Real estate management software has become important for businesses coming out of the pandemic. Although it remains unclear what kind of future impact the Omicron variant will have, companies still need to be prepared as people return to the office. Technologies that make it easier to manage workspaces will attract PE buyers. Workforce management is one of the topics that Mergers & Acquisitions is covering for the January/February print edition.
“In a post-Covid world, active management of real estate and facilities is more important than ever, and companies require solutions to help them stay in sync with a dynamic environment,” says Jon Nuger, principal at Berkshire Partners.
On Monday, Berkshire announced that it invested in Tango. Tango’s software is designed to help with site selection, project management, lease administration and accounting, facilities maintenance and space management.
PE firms are investing in different types of workspace management technologies. The pandemic has completely changed how offices will be used. In August, Thoma Bravo and JMI Equity made an investment in Condeco Software. Condeco helps companies find and reserve workspaces and meeting rooms.
What kind of workspace management software are you looking to invest in? Let me know at: [email protected].
– Demitri Diakantonis