Managed office space operator Smartworks will invest $25 million towards its new technology services arm that aims to improve workspace management.
The new SaaS platform called Smartworks Technology Services will be a subsidiary of Smartworks. The company is enlisting the help of Anuj Nangpal, former APAC lead at JLL Spark, to serve as its CEO.
The SaaS platform provides clients with access to Smartworks’ current in-house technology used to run its buildings. Now, companies can utilize this technology to improve their own real estate decisions, operations, and overall productivity.
So far, Smartworks has locked in 12 clients for the new venture, allowing users to seamlessly manage their office assets more efficiently.
“Technology has been at the core of our managed offices since our inception and will now serve as a key enabler towards spearheading our enterprise-focused workspace solutions to the next level of growth,” said Neetish Sarda, founder of Smartworks.