Archibus + Serraview, which is backed by JMI Equity, has acquired Silicon Valley and Utah-based SpaceIQ, a provider of space management and IWMS technologies. No financial terms were disclosed.
NEW YORK & BOSTON–(BUSINESS WIRE)–Archibus + Serraview, a leading provider of software for optimizing workplaces and facilities, today 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.
“SpaceIQ’s innovation and market-fit provide a clear path into new markets and a tremendous opportunity for growth,” said Wain Kellum, CEO of Archibus + Serraview. “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 will provide a superior platform for addressing real estate strategy and space management, while providing employees with a compelling workplace experience.
Founded in 2016, SpaceIQ provides mid-market companies with easy-to-use tools to access data across the entire enterprise that optimize space use, meeting room coordination, workplace moves, and asset management. Archibus + Serraview serves thousands of customers worldwide with software that manages a wide array of real estate needs—from automating space bookings to re-organizing vast property portfolios. Archibus + Serraview is designed to provide a complete view of workplace performance that helps optimize environments, identify immediate inefficiencies, and address long-term trends for better ROI.
Growth equity firm JMI Equity backed the acquisition as a great next step in the company’s ongoing progress to become the global leader in the workplace tech software segment.
“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,” said Brian Hersman, General Partner of JMI Equity. “We love to partner with companies to build market leaders and this investment was the next step in the ongoing evolution of Archibus + Serraview.”
About Archibus + Serraview
Archibus + Serraview is a global leader in space management and IWMS technologies. Empowering over 1,000 customers around the globe, 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 www.archibus.com and www.serraview.com.
SpaceIQ is leading the digital transformation of the workplace with a cloud-based platform that turns facilities from cost centers into strategic business assets. SpaceIQ brings management tools and insights to help companies execute data-driven real estate decisions, increase operational excellence, and enhance employee experience. Reimagine Your Workplace™ at SpaceIQ.com.
About JMI Equity
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 150 businesses in its target markets, successfully completed over 100 exits, and raised more than $4 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com.