WeWork acquires workplace real estate management platform

WeWork acquires workplace real estate management platform SpaceIQ

The We Company, the global coworking company and WeWork’s parent firm, announced that it has agreed to acquire SpaceIQ, a workplace real estate management and operations platform that helps companies manage everything from space planning to global portfolio optimization.

”As part of WeWork, SpaceIQ will allow us to strengthen our ability to help enterprises make informed decisions across the entirety of their real estate portfolio,” said in a statement. 

SpaceIQ was founded in 2016 by chief executive officer Shahar Alster, chief product officer Noam Livnat, and chief operation officer Jeff Revoy, with employees based in Mountain View, California, and Salt Lake City, Utah.

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“SpaceIQ’s incredible team and technology will help us build on our existing enterprise stack of workplace experience software and insights, and allow us to provide companies with workplace real estate management and optimization, including move management, space stacking, and richer portfolio analytics,” said Shiva Rajaraman, WeWork’s chief technology officer.

“SpaceIQ’s real estate planning and operations platform has been instrumental in supporting Slack’s rapid growth,” said Deano Roberts, VP, global workplace and real estate, at Slack. “As a customer of WeWork’s workplace experience software Teem, we are thrilled to see these two companies come together and look forward to having our workplace planning and utilization data in one single solution—providing a holistic view of our real estate portfolio.”

“SpaceIQ’s mission, from its inception, was to provide companies with a modern platform to manage the entire real estate life cycle, from space and move planning to global portfolio optimization,” said Shahar Alster, SpaceIQ’s cofounder and CEO. “Joining the WeWork family enables us to usher in a new era in which corporate real estate transitions to a dynamically managed mix of owned, leased, and flexible spaces that’s always optimized for business needs.