Back To Daily Digest

WeWork’s first acquisition of the year

WeWork recently acquired data platform company Euclid in its effort to move further into software sales.

This move marks the coworking company’s shift away from merely selling office memberships and becoming a software-as-a-service provider.

Shiva Rajaraman, WeWork’s chief product officer, says the platform and team will become integrated into “workplace insights,” which is a software package that WeWork plans to sell to companies that do not rent WeWork space, but wish to revamp their own offices.

By bundling this with the company’s $100 million investment in office management startup Teem, customers can see when a conference room is booked and how many people showed up to the meeting.

The Latest News
Delivered To Your Inbox

“We’re moving toward a Google analytics for space and making sure rooms are used the right way,” said Rajaraman. “A lot of companies do happy hours on Thursdays, but they might learn that more people show up to an afternoon tea time or other type of session that changes participation. Companies can run tests in their own space.”

Some are concerned whether Euclid will make them feel surveilled, but Rajaraman said that the technology does not identify individuals.

Latest on Daily Digest

What can agile working do for your office?

Agile working has transformed the idea of typical office models by allowing more flexibility, fostering creativity, attracting more diverse talent, and boosting morale.
CBRE’s coworking business gives landlords a say

CBRE has launched its new coworking company, Hana, which focuses on entering into partnerships with building owners to maintain a strong relationship with tenants.
Coworking grows further in the West Coast

While many flexible workspace providers have set their focuses on tech-heavy areas of the country, the San Diego and Orange County coworking markets are on the come up.
Convene co-founder takes a step back

Chris Kelly, co-founder and president of Convene, announced he would be taking a step back from his current role and focus on developing the company’s culture and brand.
WeWork is moving into the software business

Coworking operator WeWork recently acquired Euclid, which is a small analytics software company that allows businesses to track how their spaces are being utilized.
Knotel enters the West Coast market

WeWork rival shared office provider Knotel will officially enter the Los Angeles market with its new 12,388 square foot space on Santa Monica Boulevard.
Everyone wants a slice of the coworking life

As flexible office and coworking options continue to expand, many businesses and landlords are taking note of the success of the market and finding ways to benefit from it.
Luxury flex space operator enters Houston market

Firmspace, an Austin-based high-end flex office provider, has announced plans for a new Houston location within the city’s BBVA Compass Plaza office tower in Uptown.
UAE is joining the coworking phenomenon

As the digital age pushes real estate markets towards offering more space-as-a-service options for companies, Dubai is finding its footing in the rapidly growing market.
Healthy work environments no longer a luxury

In the past few years, incorporating health and wellness in the workplace through greenery, air quality and exercise has become priority in attracting young talent.
Savills launches coworking directory in the U.S.

Savills has entered the massive U.S. coworking market with Workthere, its program that allows businesses and clients to find the perfect workspace to suit their work.
Providing secondary cities with high-end coworking

Serendipity Labs offers high-end, upscale workplaces to underserved secondary markets and suburban areas, places that are barely untouched by major coworking operators.
Ad

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad