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Zonetail (TSXV:ZONE) signs agreement with U.S.-based property management company

Market News, Technology
TSXV:ZONE
28 February 2023 14:15 (EDT)

Zonetail (ZONE) has signed an agreement with one of the largest property management companies in the U.S., representing around 150,000 apartments.

This agreement more than doubles the company’s current portfolio of properties. The company plans to begin the launch in Washington D.C. in March and roll out across the country, city by city.

This latest property management (PMC) client uses Yardi’s premium platform and mobile application, RENTCafe, as their tenant portal. This allows residents to communicate and interact with their property manager. Residents can create service requests and receive updates on community news, among other valuable tools.

The PMC’s tenants have been using the Yardi RENTCafe platform for several years. The majority of their residents use it on a regular basis. This provides Zonetail, and Zonetail marketplace clientele, with an instant, highly engaged and targeted consumer base to communicate with.

Zonetail marketplace will be available on the landing page once Zonetail’s simple three-step onboarding is complete.

Tenants will get immediate access to a wide range of unique offerings from local businesses in their surrounding area. They will have access to numerous existing and upcoming services offered by Zonetail partners. It includes home and concierge services via Thumbtack, delivery options from restaurants, grocery and other retailers via MealMe, and essential services offered by telecom, insurance, and many others.

Mark Holmes, CEO of Zonetail, commented on the news.

“This is a big win for the company and something we have been working towards throughout 2022. I’d like to thank the Zonetail team, and particularly Geoffrey Gelb, from the board of directors, for his valuable assistance. This agreement more than doubles our current portfolio of properties. It is the first major signing of 2023, a year that we expect will have many more.”

Zonetail provides a mobile platform which connects high-rise residents with people, products, amenities, and services.

Zonetail Inc. (ZONE) is up 20.00 per cent, trading at C$0.03 per share at 1:02 pm ET.


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