SoftTech Engineers Ltd. has recently announced its strategic investment in a Singapore-based Company, ‘Qi Square Private Limited’. Qi Square is a spin-off company from the Nanyang Technological University (NTU), Singapore.
Commenting on this alliance; Mr. Vijay Gupta, Founder, Chairman & Managing Director at SoftTech Engineers Limited, said, “In the backdrop of the need for urgent global climate action, this innovative platform will help accelerate the productivity of green projects through digitalization.”
He further added that, “Cloud-powered and AI-based platform, BtrLyf will enable acceleration of super low energy buildings and contribute positively to the decarbonization of the built environment. We will work with the dynamic and energetic BtrLyf team to enhance the platform and connect with our CAD/BIM-based permit system.”
Mr. Nilesh Jadhav, Co-founder and CEO of Qi Square, said that it will help the company grow strengths on its mission to provide cutting-edge digital technologies for the green building industry and support Singapore’s Green Plan 2030 objectives. He further added that the partnership with SoftTech opens up new avenues to boost the building industry sustainability efforts through enhanced digitalization and end-to-end green project execution support.
Ruby Consulting, a M&A advisory firm, acted as the advisors to this strategic investment.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.