Two workplace software firms have partnered on a new global venture that responds to the dynamic needs of the hybrid workplace.
Backed by software investment firm Thoma Bravo, the merger involves Condeco, a global provider of workspace scheduling software, and iOffice + SpaceIQ, a global workplace and asset management company. The duo created Eptura to power the modern workplace and help companies adapt to the shift that is happening quite rapidly.
Brandon Holden, CEO of iOffice + SpaceIQ, will serve as CEO of Eptura. Paul Statham, Founder & CEO of Condeco, joins Eptura’s board of directors and will continue working with Thoma Bravo. Headquartered in Atlanta, Georgia, and with large regional offices in London, UK, and Melbourne, Australia, Eptura has over 1,000 employees across the globe, 16.3 million users and a customer base spanning more than 16,000 of the world’s leading companies.
“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 Holden. “By combining the power of our expertise and products, Eptura provides a comprehensive solution for business leaders who recognise the importance of keeping people at the centre of the workplace of the future.”
With a total addressable market of $25 billion, the new venture brings together a portfolio of more than nine products. “This combination ushers in the next generation of workplace technology by unifying the best of breed software across asset management, integrated workplace management systems and workplace experience solutions,” said Statham.
Eptura stands for ‘the epicentre of the future at work’, underscoring the company’s ability to accelerate the development of new worktech solutions and enhance the user experience.
“We have been lucky enough to be partners to both iOffice + SpaceIQ and Condeco for over a year now, and combining these two great companies creates the clear category leader for the modern workplace,” said A.J. Rohde, a senior partner at Thoma Bravo.
