Global Proptech leader and ‘Tenant Experience’ category creator, Equiem, has announced the acquisition of European workplace management software company, spaceOS.
The acquisition will expand Equiem’s footprint to over 25 countries and grow the suite of features available on its ‘Equiem One’ platform, increasing revenues by 20 percent. A successful capital raise will bolster plans to expand their global footprint and continue delivering high-quality services.
The merger includes investment from Hitachi Ventures, BeyondBuild, German developer MOMENI, Caleus and others. Strategic backing from these European and Asia Pacific heavyweights will amplify Equiem’s global leadership in smart building tech and workplace experience. Tobias Jahn, Partner at Hitachi Ventures, will join Equiem’s Board.
Gabrielle McMillan Equiem CEO noted:
Equiem delivers a holistic platform for smart buildings by providing CRE owners a means to visualize operations. With rapid digitization underway, the office market is no longer static but requires reporting within a digital framework that serves to consolidate information for managing properties and their daily operations. All stakeholders across the office ecosystem need access to the right information in real time.
The acquisition comes off the back of significant growth for both companies, with Equiem reporting a 2.5X uplift in the number of buildings adopting Equiem’s platform in the last 12 months and spaceOS doubling its recurring revenue over the same period. The investment will fund the integration of spaceOS technology into the EquiemOne platform. Customers of both groups will benefit from a richer feature set, larger team and broader global benchmarking.
With its second major acquisition in two years, Equiem positions itself as one of the leading proptech consolidation platforms in the industry – dedicated to creating a comprehensive vertical operating system for all physical workplace assets and stakeholders. Further bolt-on acquisitions are on the horizon for the combined company to strengthen its market-leading positions in various geographies.
Previous acquisition, Vicinitee, enabled Equiem to add property operations functionality to its existing strong tenant experience, data, and customer engagement tools. With spaceOS, Equiem will now expand its suite of offerings to better serve flex space operators, hybrid workplaces and deepen its access control and integration capabilities.
David Adams, Equiem Chief Product Officer said, “With spaceOS joining Equiem we have a great opportunity to now offer Flex management solutions to asset managers and facilitate managing, marketing, and selling space-as-a-service on one integrated platform. We are also working on a lightweight toolkit to streamline core, day-to-day operations in B and C class commercial properties. Further, we will leverage the extensive access control integration service of spaceOS and offer it to all Equiem clients as soon as possible. This will come alongside a digital employee badge residing in the Apple and Android wallet, allowing employees to access buildings seamlessly with their smartphones.”
Of the merger, Tobias Jahn, Partner at Hitachi Ventures, said, “We are very excited about supporting this merger and, by doing so, paving the way for a global leader in workplace technology. For Hitachi, smart and energy-efficient buildings, tenant experience and workplace innovation are key development initiatives for the future of the organization. We believe that the combined company with a great leadership team and a versatile software platform is well positioned to support Hitachi successfully on this path.”
“Equiem and spaceOS share a vision of leveraging technology to help shape the future of offices and workplaces. With this merger, we are now uniquely positioned as a global leader, to continue to transform commercial real estate for the better and make it future-proof.” Said spaceOS Founder Marley Fabisiewicz.
The combined company will continue to operate under the Equiem brand. With a global presence and a market-leading product, the group is poised to shape the future of workplace technology and revolutionize the way we work.
For more information about the merger, please contact firstname.lastname@example.org