Glorax Infotech Rates Developer IT Solutions
Andrei Birzhin, President of Glorax Development and founder of the Glorax Infotech accelerator, has participated in a board to rate companies offering digital solutions for St. Petersburg developers.
Over 20 startups and ready-made PropTech solutions were included into the rating by Delovoy Peterburg. The companies were rated by their revenue trends in 2018 and 2019. The rating authors also asked experts to comment on the elaboration of each project. The top 3 scores were secured by Sarex, Skyeer, and Ingipro, respectively.
The new rating may become a reference point for major developers seeking to implement innovative solutions.
“This year we have launched the Glorax Infotech accelerator and conducted our own analysis of multiple solutions in the PropTech market. Accordingly, our insight into both the integrity of development business processes and the prospects of certain IT solutions allows for a sound evaluation of the teams and startups. It’s essential for us that we are now at the origins of real estate digitalization, working to ensure that as many worthy IT developments as possible are implemented in our company and in the whole market,” says Andrei Birzhin, President of Glorax Development and founder of the Glorax Infotech accelerator.
According to Mr. Birzhin, such ratings show that development and construction industries become gradually more interested in business process transformation. This is also confirmed by the growth of investments into Russian PropTech startups. According to Glorax Infotech, 2019 investments amounted to RUB 700 mln, whereas at year-end 2020 they are expected to hit RUB 1.5 bln (a 100% leap per year).
The rating results will be useful for developers who sometimes find it challenging to independently monitor certain solutions but have realized the need for digitalization due to the pandemic. It will be recalled that the largest PropTech startup platform was launched on the basis of the Glorax Infotech accelerator this August. The platform offers innovative IT solutions for real estate, development, and infrastructure facilities.