WeWork is continuing to branch off from coworking after acquiring office management startup company Managed by Q.
Managed by Q is a single platform for companies to use in order to hire vendors, office managers and IT support.
“WeWork is uniquely positioned to invest in workplace technology and services, and I look forward to partnering with their team to build more robust products for our clients and create a global platform to help companies push the bounds on our collective potential,” said Dan Teran, founder and CEO of Managed by Q.
Teran will now serve as senior vice president of growth at WeWork, in addition to his position at Managed by Q, which will continue to operate as a separate company.
This purchase comes on the heels of WeWork’s recent acquiring spree as it continues to move outside of the coworking sector.