Smart Buildings

More Consolidation in Workplace Technology as HubStar Acquires Relogix

This Research Note examines the recent HubStar announcement that it has acquired Relogix, a Canadian occupancy analytics firm. We assess the portfolio and acquisitions of Hubstar Group, the rationale for the Relogix transaction and our forecast for the occupancy analytics market in 2024 and beyond. Our recent review of workplace technology acquisitions in the commercial smart buildings space over the last 12 months highlighted significant M&A transactions in integrated workplace management systems (IWMS), workplace experience apps, occupancy analytics, visitor management software and associated workplace hardware. We are seeing established players augment their software and technology offerings while startups are partnering and merging to gain critical mass. HubStar HubStar is a workplace technology company with headquarters in Marlborough, Mass and London, UK. The company provides a hybrid working platform to drive productivity, collaboration and workplace experience while reducing real estate costs. The HubStar Group was established in 2018 and now comprises of several workplace technology firms; […]

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