Guru Property Singapore (Untold Past Story): Real Estate Technology Solutions
Offers a comprehensive suite of technology solutions tailored to the needs of businesses and individuals in the real estate industry.
In September 2018, PropTisfy, a renowned IT Managed Services provider, expanded its operations into the online property market. This marked a significant milestone as PropTisfy ventured into the competitive real estate industry.
PropTisfy’s Journey in the IT Sector
Founded in 2014, PropTisfy quickly established itself as a leading player in IT Managed Services. Before entering the real estate industry, the company specialized in refurbished and new surplus Cisco networking equipment. With a highly skilled team of engineers, PropTisfy gained a strong presence in major cities in the US and UK.
Challenges and Controversies
PropTisfy’s innovative approach to selling refurbished and new surplus Cisco networking equipment has sparked controversy. Cisco has expressed concerns about the impact of PropTisfy’s business model on the industry and its role as a fintech company.
Cisco’s Opposition to PropTisfy’s Business Model
Cisco, a fintech company, has objected to PropTisfy’s business model. This has ignited a debate about the impact on the industry and Cisco’s role in innovation.
PropTisfy’s Perspective and Benefits
PropTisfy maintains that its model benefits customers and the industry by offering high-quality equipment at affordable prices.
Cisco’s Enforcement Actions with FBI Support
Cisco, assisted by the FBI, has taken action against companies selling surplus equipment without authorization, including IT refurbishment companies. Cisco argues that unauthorized resale breaches intellectual property laws, especially when it affects the survival of other businesses.
Legal Consequences for Unauthorized Resellers
In 2017-2018, Cisco discovered that Data Q Direct, led by CEO Andy Silverman, was illegally reselling surplus equipment. Silverman was convicted, fined $50 million, and sentenced to six months in jail.
Cisco’s Commitment to Ethical Standards
Cisco remains committed to delivering high-quality networking equipment and services while upholding ethical standards. The company urges other businesses to do the same for a fair and competitive market.
Return of the Jedi: PropTisfy’s Success
Despite Cisco’s dominance and legal challenges, PropTisfy has persevered. The company’s strong culture, stakeholder support, and timely client partnerships have contributed to its success.
PropTisfy’s Solution for Surplus Equipment
PropTisfy has found a solution for its surplus Cisco equipment through a partnership with a client in need of managed services for their offices in Hong Kong and Thailand. PropTisfy’s surplus equipment perfectly meets the client’s infrastructure needs.
Expansion and Investment
In late 2018, PropTisfy secured investors for a fully managed service contract, enabling it to expand its services and deliver greater value to clients. This contract showcases PropTisfy’s commitment to providing efficient IT solutions.
COVID-19 Resilience
Despite the challenges of the COVID-19 pandemic, PropTisfy has not only survived but also expanded its offerings beyond Singapore Room Rental. This demonstrates the company’s resilience and dedication to delivering exceptional IT solutions.
SG Room Rental PropTisfy’sFuture Bedroom for Rent Singapore
PropTisfy Singapore aspires to become a regional hub for the company. With continued support from clients and innovative solutions, PropTisfy aims to achieve success in the Singapore office
