Expansion of Product Portfolio and Geographical Reach to Continue
New York, October 21, 2016
Condeco Software, a leading global provider of office utilization and workspace scheduling solutions, today announced annualized sales revenue growth of more than 370 percent in the Americas between 2013 and 2016. The company’s growth momentum was a significant contributor to attracting an investment of $30 million from Highland Capital Partners-Europe earlier this year.
“We’ve seen strong growth in the demand for our products over the past few years,” says Martin Brooker, Chief Executive Officer for the Americas. “Corporations around the world are looking for ways to keep the costs of office facilities down while at the same time leveraging advanced technologies to provide their employees the collaboration and mobility capabilities they need. That gives Condeco a tremendous advantage in the marketplace.”
Condeco addresses the needs for more agile workspace of multinational companies, such as these recent additions to our customer portfolio – Newell Brands, Time Inc., and AECOM – and delivers value to them through effective solutions and customer service. Condeco’s conversion of its workplace scheduling software to a Software-as-a-Service model is one such solution that has grown with year to date revenue up by 340 percent over the previous year.
Other recent examples of Condeco’s ever-improving offerings include the myVRM platform which streamlines the whole process of setting up audio, video, content sharing and virtual meetings – adding value to customers by providing seamless connectivity with other technologies – and Condeco’s new desk booking screens to simplify desk space management, which a firm’s employees can use to book and touch in and out of shared space using their RFID card.
To support its aggressive growth agenda, Condeco has more than doubled its workforce since 2014 and will soon move its New York headquarters to a modern, sustainable office in Manhattan’s Herald Square. This new location is designed to showcase Condeco’s products and solutions to prospective clients and provide them a vision of the next generation workspace.
These investments in people and products demonstrate that Condeco’s software and analytical capabilities are rising to meet an expanding industry. The market for workplace solutions is expected to grow to $9.4 billion by 2019, according to analyst firm MarketsandMarkets .
Already reaching Canada, Brazil and Argentina as well as across the United States, Condeco will continue to strengthen its presence throughout the Americas organically as well as look at other strategic acquisitions in the year ahead.