Residential property services group LRG has extended its partnership with property inventory and inspection software provider Inventory Hive under a new multi-year agreement, according to an announcement from both companies. Under the renewed deal, LRG will continue utilizing Inventory Hive across its property management operations.
The Evolution of LRG and Inventory Hive’s Technology Partnership
Beyond standard inspection software usage, the collaboration between the two firms has previously yielded technological developments. According to the companies, their partnership has included the creation of Inventory Hive’s Diary & Maps system, a tool designed to help property management teams schedule and coordinate site visits and inspections. The latest multi-year agreement ensures the continuation of that relationship, though specific financial terms and the exact length of the contract were not disclosed by either party.
Executive Perspectives on Operational Excellence
Richard Abbots, CEO of Inventory Hive, noted that the extension underscores the strength of a long-standing association. “LRG has been a valued client and partner for many years, and this extension reflects the strength of the relationship we have built together,” Abbots stated. He added that both entities share a commitment to driving operational excellence through technology.
Echoing that sentiment, Kim Lidbury, group director at LRG, highlighted the software’s practical impact on day-to-day business functions. “Inventory Hive has become an important part of our property management operations, helping our teams deliver consistent, professional and efficient services across the business,” Lidbury said. She further noted that the software provider has consistently demonstrated a genuine understanding of LRG’s operational requirements.
Frequently Asked Questions
What companies are involved in this partnership extension?
The agreement involves residential property services group LRG and property inventory and inspection software provider Inventory Hive.
What technology was developed as part of this partnership?
According to the companies, the partnership has included the development of Inventory Hive’s Diary & Maps system, which helps property management teams coordinate and schedule property visits.
Were the financial terms of the new agreement disclosed?
No, the companies chose not to disclose the financial terms or the exact duration of the multi-year agreement.
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