Workplace management experts Condeco win coveted Innovation award in recognition of impact on businesses
London, 21 April 2016 – London-based workplace management company Condeco have won a prestigious Queen’s Award for Enterprise, the highest official award for UK businesses. Condeco are among the select businesses recognised in the Innovation category, awarded for outstanding innovation and development. The highly coveted Queen’s Award, which is granted on the advice of the Prime Minister and an Advisory Committee, is valid for five years and brings global recognition to its winners.
The Innovation awards are made in acknowledgement of the fact that Britain’s world leading service economy is supported by innovations from companies such as Condeco. Condeco’s award-winning innovation is their provision of integrated hardware and software products. Together, these uniquely offer businesses with a complete workplace solution, delivering real benefit as leaders seek to make the most of their real estate whilst boosting collaboration and engagement.
London’s commercial property prices have witnessed exponential rises over the last five years, with an average increase of 70 per cent in rental cost. In this environment, Condeco’s innovations are more important than ever to business leaders looking to make the most of their expensive office spaces.
A recent report found that the UK’s FM market is set to continue its strong growth over 2016, generating £300 million of sales a day throughout the year. The industry, which employs more than 1.4 million people, has been at the forefront of business growth, and this award is an acknowledgement of the work being done in the sector.
Paul Statham, founder and CEO of Condeco, comments: “We are honoured to receive The Queen’s Award, and delighted that our contribution to the business community is being recognised in this way. We regard this as a win for the whole of the corporate real estate industry, which is contributing fantastically to business change in the workplace.
“Since the beginning of Condeco in 2005, we have always prioritised investment in R&D and innovation, since we believed that managing workplaces was going to become a greater challenge for businesses as they faced up to the digital revolution and all the changes it has brought.”
By empowering decision makers to realise the full value of their real estate, the products have a notable impact on cost, sustainability and efficiency. Further, by supporting workplace changes such as flexible working, Condeco’s products have created cultural shifts, encouraging the collaboration and engagement amongst employees which has an impact on productivity for the whole UK economy.
Condeco’s suite of solutions includes IoT-based sensor technology, which provides real-time data on office utilisation. Studies using Sense have revealed that businesses can be using as little as 39 per cent of their space; looking more closely at office space can deliver surprising results and the chance to make significant changes. Condeco’s newest products include meeting room systems which use iBeacons to release a booking if the room remains empty, turning the office into an intelligent space that responds to employee activity.
Condeco Software is the fastest growing company in workspace utilisation technology, with headquarters in London, England as well as additional locations in America, Europe, Asia and Australasia. The company has had a revenue growth hitting 35 per cent year-on-year, including a 35 per cent growth in new clients. Its world-class portfolio of workspace solutions is becoming essential tools in the strategies employed by senior business leaders heading up major multinational brands, optimising real estate and transforming business operations.