VC-backed Managed by Q acquires NVS


Managed by Q has acquired New York City-based NVS, a provider of office space planning and project management. No financial terms were disclosed. Managed by Q’s backers include GV, RRE Ventures and Kapor Capital, according to Crunchbase.

PRESS RELEASE

NEW YORK, NY – JUNE 13, 2018 – Managed by Q, the office management platform, announced today its acquisition of NVS, a national provider of office space planning and project management. Headquartered in New York City, the NVS team will be joining Managed by Q to form a Project Management division for Q’s thousands of client offices.

Managed by Q was founded in 2014 with the vision of building the operating system for offices, and today provides leading firms ranging from high growth startups to Fortune 500 companies with turnkey office operations. By aggregating office services such as cleaning, maintenance, IT, security and administrative staffing on one platform, Q makes running an office easy and efficient. With the acquisition, Q will also make it easy to plan and build office spaces.

“For the past 4 years we’ve focused on doing one thing well – making it easy for our customers to run their facilities,” said Dan Teran, CEO and co-founder. “Today, we’re excited to broaden our capabilities to help companies create workspaces that reflect their culture and attract top talent. Nobody gets into business to run an office, but everybody has to do it,” Teran explained. “Even the most experienced office managers have only been through one or two office build outs, we’ve done it hundreds of times with a track record of delivering on time and under budget – we’re excited to share that with our customers.”

“We continually see more and more companies turn to Managed by Q to run their office operations and we couldn’t be more excited to join the team and advance their mission,” said Jason Havens, CEO of NVS. “The Q team has a unique vision for how technology can disrupt commercial real estate, and I am looking forward to being part of that vision.”

NVS has helped plan and manage workspaces for nearly 100 corporate clients nationally, including CBS Radio, the NBA Players Association, Glossier, Grovo, and Intent Media. Havens will be joining the Q team as Senior Director and Head of Project Management.

This is the second acquisition for Managed by Q, which acquired French software company, Hivy, in August of 2017.

For more information, please visit https://www.managedbyq.com

About Q
Managed by Q, the platform for office management, makes it easy to run your workspace. Founded in 2014, Q saves businesses valuable time by connecting them to the services required to seamlessly operate their space, such as cleaning, maintenance, administrative staffing, large project management, and more. Q is also committed to spreading a mission of economic empowerment, by creating good jobs for its Operators and providing opportunities for small businesses to flourish. With operations in New York, Boston, Los Angeles, Chicago and San Francisco, Managed by Q is redefining the way the world works.

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