This, iOFFICE , a business leader in place of work asset and experience administration solutions, and SpaceIQ , a respected Integrated Workplace Management Program (IWMS), space administration, and employee experience service provider, announced they have merged adhering to strategic investments in the firms by global personal equity firms Thoma Bravo and JMI Equity.
Jointly, the combined firm will address a quickly growing market possibility through the most full offering of intelligent platforms for managing business property, physical assets, and place of work knowledge. Monumental shifts in place of work, facility administration, and business-critical equipment specifications, intensified by increased worker expectations for place of work flexibility and experience, have driven requirement for equipment that enable companies to adapt quicker than previously.
With an increase of than 10,000 clients in over 85 countries, and probably the most comprehensive item portfolio, the mix of SpaceIQ and iOFFICE creates the clear head addressing these needs.
Thoma Bravo is became a member of by JMI Equity, the prior majority investor in SpaceIQ, as primary traders in the combined corporation. Furthermore, Waud Capital Partners, the prior majority investor in iOFFICE, will stay committed to the combined organization.
“After monitoring the asset and place of work management spaces for a long time, this expense comes at a distinctive time when modern technology are crucial for managing corporate work place and assets,” stated A.J. Rohde, Senior Partner at Thoma Bravo. “These complementary franchises will accelerate creativity and we’re thrilled to utilize the team to keep building a world-class company in market with exceptional growth possibilities.”
“By merging iOFFICE the sources of SpaceIQ and, the business will significantly accelerate programs for expanding items and capabilities that assist companies flourish in the period of hybrid function,” said Brian Hersman, Common Partner at JMI Collateral. “We’re excited to keep our partnership with SpaceIQ which newly integrated company to aid their next stage of development.”
Wain Kellum, CEO of SpaceIQ, will stay mainly because CEO of the integrated organization newly. Mark Peterson, CEO of iOFFICE, will concentrate on major iOFFICE through the changeover to create the merged business up for achievement.
“Our item roadmaps and leads were aligned tightly, making a merger your best option to accelerate evolution plus innovation. Bringing both of these companies and teams jointly gives us unmatched capability to produce the options our rapidly changing industrial sectors require,” mentioned Wain Kellum. “Thoma Bravo’s history in building market leaders gives us expertise, scale, and product capacity that no additional vendor inside our industry comes near matching.”
Kirkland & Ellis LLP offered as lawyer to Thoma Bravo. Goodwin Procter LLP offered as lawyer to JMI Collateral.