M&A Deal Summary

Eden Technologies Acquires Managed by Q

On March 3, 2020, Eden Technologies acquired business services company Managed by Q from WeWork

Acquisition Highlights
  • This is Eden Technologies’ 2nd transaction in the Business Services sector.
  • This is Eden Technologies’ 2nd transaction in the United States.
  • This is Eden Technologies’ 1st transaction in New York.

M&A Deal Summary
Date 2020-03-03
Target Managed by Q
Sector Business Services
Buyer(s) Eden Technologies
Sellers(s) WeWork
Deal Type Divestiture

Target

Managed by Q

New York, New York, United States
Managed by Q is the platform for office management. Q makes it easy to run an office by connecting offices to services, including cleaning, maintenance, office administration, IT, and security. Companies use Q’s marketplace to discover vetted service providers, request project quotes, schedule work, and pay for office services, all in one place. A solution for recurring and ad-hoc office needs, Q saves companies valuable time and supports office operations for thousands of businesses nationwide.

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Buyer(S) 1

Buyer

Eden Technologies

San Francisco, California, United States
Category Company
Founded 2015
Sector Consumer Services
DESCRIPTION

Eden Technologies, Inc. is an office management and tech support platform. Eden also offers office cleaning, supply stocking, IT support, handyman, and taskers services. Eden Technologies, Inc. was established in 2015 and is based in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector (Business Services) 2 of 2
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 OrgOrg

San Francisco, California, United States

OrgOrg is a social network for office managers to recommend, discuss, and review vendors and products. OrgOrg was established in 2010 and is based in San Francisco, California.

Buy -

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 City.

DEAL STATS #
Overall 4 of 7
Sector (Business Services) 1 of 1
Type (Divestiture) 2 of 5
State (New York) 3 of 5
Country (United States) 4 of 7
Year (2020) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Teem

Highland, Utah, United States

Teem LLC is a software and analytics provider that gives enterprises the tools, data, insights, and analytics to help them optimize their spaces and unleash their team’s potential. Teem helps customers and millions of people better utilize space and employees be more productive through advanced meeting tools (including conference room scheduling and desk reservations), detailed workplace analytics (such as tools to pinpoint underutilized space), and ways to welcome and manage visitors. Teem LLC was established in 2012 and is based in Highland, Utah.

Sell -
FOLLOWING 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 -
Mergr

Product

Company

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