by Brianna Crandall — May 20, 2020 — Archibus + Serraview, a leading provider of software for optimizing workplaces and facilities, just announced its acquisition of SpaceIQ. The purchase is part of Archibus + Serraview’s strategy to strengthen its position as a global leader in the workplace management space.
Wain Kellum, CEO of Archibus + Serraview, stated:
SpaceIQ’s innovation and market-fit provide a clear path into new markets and a tremendous opportunity for growth. They have an exceptional team, so the combination makes SpaceIQ an ideal acquisition to add to our global business.
With SpaceIQ now part of Archibus + Serraview, the new company makes smart building technologies and employee enablement applications more accessible to businesses of all sizes. For customers, the company says it will provide a superior computer-aided facilities management (CAFM) / integrated workplace management system (IWMS) platform for addressing real estate strategy and space management, while providing employees with a compelling workplace experience.
Founded in 2016, SpaceIQ is helping lead the digital transformation of the workplace with a cloud-based platform that turns facilities from cost centers into strategic business assets. The company provides mid-market companies with easy-to-use tools to access data across the entire enterprise designed to optimize space use, meeting room coordination, workplace moves, and asset management. SpaceIQ management tools and insights help companies execute data-driven real estate decisions, increase operational excellence, and enhance employee experience.
Archibus + Serraview empowers over 1,000 customers worldwide with space management and IWMS software that manages a wide array of real estate needs — from automating space bookings to reorganizing vast property portfolios. The Archibus + Serraview platform is designed to provide a complete view of workplace performance that helps optimize environments, identify immediate inefficiencies, and address long-term trends for better return on investment (ROI).
JMI Equity, a growth equity firm focused on investing in leading software companies, backed the acquisition.
Brian Hersman, general partner of JMI Equity, remarked:
The pandemic has created extraordinary demand for our software as companies prepare for a return to work under new social distancing standards, creating a significant opportunity for growth. Combining SpaceIQ with Archibus + Serraview adds an additional market segment to our portfolio of technologies and innovation. We love to partner with companies to build market leaders, and this investment was the next step in the ongoing evolution of Archibus + Serraview.
Archibus + Serraview provides the world’s leading workplaces with the insights and tools they need to reduce real estate costs, optimize operations, and elevate the employee experience. To see why some of the most recognizable organizations trust Archibus + Serraview, visit the company’s websites.