M&A Deal Summary

ARCHIBUS Acquires SpaceIQ

On May 13, 2020, ARCHIBUS acquired software company SpaceIQ from WeWork

Acquisition Highlights
  • This is ARCHIBUS’s 1st transaction in the Software sector.
  • This is ARCHIBUS’s 1st transaction in the United States.
  • This is ARCHIBUS’s 1st transaction in California.

M&A Deal Summary

Date 2020-05-13
Target SpaceIQ
Sector Software
Buyer(s) ARCHIBUS
Sellers(s) WeWork
Deal Type Divestiture

Target

SpaceIQ

Mountain View, California, United States
SpaceIQ LLC provides mid-market companies with easy-to-use tools to access data across the entire enterprise that optimize space use, meeting room coordination, workplace moves, and asset management. SpaceIQ was founded in 2016 and is based in Mountain View, California.

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Buyer(S) 1

Buyer

ARCHIBUS

Boston, Massachusetts, United States

Category Company
Founded 1982
Sector Software
DESCRIPTION

ARCHIBUS is an Integrated Workplace Management System (IWMS) platform that leads the global marketplace in applying comprehensive technology solutions and services to manage your built-environment. ARCHIBUS’ worldwide Federated Ecosystem enables organizations across the globe to consolidate systems onto a single integrated platform for all the data, planning and operations of real estate, infrastructure, and facilities.


DEAL STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

WeWork

New York, New York, United States

Category Company
Founded 2010
Sector Real Estate
Revenue 3.2B USD (2022)
DESCRIPTION
WeWork co-working office in Austin, Texas.
WeWork co-working office in Austin, Texas.

WeWork is a global network of co-working offices and living spaces that looks to foster a community amongst its members. WeWork was established in 2010 and is based in New York, New York.


DEAL STATS #
Overall 6 of 7
Sector: Software M&A 2 of 2
Type: Divestiture M&A Deals 4 of 5
State: California M&A 1 of 1
Country: United States M&A 6 of 7
Year: 2020 M&A 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-30 Meetup

New York, New York, United States

Meetup is an online social networking portal that helps people to self-organize into groups. Meetup was founded in 2002 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Flatiron School

New York, New York, United States

Flatiron School is a provider of training programs in web application development. Flatiron School was established in 2012 and is based in New York, New York.

Sell -