’s trust in AMSimpkins & Associates,” said Maurice Simpkins, President and Founder. “This partnership further emphasizes our commitment to providing secure, innovative identity verification solutions that support the needs of educational institutions in protecting their students and operations.”

As part of this agreement, AMSimpkins & Associates will deliver comprehensive services, including system integration, training, and ongoing support to ensure seamless implementation. S.A.F.E.’s capabilities are designed to evolve with growing threats of fraudulent activities, keeping institutions one step ahead in securing student identities.

Institutions in the Wisconsin Technical College System:

Blackhawk Technical CollegeChippewa Valley Technical CollegeFox Valley Technical CollegeGateway Technical CollegeLakeshore Technical CollegeMadison Area Technical CollegeMid-State Technical CollegeMilwaukee Area Technical CollegeMoraine Park Technical CollegeNicolet Area Technical CollegeNorthcentral Technical CollegeNortheast Wisconsin Technical CollegeNorthwood Technical CollegeSouthwest Wisconsin Technical CollegeWaukesha County Technical CollegeWestern Technical College

The S.A.F.E. platform’s advanced identity verification services will play a pivotal role in securing sensitive data and ensuring a safe and fraud-free environment for Wisconsin’s technical colleges and their students.

For more information about AMSimpkins & Associates and the S.A.F.E. platform, please visit amsa-highered.com.

Media Contact

LAQWACIA SIMPKINS, AMSimpkins & Associates, 1 6786824193, LSIMPKINS@AMSA-CONSULTING.COM, amsa-highered.com

Twitter, Facebook, LinkedIn

View original content:https://www.prweb.com/releases/amsimpkins–associates-awarded-wisconsin-technical-purchasing-consortium-contract-rfb-25-002tp—for-identity-verification-solutions-302253867.html

SOURCE AMSimpkins & Associates

Continue Reading

Technology

Shijingshan: Committed to High-Level Openness

Published

on

By

BEIJING, Sept. 22, 2024 /PRNewswire/ — Following the third plenary session of the 20th Central Committee of the Communist Party of China, China successfully hosted its first national-level international large-scale fair—the China International Fair for Trade in Services (CIFTIS) 2024, which concluded on September 16. The event featured exhibitors from 85 countries and international organizations, participating under their national governments or headquarters, with over 450 Fortune Global 500 companies and industry leaders showcasing their offerings both online and offline.

Adhering to the open, cooperative and mutually beneficial principle, the CIFTIS injects new momentum into global economic development through concrete actions. As one of the “dual venues” for the fair, Shijingshan District hosted a variety of business activities, including exhibitions, negotiations, and conferences. While providing meeting organization services, it showcased the achievements of Shijingshan in fostering openness and development. By leveraging the Fair’s platform, Shijingshan seeks to promote its developmental advantages globally and aims to attract more partners to this welcoming district for mutually beneficial and win-win cooperation.

Presenting Achievements in Open Cooperation and Development in Multiple Dimensions

This CIFTIS’s Shougang Park venue is composed of nine thematic exhibitions, including telecommunications, computer and information services; financial services; culture & tourism services; education services; sports services; supply chain & business services; engineering consulting & construction services; health services; and environmental services. It circles around cultivating new quality productive forces while showcasing the latest achievements, technologies, and applications in the digitalization, intelligentization, and greening of services trade, creating a “debut stage” for global services trade.

Shijingshan leverages its strengths by organizing five thematic exhibitions and four promotional booths on-site. The culture & tourism services exhibition promoted Shijingshan’s rich culture and tourism resources, while also building a support area for paired assistance to highlight its revitalization efforts to a global audience. The financial services exhibition showcased its achievements in economic development across five sectors, that is, sci-tech finance, green finance, inclusive finance, pension finance, and digital finance. The exhibition of telecommunications, computer and information services highlighted the growth of Shijingshan’s the artificial intelligence large model industry cluster and key humanoid robot enterprises. In addition, the primary and secondary school science education experimental zone invited participation from six national-level science education centers, including Shijingshan District, to display their accomplishments. Four schools, including the Beijing National Day School Shijingshan, showcased their scientific research and learning outcomes through visual presentations and videos, while also engaging visitors in interactive science experiments.

The AIES Beijing Open is made up of four competition areas, virtual cycling, virtual rowing, virtual dance, and virtual table tennis. The event welcomed international competitors, domestic professional athletes, high-level amateurs, and university students, while showing the achievements of the “digital + sports” industry. Besides, four promotional booths focused on taxation, justice, investment, and commerce showcases Shijingshan’s tax and judicial policies, offering one-stop policy guidance for participating businesses and visitors. These booths also clarified investment promotion policies, creating a unique event that integrates commerce, tourism, culture, and sports.

