This acquisition broadens technological capabilities and introduces new income opportunities within the facilities management industry.
Singapore, Sept. 12, 2025 – Concorde International Group Ltd. (NASDAQ: CIGL) (“Concorde” or the “Company”), a provider of integrated security services that blends human resources with cutting-edge technology for efficient security solutions, today revealed that its wholly-owned subsidiary, Concorde International Group Pte. Ltd. (“Concorde Singapore”), has finalized a Software Purchase Agreement to obtain the assets of Software Risk, a cloud-based software-as-a-service (“SaaS”) platform built for smart, structured, and sustainable facilities management.
The agreement stipulates that Concorde Singapore will acquire the Software Risk assets for an aggregate sum consisting of (i) AUD 50,000 in cash, (ii) the allocation of 100,000 restricted Class A Ordinary Shares of the Company, subject to a one-year lock-up period, and (iii) a 10% share of revenue from the Software Risk platform’s earnings in the Australian market for twelve months. An independent valuation report from Markit Valuation Services Limited, dated February 28, 2023, estimated Software Risk’s value at around $57.5 million. This acquisition encompasses all platform components, such as modules, source code, object code, documentation, and associated content. It specifically excludes hardware, goodwill, domain names, and commercial operations not linked to Software Risk.
Grand View Research reports that the worldwide market for facility management software is valued at approximately USD 3.8 billion in 2024 and is forecast to reach USD 9.6 billion by 2033. Furthermore, Business Research Insights indicates that the wider facilities management sector, encompassing both digital and physical services, is also expected to see substantial expansion, increasing from USD 42 billion in 2024 to USD 92.9 billion by 2033. This expansion is driven by increasing demand for interconnected, IoT-enabled systems, with more than two-thirds of businesses implementing these technologies to boost efficiency and promote sustainability.
Software Risk serves as a cloud-based SaaS platform for facilities management, engineered to consolidate and streamline the supervision of intricate operations across either a single location or multiple sites. It offers a comprehensive system for handling maintenance, physical security, visitor entry, cleaning services, waste removal, environmental tracking, incident documentation, and task assignments. Through user-friendly web and mobile applications, administrators can automate processes, obtain live data, and monitor assets, leading to improved efficiency, reduced expenditures, and elevated service quality. The platform is adaptable for businesses of any size and integrates effortlessly with numerous third-party software and hardware solutions, contingent upon standard integration and licensing conditions.
Upon integration into Concorde’s proprietary Mobile Surveillance and Response ecosystem, Software Risk will convert the Company’s existing service portfolio into a cohesive platform that merges facilities management with mobile surveillance and swift incident response. The current integration process aims to improve incident handling, bolster resource alignment, and provide enhanced operational transparency across all client locations.
Swee Kheng (Alan) Chua, Concorde’s Chairman and Chief Executive Officer, stated, “Securing Software Risk’s assets bolsters our technological offerings and broadens our expertise in the facilities management domain. By providing a comprehensive, cloud-native platform, we are poised to assist organizations in boosting productivity, lowering expenses, and simplifying their operations, thereby offering greater value to our clientele and creating fresh income streams for Concorde. Procuring a ready-to-use software solution saves us significant time and money and, crucially, speeds up our market entry. Its capacity to integrate smoothly throughout our existing ecosystem is also critically important. For instance, it will considerably improve the responsiveness of our patented I-Man Facility Sprinter, supporting immediate operational needs for our security provisions. This deal aligns with our continuous strategy to merge cutting-edge technology with our primary security offerings, allowing us to deliver thorough, value-focused solutions to customers across diverse industries.”
About Concorde International Group Ltd
Concorde International Group Limited (Nasdaq: CIGL) is a company headquartered in Singapore, focusing on integrated security solutions and facilities management services. Founded in 1997, the Company is renowned for its daring and transformative innovations, particularly its integrated monitoring of properties, assets, and building systems under round-the-clock surveillance, guaranteeing thorough security and operational effectiveness. This is achieved through a collection of intelligent security solutions known as “I-Guarding Solutions.” Foremost among these is its patented I-Man Facility Sprinter – an innovative mobile vehicle-based platform that offers security and facility upkeep services.
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Forward-Looking Statements
This press release features forward-looking declarations. Such declarations encompass statements regarding plans, aims, objectives, strategies, forthcoming occurrences or outcomes, as well as foundational assumptions and other statements that are not merely historical facts. When the Company employs terms like “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or comparable phrases that are not exclusively about past events, it is making forward-looking statements. These statements do not assure future performance and carry risks and uncertainties that could cause actual results to vary substantially from the Company’s projections outlined in the forward-looking statements. These declarations are susceptible to uncertainties and risks including, but not confined to, those linked to market dynamics and other elements detailed in the “Risk Factors” section of the registration statement and annual report submitted to the SEC. For these reasons, among others, investors are advised against placing excessive trust in any forward-looking statements within this press release. Further factors are covered in the Company’s submissions to the SEC, accessible for review at www.sec.gov. The Company assumes no responsibility to publicly update these forward-looking statements to account for events or conditions that emerge subsequent to this date.
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