Veritec’s SaaS solution for Self-Storage Pricing and Revenue Management continues to evolve. The base product has now been updated with several new features and functions to make setting street rates and managing existing customer rents even more effective and efficient. Our user base now includes a range of self-storage firms from large REITs to smaller portfolios, some with less than 10 stores. In addition, the value pricing module, pioneered in conjunction with StorageMart, has now been piloted and tested with an additional company and the initial results have been phenomenal. We expect to be able to make this module of the software available more broadly over the next quarter.
In addition to our continued work in self-storage, we’ve also kept busy with pricing analytics projects in other industries, including our first in the health care industry in over a decade.