The AMP platform is a set of products and services designed to allow commercial real estate investors, owners and operators aggregate and access to investment information from any PC, laptop, tablet or mobile device, said a company release.
Sabeer Bhatia, co-founder and chairman, AMP Technologies said, "AMP is a cloud-based real estate asset management platform, and there is no need for the installation of hardware, software, databases, maintenances or upgrades."
Neel Naicker, co-founder and CEO, AMP Technologies said, "We have formed this company in 2010 and since then a lot of R&D has gone into developing our products. Earlier this year, AMP Technologies created an offshore services offering to provide commercial real estate investors, owners and operators with lease administration, finance and accounting, and due diligence services."
To address increasing client demand effectively AMP recently opened a new 250-seat facility in Chennai that will focus on future IT development of the platform and deliver lease administration, finance and accounting, and due diligence services using the AMP platform. The company will recruit 1,000 employees by the end of calendar year 2015 to service commercial real estate investors, owners and operators throughout the world.
"We will be recruiting 1,000 employees by the end of calendar year 2015 to service commercial real estate investors, owners and operators throughout the world," Naicker added.
Meanwhile speaking to reporters in Chennai, Bhatia said: "Currently there are about 100 employees at our facility here in Chennai. It is in Royapettah. We are planning to expand it to 1,000 employees by 2015".
Stating that the company launched the software for real estate developers in commercial segment early this year, he said this year the growth of the commercial real estate industry was 50 per cent.
"In terms of global figures, about $ one trillion was spent on services annually in customer real estate sector", he said explaining about the potential available in the industry.
Stating that the company was offering AMP Intelligence, AMP Lease and AMP Files targeted at the real estate developers in the United States, Bhatia said, "We are going to focus on three larger commercial real estate segments -- operator, capital markets and property services (from the Chennai facility)".
AMP's current products include AMPIntelligence, a financial reporting dashboard, AMPLease, a tool designed to analyse lease data, and AMPFiles to store, search and access critical documents and legal agreements documents from any mobile device.
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