SEG Client, OfficeSpace, Receives Investment from Resurgens Technology Partners
December 12, 2019 -- Software Equity Group (SEG) announces its client, OfficeSpace, a leader in workplace management solutions, has received a strategic equity investment from Resurgens Technology Partners, a software-focused private equity firm. The partnership will enable OfficeSpace to increase investment in its market-leading software, accelerate key go-to-market initiatives, and further enhance its highly-regarded customer experience. SEG served as exclusive advisor to OfficeSpace.
OfficeSpace is a leading SaaS-based platform for managing the workplace that gives forward-thinking companies the tools they need to engage employees, manage moves, maximize space, and keep real-estate costs low.
"The workplace management industry is in the early stages of a fundamental change, where companies need new ways to deliver an environment that the modern workforce demands. We feel that OfficeSpace is uniquely positioned to take advantage of these changes and are excited to partner with Resurgens in the next stage of our company’s journey," said Ashkon Sabet, President and co-founder of OfficeSpace Software.
"Our company is at an important inflection point in its growth, and Resurgens’ deep global operating experience and collaborative approach makes them an ideal partner to help us deliver on our vision for the modern workplace," said Shamim Sahba, CEO and co-founder of OfficeSpace.
Over 600 companies across 50 countries use OfficeSpace’s tools and insights to deliver a superior employee experience and transform how they manage their workplaces. Its intuitive platform provides employees and HR/employee experience teams with tools, like Visual Directory®, hot desk booking, and conference room booking, that simplify how they collaborate. In addition, the platform equips facility and real estate teams with a full suite of powerful tools, including move management, block and stack planning, and space forecasting—all of which allows them to more efficiently optimize their space and real estate costs. Ongoing customer support allows its customers to keep floorplans current and simplify major facility transitions.
Julie Anderson, Director, Facilities & Office Services from Live Nation Entertainment, added: "OfficeSpace is an exceptional partner. Their workplace management platform has helped take our employee experience to the next level and support our business growth. We are excited to see what lies ahead."
"Flexible workforce trends, along with a heightened focus on the ‘employee experience’ and improving efficiencies, are driving companies to employ tools and solutions to think of their workplaces as a competitive advantage," said Fred Sturgis, co-founder and Managing Director at Resurgens. "The OfficeSpace team has done an amazing job building a powerful, yet easy-to-use platform that is ideally positioned to take advantage of those trends. We are thrilled to be partnering with the OfficeSpace team in this next phase in their journey."
Software Equity Group acted as exclusive financial advisor to OfficeSpace Software.
About Software Equity Group
Software Equity Group (SEG) provides unparalleled M&A advisory services for emerging and established software companies. For more than twenty years, SEG has worked alongside its software industry clients to drive extraordinary outcomes for the client’s shareholders, employees and customers. Over this time period, SEG has managed hundreds of sell-side M&A transactions, representing billions of dollars of aggregate transaction value. SEG’s unwavering commitment to the software industry equates to unmatched expertise across software industry product categories, delivery models, technology and end market verticals; and unrivaled access to key decision makers among strategic and private equity buyers.