iOFFICE merges with SpaceIQ

Wednesday, August 25, 2021

A new merger between iOFFICE and SpaceIQ creates one of the most complete workplace technology companies in the world as the era of hybrid work unfolds.

iOFFICE is an industry leader in workplace experience and asset management solutions, and SpaceIQ is an integrated workplace management system (IWMS), space management, and employee experience provider.

Monumental shifts in workplace, facility management, and business-critical equipment requirements, intensified by increased employee expectations for workplace experience and flexibility, have driven demand for tools that help businesses adapt more quickly than ever before. With more than 10,000 customers in over 85 countries, and the most comprehensive product portfolio, combining these two companies creates more opportunities to address these needs.

Thoma Bravo is joined by JMI Equity, the previous majority investor in SpaceIQ, as primary investors in the combined company.

“After tracking the workplace and asset management spaces for years, this investment comes at a unique time when modern technologies are critical for managing corporate office space and assets,” said A.J. Rohde, senior partner at Thoma Bravo. “These complementary franchises will accelerate innovation and we’re excited to work with the team to continue building a world-class business in a market with exceptional growth opportunities.”

Wain Kellum, CEO of SpaceIQ, will remain as CEO of the newly integrated organization. Mark Peterson, CEO of iOFFICE, will focus on leading iOFFICE through the transition to set the merged company up for success.

“By combining the resources of SpaceIQ and iOFFICE, the company will significantly accelerate plans for expanding products and capabilities that help companies succeed in the era of hybrid work,” said Brian Hersman, general partner at JMI Equity. “We’re excited to continue our partnership with SpaceIQ and this newly integrated organization to support their next phase of growth.”

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