WeWork and leading real estate and property management platform Yardi announced today partnering to accelerate speed to market and deliver enhanced capabilities to the already announced workplace management product WeWork Workplace, according to a press release.
The companies say the new partnership will enable the two organizations to provide a universal platform for companies of all sizes to power and optimize flexible workplace strategies.
WeWork says the rapid adoption of the flexible hybrid work model has forced business to rethink and optimize their current office layouts and space utilization strategies, with an increased emphasis on seamless and purposeful employee experience.
By integrating Yardi’s real estate management software, WeWork says its Workplace product will enable the company’s employees to book desks, private offices and conference rooms in any company-leased or owned office space and any WeWork location.
“As we began to launch WeWork Workplace, we saw an incredible opportunity to accelerate the growth and capabilities of our product with the expertise of Yardi’s platform. Together, WeWork and Yardi have the ability to build a scalable end-to-end solution for powering the future of work. This partnership underscores the importance of delivering holistic solutions that can cater to every type of real estate strategy,” stated Scott Morey, President of WeWork Technology and Innovation, in the release.
The WeWork Workplace product is set to launch in July 2022, and will now integrate Yardi into WeWork’s global member network of over 26,000 SMB and 2,300 enterprise clients. This gives the large real estate management provider a sizable client base to serve with its existing services and gives WeWork additional connections for expanding its ecosystem.
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In other recent proptech news, RentRedi raised a $12 million Series A with plans to scale its landlord rental and management software. PassiveLogic also raised a $15 million equity fundraise from Brookfield Growth.