TECH SUPPLIER May 2020 - Market Note - Doc # US46397720
Archibus + Serraview Building the Future of Work with SpaceIQ Acquisition
This IDC Market Note presents a summary and analysis of Archibus + Serraview's acquisition of SpaceIQ on May 7, 2020, to strengthen and extend its current position in real estate, workplace, and facility management software.
"The Archibus + Serraview acquisition of SpaceIQ continues the consolidation trend across the facility management software market as more establish vendors scoop up innovative players. The COVID-19 pandemic has put a spotlight on already evolving workplaces. The three brands combined are poised to solve employers' challenges with returning to and adapting workplaces now and in the future," says Juliana Beauvais, research manager, Enterprise Applications at IDC.
From a future of work perspective, physical space planning is evolving in the way it converges with employee engagement and strategic business development. People and places are shifting to adapt to rapidly changing business needs and adopt agile ways of working.