OfficeSpace Software Inc., creator of better workplaces, has received an approximately $150 million strategic investment from Vista Equity Partners, a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses.
Vista’s partnership will enable OfficeSpace to continue bringing the future of the hybrid workplace to life for customers and accelerate its efforts to help organizations navigate workplace disruptions and manage workspace dynamics. Existing investor Resurgens Technology Partners is excited to remain a significant investor in the company.
The Vista investment enables OfficeSpace to build on its platform, empowering organizations to enhance and evolve their workplace strategy, including how they’re allocating their real estate investments and enabling employee productivity through insightful dashboards and reporting.
As organizations embrace hybrid work and evolve their return-to-office decisions, OfficeSpace’s cloud-based platform allows customers to simplify how their employees use and interact with their workspace, manage desk and room booking, maintain social distancing, and navigate the numerous large and small workplace decisions that companies require in an ever-changing world.
The platform serves as the system of record for digital office floorplans and provides workflow tools for human resources and facilities management teams.
With increasing complexity of day-to-day management of workplaces worldwide, OfficeSpace has experienced tremendous growth and has expanded its offerings to meet the rising demand for an intuitive, robust platform for workplace operations.
Recently, OfficeSpace launched Neighborhoods, a feature designed to manage the hybrid reality, enabling customers to manage the return to the workplace. By simplifying flexible seating on a large scale, Neighborhoods provides maximum flexibility to employers in how they can organize their offices – where they choose to group seats and people together by team, project, space type, or collaboration needs, and optimize as needed.
The investment in OfficeSpace was led by Vista’s Endeavor Fund, which provides growth capital and strategic support to market-leading, high-growth enterprise software, data, and technology-enabled companies that have achieved at least $10 million in recurring revenue.
Endeavor partnerships focus on growth, market strategy, talent, and customer success – building enduring businesses designed to scale. Founders and management teams benefit from the expertise and support of Vista and its global ecosystem to deliver unparalleled value to their customers, unlock the potential of their employees and accelerate market leadership.
Learn more at www.officespacesoftware.com.