小蓝视频色情网页版

has scooped up conference room reservation startup after announced plans to sell the company.

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The Houston-based facility management software company had been in talks with Teem, which makes software to book meeting rooms. The two companies had some integrated solutions together before iOffice was bought by private equity firm in 2018, iOffice CEO Mark Peterson said in an interview with 小蓝视频色情网页版 News.

Teem was acquired by WeWork in September 2018 for $100 million, according to 小蓝视频色情网页版.

After Teem was acquired, those talks died down, Peterson said. Still, Teem remained on Peterson鈥檚 list of potential buys after he became CEO of iOffice in October 2018–though it was unrealistic, given Teem鈥檚 recent acquisition by WeWork.

But after WeWork鈥檚 IPO flop in the fall, the real estate startup announced plans to divest acquired companies that weren鈥檛 part of WeWork鈥檚 鈥渃ore business.鈥� Teem was on that list, which included and .

iOffice jumped on the deal and was in contact with WeWork within hours, Peterson said.

Because iOffice makes using corporate office space easier, and its software can track seating assignments and locate rooms and tools in a building, it makes Teem an attractive acquisition with its reservation, visitor management and space usage software.

鈥淏ringing what Teem has done with what iOffice has really gives both companies a boost,鈥� Peterson said.

Teem raised about $23 million in funding before being by WeWork, and its investors included Greycroft and NGP Capital.

About 85 Teem employees will be part of the acquisition, bringing iOffice鈥檚 headcount to a little over 250 people, Peterson said. Teem鈥檚 office in Utah will become a location for iOffice.

鈥淭his is going to be a really significant benefit to Teem customers as well as to iOffice customers,鈥� Peterson said. 鈥淏ecause the combination of solutions will make some great technical capabilities.鈥�

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