Working Together for Global Open Cooperation and Development

The Open Cooperation Forum 2024 was held on the afternoon of September 13. Experts, scholars, government representatives, and business leaders from both domestic and international backgrounds gathered at the Shougang Park to engage in in-depth discussions on promoting high-level open cooperation and supporting regional economic development. Shijingshan District is committed to taking industrial transformation as the strategic foundation for its initiatives, establishing several distinctive industrial parks, including the Intelligent Technology Park, Industrial Internet Park, Virtual Reality Park, Science Fiction Industry Cluster, and Artificial Intelligence Large Model Cluster. What’s more, the district is focusing on new opportunities in future information, future health, future manufacturing, and future space, continually enhancing its innovation capacity, development vitality, economic strength, and overall competitiveness.

It is dedicated to expanding openness as a key driver for integrating into the capital’s new development pattern. The district capitalizes on a range of policy opportunities, including the construction of Beijing’s two zones, effectively leveraging the role of expanding services and deepening economic reforms. It continues to optimize the business environment, actively participates in organizing the CIFTIS, and develops high-standard international cooperation zones to provide a broad platform and efficient services for enterprises to settle and cluster. Shijingshan aims to implement high-level openness to promote high-quality development, enhance mechanisms for foreign openness, innovate and elevate services trade, and align with international economic and trade standards, creating a premier business environment characterized by marketization, rule of law, and internationalization.

Three parallel forums took place during this CIFTIS. With the theme of “Leveraging Overseas Strength for Development • Pursuing Broad Horizons Through Innovation”, the Dream Incubator of Overseas Chinese Beijing Forum set up ten sub-venues abroad, aiming to enhance the involvement of overseas Chinese’s capital and expertise in Beijing’s high-quality development. The Artificial General Intelligence Computility Forum focused on “Releasing New Quality Productive Forces with Unbounded Intelligence and Computational Foundations”, where industry experts and scholars explored new possibilities in artificial general intelligence computility. The Digital Energy Development Forum 2024, themed as “Energizing the Future with Digital Innovation”, showcased a range of quality development achievements and finalized partnerships for several high-quality projects, uniting all parties to advance digital innovation and development.

The rich array of side events is one of the highlights of this CIFTIS. The International Open Cooperation Promotion Conference circled around developing the international open cooperation zone, drawing representatives from international organizations, leading global companies, and prospective businesses seeking to establish a presence in these areas. It centered on the advantages of Shijingshan’s key industries to attract target enterprises. Furthermore, the Roundtable Discussion of Foreign-Funded Enterprises engaged representatives from international organizations, business associations, and foreign-funded companies from countries like Malaysia, Singapore, and France to explore collaboration in aligning with high-standard international economic and trade rules, as well as market access in the service sector, sharing the successes of modernization with Chinese characteristics.

To enhance the consumer experience for attendees of the CIFTIS, Shijingshan has expanded its comprehensive service offerings in areas such as food, accommodation, transportation, tourism, entertainment and shopping. The Second “Here I Am for CIFTIS” Shijingshan Culture and Tourism Carnival has been significantly upgraded, evidenced by the “Divine Beasts Ascend to Immortal Mountain”: Enchanting Night Tour in Shijing Mountain. The “Surprises Await in Shijingshan. Hey There, CIFTIS!” promotional event was held during the 14th Shijingshan Consumption Festival. This included online surprise announcements and a consumption map showcasing quality shopping venues. Special surprise floats were on display, with oversized themed shopping bags distributed. Shopping centers like Joy City, Xirondo Plaza, Modern Plaza, and Chang’an Mills in Shijingshan also launched supporting promotional activities. Business tours in Shijingshan offered three dedicated routes, inviting exhibitors from digital technology, finance and insurance, culture and tourism, and sports related industries to explore relevant industrial parks and attractions for in-depth exchanges.

The China International Fair for Trade in Services 2024 has successfully concluded. Utilizing this platform, Shijingshan has once again showed its high-quality development achievements and favorable business environment to a global audience. We look forward to collaborating with more partners in an open and inclusive manner to create a win-win future.

View original content:https://www.prnewswire.com/news-releases/shijingshan-committed-to-high-level-openness-302254872.html

SOURCE Open Cooperation Forum

Continue Reading

Trending