Smart Buildings

Thoma Bravo Leading Consolidation in the Hybrid Work Market

"With the proliferation of hybrid work, there is an unmet need for technology solutions that enable businesses to adapt to the changing needs of the workplace," said Brandon Holden, former chief executive of iOffice + SpaceIQ. “When an employer gets their employees back into the office, they have to have an environment that’s creating a need for those employees to come back. So they’re looking for software and technology to make that experience a collaborative experience.”  To address this opportunity, software investment firm Thoma Bravo and JMI Equity announced the merger of workspace scheduling software firm Condeco, and workplace and asset management company iOffice + SpaceIQ, on Tuesday Oct 4th, to establish a new company called Eptura, with Holden as the CEO. The creation of Eptura appears to be just one step in a larger strategy by the investment firm, however, which includes the August 2021 merger between iOffice, SpaceIQ,  facilitated by Thoma Bravo as a prelude to the introduction of Condeco and the […]

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