In the August 8 edition of Business in Vancouver, Sean Yoon describes QMC’s cloud-based utility management technology, global reach announcement and business growth news.
Here are the highlights from the story:
Local software company extends its reach to Africa
QMC’s Cloud-based tech targets utility consumption efficiency improvements
A Vancouver-based firm has global ambitions for its software that keeps tabs on water meters and other utility gauges.
QMC Submetering Solutions, makers of MeterConnex monitoring software, is partnering with South Africa’s Apex Innovation to collect data for Apex’s heat and water metering systems.
For building owners and tenants in South Africa, conserving utility consumption is important because there are significant water restrictions and resources are limited.
Typically, in multi-tenant buildings like highrise condominiums or shopping malls, building owners have central utility meters that measure overall consumption, but not how much each tenant or building unit uses. Secondary meters, or sub-meters, are installed to measure individual consumption, allowing tenants to monitor their use and pay only for what they use.
Apex Innovation managing director Brynn Williams said QMC’s software will allow the South African company to serve commercial and apartment property managers better in that country.
According to a QMC statement, the company has experienced 30% revenue growth year over year for the past three years, due to rising demand from commercial, multi-unit residential and institutional real estate markets.
QMC’s submeters and software are used across Canada in leading properties like Telus Garden, West Edmonton Mall, Pacific Centre, Metro Centre and Air Canada Centre for clients such as Oxford Properties, Ivanhoe Cambridge, GWL Realty Advisors and Concert Properties.