Alokin Software Pvt. Ltd., an India-based information technology company, has signed a $4 million deal with Tenant Inc., a US-based real estate technology developer, to create software products for the property industry. self-storage. Alokin is expected to produce a range of solutions for use in Tenant’s facilities management platform, according to the source.
Alokin specializes in custom solutions for web, mobile and desktop applications. It also offers turnkey solutions in several areas, including language computing, content management and project management, according to the company’s website.
The deal has the potential to elevate Alokin’s reputation in the Kerala region, where it is located, according to Rajeev J. Sebastian, CEO of Alokin. “The pact is a testament to Kerala’s strength in the IT sector,” Sebastian told the source. “The engineering talents here could meet the challenges of technological development on an international scale.”
Tenant CEO Lance Watkins said Alokin’s technical skills and customer-centric approach helped close the deal, the source said.
Founded in 2003 as Pearlsoft, Alokin was incorporated in 2011 and accepted into the Technopark Technology Business Incubator program from which it graduated in 2015. Among the projects listed on its website is an unidentified self-storage search engine .
Based in Newport Beach, Calif., Tenant offers customizable tools for self-storage operators, including property management software, website technology, digital marketing services, and more.
The New Indian Express, Kerala start-up strikes $4m deal with US firm