Award-winning workplace solutions provider Condeco Software reports record growth in 2015 as companies seek more dynamic and efficient offices
London, UK – 29 September 2015 – With the latest GDP figures predicted to show Britain posting a solid 0.7 per cent rate of growth, the UK tech sector is leading the way. One of the biggest business success stories is Condeco Software, who have experienced remarkable growth in recent years.
Condeco’s next-generation software and analytical capabilities has seen sales grow by 300 per cent from £3.4m in 2011 to £10.5m in 2015 and the company was featured in the 2015 Gartner Digital Hype Cycle, recognising especially innovative companies in the digital space.
Condeco, the UK’s leading workspace scheduling solutions provider has seen global turnover reach $25m in 2014/2015 as the demand for its ‘anywhere, anytime’ solutions grows. The international business has now expanded to 9 offices around the world including EMEA, North America and Asia-Pacific. Most impressively, much of Condeco’s growth occurred during the recession, demonstrating the extent to which the company is providing critical services to the market with clients looking to re-imagine their contemporary corporate real estate.
Condeco’s growth has been fuelled by companies relying on its intelligent world class ecosystem of feature-rich collaboration tools to help satisfy the growing need for businesses to have smart and connected offices to support the growing global nature of their work. Condeco Sense enables effortless measurement of desk and meeting room occupancy, allowing greater insight to create a more productive workspace. Condeco’s Desk Booking, Meeting Room Booking and Digital Signage applications also provide a seamless experience for managing workspace requirements from any device. The company’s sophisticated suite of products tap into the flexibility, choice and familiarity of interface that both employers and employees are looking for, making workspace planning using BYOD and CYOD as simple as possible, thereby boosting productivity.
With more companies operating in a globalised business environment, senior decision-makers at the helm of leading blue chip companies around the world are seeking the best solutions to empower collaboration for a myriad of important stakeholders, whether it’s meeting with an employee across the desk, a co-worker on the other side of the world or a customer needing servicing, workflow needs to be seamless and agile to facilitate the ever-changing demands of growing multinational businesses.
Condeco has experienced exceptional growth rates, in part because its state-of-the-art integrated ecosystem of SaaS and mobile solutions are helping to power increasingly agile workspaces. The company has been a great success in the UK, already working with 30 per cent of the FTSE 100 and listed in the Sunday Times Tech Track 100 which tracks the fastest growing UK tech companies, for the second successive year. Condeco has also expanded its global reach through its Newcastle Technology Hub. The city has been producing an enviable pool of world class talent in areas such as coding and software development, which has powered the business to support its expanding global footprint. In addition to its stunning cast list of leading blue chip clients the company has also attracted industry heavyweights Debra Ward who is MD of EMEA and David Howarth as Director of operations to strengthen its senior management team.
Paul Statham, Founder and CEO of Condeco said “Both Debra and David bring a wealth of experience from Facilities Management market leader Mitie, where they ran a multimillion pound business for their Client Services division. Their deliberate decision to join a leading technology business in Condeco makes an important statement about the market potential of Condeco’s cutting edge collaboration tools and the opportunity they present to transform the workplace, improve workflows, motivate and attract staff and create powerful and compelling images of offices of the future.”
It’s a similar success story for Condeco in its overseas markets where the company is also experiencing strong growth with the US market for workplace solutions expected to grow by $9.41bn according to leading analyst house MarketsandMarkets. Condeco’s offices in San Jose and New York are supporting international prestigious brands such as Pepsico and Chevron to create some of the worlds most innovative and connected offices of the future.
The wider market is also expanding rapidly with demand for enterprise SaaS solutions in workspace scheduling growing rapidly as companies search for analytics about their workspace needs. Gartner predict 7.5 per cent growth in 2015, with the market set to exceed $200bn by 2019.
The Asia Pacific region has also seen the business scale new heights of growth. With its rapidly expanding network of offices through Delhi, Sydney and more recently Singapore, Condeco supports some of the biggest companies in the region as they experience growing demand to connect and collaborate across vast geographies, time zones, rapidly expanding commercial real estate portfolios and record numbers of people.
Paul Statham continues: “Our growth over the past few years shows the huge importance blue-chip companies are placing on having agile work places. Modern businesses are looking to engage with more agile ways of working and really value being able to offer a myriad of stakeholders including employees, clients and suppliers the best possible solutions to connect and engage, whenever and wherever their companies need it. As business leaders around the globe look to maximise their commercial real estate and empower their collaboration needs, the appetite for real-time data that can provide valuable insights into their requirements and enhance productivity and collaboration is growing fast.”
“Our customers tell us that the one thing they want is the ability to gather consistent, accurate data which they can then use to make improvements. For example, our own data has shown that desks are in use less than 40 per cent of the time, the science behind our products allows companies to maximise their work space to suit their business needs.”
Businesses are engaging internationally more than ever and need world-class cooperation and collaboration applications to drive growth for companies. Condeco’s meteoric growth has been organic which it will expect to continue alongside a programme of strategic acquisitions to strengthen its position as a world leader in workspace management solutions.