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This Research Note examines Jooxter, a French workplace management startup and its May 2023 acquisition of Wx Solutions, part of Sodexo Group.
Founded in the Nord de France region at Euratechnologies in 2014, Lille-based Jooxter is a provider of a SaaS workplace management platform that enables employees and their managers to work more efficiently.
It gives companies the ability to continuously optimize their offices, thanks to occupancy algorithms driven by Artificial Intelligence and integration with our clients' collaborative tools.
Since 2014, the company has developed and is now adding one account per month to its portfolio, extending their solutions to multiple sites and branch locations of their current corporate clients.
Their focus is on providing a mature desk and room booking solution, enabling workers to pre-book workspaces and find out which colleagues are present onsite together with deep insight into occupancy analytics, API solutions and integration with corporate calendars and collaboration tools.
The application currently supports 250,000 users and 120 large corporate clients in 40 countries. Clients include Deloitte, Bouygues Construction, Groupe Credit Agricole, Veolia, ArcelorMittal and Vinci Facilities.
Jooxter & WX Solutions
Wx Solutions, was created as part of Sodexo Group in 2017 to help companies find the right balance between hybrid work and real estate performance, and to improve the employee work experience. The company offers a SaaS platform for analyzing occupancy by leveraging a wide range of IoT sensors. In January 2020, Sodexo, acquired a majority stake in French startup, Connected Space Management through Wx Solutions.
Jooxter is integrating all Wx Solutions' teams to ensure continuity of service for clients and users. In addition, Jooxter and Sodexo have concluded a commercial partnership agreement that will enable Sodexo's clients to benefit from the services of the new entity.
Fabien Girerd, CEO and founder of Jooxter, commented: “With this transaction, we are doubling in size and continuing our growth in a promising market. This growth will enable Jooxter to continue its expansion in France and internationally with extended services”.
The new entity employs around 50 people with an estimated 7 million euros in revenue.
According to our 2023 Occupancy Analytics Report, M&A activity reached its peak in 2021 and 2022. We expect acquisitions to continue as occupancy analytics software and indoor location technology play a crucial role in the data-driven approach to establish human-centric workplaces for building occupants and to support more efficient operations for facility owners and workspace operators.
This article was written by Daphne Tomlinson, Senior Research Associate at Memoori.
