Workplace management platform acquires WeWork's Managed by Q

March 4, 2020
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JLL Technologies led the investment round, in a landmark partnership for the firm.

Eden, a leading workplace platform, announced it has acquired Managed by Q from WeWork for an undisclosed sum.

The purchase is part of Eden's continued focus of helping companies seamlessly run and scale their offices through workflow software and a marketplace of facilities services. JLL Technologies, the technology division of the leading real estate firm, led the investment round. Managed by Q, along with their existing clients and service vendors, will be integrated into Eden's existing platform.

Joe Du Bey, CEO and Co-Founder of Eden, said:

"Workplace experience matters more than ever before, and the teams at Eden and Managed By Q are focused on creating a better place to work, for everyone. By coming together, we can enhance our software offering and services marketplace with greater scale and resources. We look forward to building a more streamlined and innovative future for the workplace together, and in doing so, empower our customers and service vendors to do their best work."

Since its founding in 2015, San Francisco-based Eden has rapidly grown its managed marketplace for facilities services across the globe and now serves over 1,000 fast-growing small and medium-sized companies. Eden's easy-to-use software offers a centralized vendor bid collection and billing system, enabling customers to contract the top-rated office cleaning, handymen, and all other services to run a workplace through one central dashboard. Using Eden, workplace teams can ensure they have the best possible experience for their employees, while saving time and money. Eden is available in 25 major global metro areas, with a marketplace of more than 2,000 service vendors providing all facilities and workplace experience services required to run a high-standard office.

Yishai Lerner, the Co-CEO of JLL Technologies, will join Eden's board of directors.

"No matter the size of company, whether a fast-growing startup or one of the Fortune 1000, JLL aspires to solve its workplace experience needs," said Lerner. "By welcoming Eden and Managed by Q to the JLLT portfolio, we are excited to partner to bring managed workplace services and software to a broader spectrum of JLL clients and further increase the productivity and happiness of the workforce."

Rohit Dave, Head of Corporate Development, WeWork, said:

"Managed by Q's online services marketplace has been a critical asset for hundreds of companies. Together with Eden, we believe the two companies will continue to provide solutions that transform the way workplace teams shape their office experience."

Eden's clients currently span a multitude of industries, from nationally-expanding companies (Alto Pharmacy, Shift, VTS) to flexible workspaces like Convene. To date, Eden has raised $69 million from top investors.

SOURCE Eden

March 4, 2020

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