Founded in Melbourne, Australia, Equiem is the global leader in […]

Australian property technology company Equiem has acquired Dublin-founded workplace management software firm SpaceOS. Terms of the deal were not disclosed.Equiem, which provides tenant services for office buildings, will expand its footprint to more than 25 countries with the merger, which includes investment from Hitachi Ventures and German developers Momeni and Caleus, among others.The company anticipates that it will increase revenues 20% with SpaceOS, and a successful capital raise will fund the integration of spaceOS technology into the EquiemOne platform and bolster bolster plans for expansion.EquiemOne is used by commercial real estate owners to consolidate information and visualise operations at a time of growing digitalisation within the office market.Both companies have reported significant growth in recent times, with Equiem experiencing a two-and-a-half-fold uplift in the number of buildings using its platform in the past 12 months. SpaceOS doubled its recurring revenue over the same period.This is the second major acquisition made by Equiem in the past two years, following the deal for Vicinitee, and the company said that further bolt-on acquisitions are "on the horizon" as its bids to strengthen its market position globally.“With spaceOS joining Equiem we have a great opportunity to now offer Flex management solutions to asset managers and facilitate managing, marketing, and selling space-as-a-service on one integrated platform," said David Adams, chief product officer at Equiem. "We are also working on a lightweight toolkit to streamline core, day-to-day operations in B and C class commercial properties. Further, we will leverage the extensive access control integration service of spaceOS and offer it to all Equiem clients as soon as possible."This will come alongside a digital employee badge residing in the Apple and Android wallet, allowing employees to access buildings seamlessly with their smartphones.”Tobias Jahn, partner at Hitachi Ventures, will join the Equiem board, and SpaceOS founders, Marley Fabisiewicz and Maciej Markowski, will join the firm's executive leadership as chief strategy officer and chief growth officer, respectively.“Equiem and spaceOS share a vision of leveraging technology to help shape the future of offices and workplaces," said Fabisiewicz."With this merger, we are now uniquely positioned as a global leader, to continue to transform commercial real estate for the better and make it future-proof.”Markowski added: "It's rare to find a company that is such a perfect fit. Our leasing, invoicing and integration capabilities fit amazingly into Equiem's tenant experience and operations modules, creating a truly complete office building solution."The geographic synergy is just a cherry on top