AP NEWS

IOTAS Expands Executive Team

June 6, 2018

PORTLAND, Ore.--(BUSINESS WIRE)--Jun 6, 2018--IOTAS, an innovator in premier smart apartment technology, announced today it has added Chad Summers as their new VP Revenue. Chad brings a diverse background of business ownership and sales leadership experience to the team. Previously he owned and operated an international lumber brokerage business and most recently served as VP Sales for a software company. Summers joins at the next phase of IOTAS growth and will be responsible for managing the increasing demand for IOTAS Smart Apartment system, which allows property managers and developers to bring a cohesive, connected internet of things (IoT) experience to residents.

With IOTAS’ exponential growth over the past two years, the sales and marketing initiatives have ramped up at an extremely rapid pace. Matt Greene has been spearheading both departments for IOTAS as VP Sales & Marketing and will transition to VP Marketing.

“Matt and the rest of the IOTAS team have done an amazing job driving our growth to be the recognized leader in IoT for Smart Apartments. By adding someone of Chad’s caliber, we benefit from his incredible background in sales, marketing, and leadership to the IOTAS team,” said Sce Pike, founder and CEO of IOTAS. “He will allow us to efficiently scale and expand our internal sales team and develop channel partners to drive the next phase of growth.”

IOTAS has secured smart apartment adoption in 35 markets with over 60 multifamily clients and counting. “We exceeded our 2018 sales goals in Q1 of 2018 working with some of the largest companies in the industry, so we’re pressing the accelerator as demand has kicked into high gear,” stated Pike.

“I’m extremely excited to focus my time on ramping up our evolving brand initiatives, continue leading the space in thought leadership, supporting our clients and their property marketing strategies as well as building out our resident end user platform and marketplace,” said Greene. “Adding someone of Chad’s caliber to our team allows us to scale faster, and brings more touchpoints to our clients with greater marketplace visibility.”

IOTAS’ growth has led the likes of Intel, Rogue Venture Partners, Oregon Venture Fund and others to invest in the future of this technology. Employee headcount has grown from twelve to thirty in the past twelve months with plans to add upwards of fifteen more to the team by year end.

“I’m joining IOTAS at an amazing time. Our customers are calling to let us know they’re ready to install on their other properties. Tenants are telling property managers they are choosing apartments down the street that offer IOTAS smart technology in the units. This is a result of all the hard work that came prior to my arrival and positions us for explosive growth. I’m excited to contribute to that growth,” said Summers.

About IOTAS

IOTAS is a Portland, Ore.-based developer of a premier smart home technology platform that delivers a fully-connected, smart home experience for residents and property managers that integrates IoT technology directly into multifamily units. IOTAS enables property developers to quickly install numerous smart devices by streamlining the set-up and deployment process. With this premium offering, building owners and operators attract new tenants at premium rents, while lowering utility and management costs. Residents have smart home technology as they move in that is managed from one app, voice control, and automation. For more information, visit www.iotashome.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005147/en/

CONTACT: IOTAS

Matt Greene, 619-251-4575

VP Marketing

matt@iotashome.com

KEYWORD: UNITED STATES NORTH AMERICA OREGON

INDUSTRY KEYWORD: BUILDING SYSTEMS TECHNOLOGY DATA MANAGEMENT SOFTWARE CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: IOTAS

Copyright Business Wire 2018.

PUB: 06/06/2018 10:00 AM/DISC: 06/06/2018 10:01 AM

http://www.businesswire.com/news/home/20180606005147/en

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