Vista Equity Partners, a global investment firm focused on enterprise software, data and technology, has made a $150 million strategic investment in OfficeSpace Software Inc., a provider of better workplaces. Existing investor, Resurgens Technology Partners will remain as a significant investor.
The investment will assist OfficeSpace in the continuation of the development of its platform used to empower organizations to enhance and evolve their workplace strategy. The firm’s cloud-based platform allows its clients to simplify workflows, manage desk and room booking, maintain social distancing compliance, and navigate workplace decision making.
“This is a milestone moment for OfficeSpace as we help our clients navigate the future of work,” said David Cocchiara, OfficeSpace CEO. “We pride ourselves on going above and beyond to support our customers, and this investment allows us to carry on and evolve the service excellence our clients are accustomed to. We’re thrilled to receive support from Vista and continue our partnership with Resurgens, who believe in our vision of creating a better place for everyone, wherever work happens.”
“There is no question that OfficeSpace has built the market-leading software solution for companies who are addressing difficult questions about the evolving workplace,” said René Stewart, co-head of Vista’s Endeavor Fund and senior managing director. “David and his team have built an exceptional platform and have turned so many clients into passionate believers—including many of our own portfolio companies.”