Envoy Acquires Worksphere To Accelerate Enterprise Development Of Workplace Platform

Sep 15, 2022•almost 3 years ago

Acquiring Company

Envoy

Acquired Company

Worksphere

San FranciscoSoftware

Description

Envoy today announced the strategic acquisition of Worksphere, a workplace management platform. The team at Worksphere are experts at scaling technology for complex enterprises. They will be tasked with building a workplace platform to meet an increased demand from enterprises around the world. With this investment in talent and the platform, enterprises will continue to do more with Envoy and at scale.

Company Information

Company

Envoy

Location

San Francisco, California, United States

About

Envoy is transforming modern workplaces for hybrid work and safely bringing people together so they can connect, collaborate, and thrive. Envoy’s workplace platform has redefined how companies welcome visitors, keep employees safe, book desks and conference rooms, and manage deliveries in over 14,000 locations around the globe by designing products for a flexible workplace experience. Companies like Slack, Pinterest, and Warby Parker rely on Envoy to create an unrivaled first impression and keep their offices safe and compliant.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed

Related People

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