Smart Buildings

Workplace Technology M&A Shows a Rapid Rise in 2021

This article was written by Daphne Tomlinson, Senior Research Associate at Memoori. Workplace technology has become a significant focus for acquisition activity this year as 15 M&A deals to date enable commercial real estate stakeholders to augment their software and IoT offerings.   The strategic rationale for deals is on expanding solutions that address landlords’ needs to ensure the health and safety of office occupants, strengthening tenant relationships, augmenting offerings with easy to use tools that assist in the return to work phase, and seeking to drive operational efficiencies with integrated platforms and unified solutions.  Some of the key transactions are highlighted below.  Apps for space management, tenant engagement, employee communications, access control, and wayfinding were attractive targets. Our recent Workplace Experience Apps report highlighted six acquisitions that took place in the first 5 months of 2021. VTS, a provider of a leasing, marketing, and asset management platform deployed in more than 60% of Class A office space in the US, agreed to acquire Rise Buildings, […]

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