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Hybrid WorkingNewsTech/ProptechUnited StatesWorkplace

Thoma Bravo and JMI Equity Merge and Rebrand Condeco, iOffice and + SpaceIQ

Tech private equity firm Thoma Bravo and Baltimore-based JMI Equity have launched Eptura™, a provider of workplace technology solutions with a reach of 16,000 customers and combined user base of 16.3 million established by the merger and rebrand of Condeco, iOffice and + SpaceIQ.

The move follows previous announcements by the private equity companies who will both remain the primary investors in the new venture.

Eptura’s combined solutions bring the collective knowledge, depth of experience and comprehensive portfolio of more than nine products together to meet the challenges of the global workplace with a unified technology experience. The new company’s solutions integrate with any workplace and offer an extended ecosystem of partnerships.

Brandon Holden, CEO of iOffice + SpaceIQ, will serve as CEO of Eptura. Paul Statham, Founder & CEO of Condeco, joins Eptura’s board of directors and will continue working with Thoma Bravo. Headquartered in Atlanta, Georgia, and with large regional offices in London, UK, and Melbourne, Australia, Eptura has over 1,000 employees across the globe.

Holden says: “With the proliferation of hybrid work, there is an unmet need for technology solutions that enable businesses to adapt to the changing needs of the workplace.

“By combining the power of our expertise and products, Eptura provides a comprehensive solution for business leaders who recognise the importance of keeping people at the centre of the workplace of the future. I couldn’t be more excited to lead Eptura as we deliver on our mission to empower the workplace of tomorrow.”

“This combination ushers in the next generation of workplace technology by unifying the best of breed software across asset management, integrated workplace management systems and workplace experience solutions,” adds Statham. “Bringing together two exceptional teams with unmatched product suites, Eptura is poised to build upon the leadership of Condeco and iOffice + SpaceIQ by accelerating the joint development of new worktech and unlocking even more possibilities for our customers and offering wider opportunities for global growth.”

A.J. Rohde, a Senior Partner with Thoma Bravo, comments: “We have been lucky enough to be partners to both iOffice + SpaceIQ and Condeco for over a year now, and combining these two great companies creates the clear category leader for the modern workplace.

“The level of innovation the company can drive for customers will be very exciting, and we are thrilled for Eptura to begin that journey.”

Kirkland & Ellis LLP served as legal counsel to Thoma Bravo. Goodwin Procter served as legal counsel to JMI Equity.

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  • Staff Reporter

    FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

CAMFIL HVAC Filtration Solutions

Staff Reporter

FMIndustry.com covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.
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