QuintoAndar Acquires Condo Management Platform NokNox

March 9, 2022
Share this Post: 

The Brazilian real estate marketplace operator QuintoAndar has announced its acquisition of condominium management specialist NokNox for an undisclosed sum.

Noknox provides a mobile platform that connects residents to landlords, doormen and service providers, facilitating communication and everyday life in a condominium through the digitization of tasks and interactions such as package registration and visitor management.

“We understand that the people who interact in a condominium – residents, employees and the landlord – would benefit from a modern and simple technological support. Noknox was an easy choice because it is a company that, like QuintoAndar, also has technology in its DNA and offers the best experience and product on the market”, says André Penha, CTO and co-founder of QuintoAndar. “Our intention is to take the application to condominiums throughout Brazil and accelerate digitalization, making life easier for people in the routine of their homes”, completes the executive."

The company will continue to be run by its 8 person team based in Sao Paulo and, like other QuintoAndar acquisitions, will not undergo any rebrand or be subsumed into QuintoAndar's operations.

The acquisition allows the rapidly expanding company to expand its reach and revenue stream into an adjacent area and is expected to provide good synergies with Síndico.Net, a platform hosting content, training and services related to condominium living which was acquired by Quinto Andar in 2020.

Quinto Andar has been busy over the last few months having bought out all of Navent's real estate portal sites just before the new year and undergoing a rebrand in January as it looks to dominate the Latin American real estate market.

Other real estate marketplace companies that have shown an interest in residential community management apps include REA India's Housing.com which tied up a deal with MyGate Homes in October.

March 9, 2022
Edmund got to know the world of portals and marketplaces working at Mitula Group (which became Lifull Connect after the buyout in 2018). He worked directly with hundreds of portals across the world in his role in the content department for three and a half years before transferring to the SEO department to understand the inner workings of listings sites. He joined Online Marketplaces as Head of Content in March 2020.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Onthemarket Debt
OnTheMarket Launches First Majority Agent-Owned CRM

OnTheMarket has launched its own proprietary customer relationship management (CRM) platform for estate agents following a successful trial period. Dubbed...

Read More
Square Yards Construction 3
Square Yards Launches Commercial Real Estate Fractional Ownership Product to Indian Market

The diversified real estate marketplace company Square Yards has launched a fractional investment product to the Indian market. Offered through...

Read More
Rightmove
Rightmove CEO Sells More Shares Ahead of Retirement

Rightmove CEO Peter Brooks-Johnson has sold a portion of his shareholding in Rightmove ahead of his retirement next year. A...

Read More
Visual Guide Uk 1
Ultimate Visual Guide to Property Portals in the UK

The UK's property market is an interesting one: powered by a mammoth portal, flush with challengers and regional portals to...

Read More

Editor's Pick