WeWork has acquired support services startup Managed by Q as part of its quest to take over the office. The company declined to disclose the financial terms of the deal.
Q, based in New York, manages and connects offices with IT managers, receptionists, inventory management, repair services, and cleaning staff. According to Pitchbook data, the company was last valued at $249 million.
Inside of WeWork, Managed by Q, will help the office lessor and management firm coordinate services for its clients. These days, WeWork does more than provide hot desks to fledgling startups. It’s grown into something much bigger, providing office space for giant companies like Microsoft and Sprint and designing and renovating rooms for diverse clients. WeWork has already built a robust real estate department for leasing new properties and a technology team that assists clients with the day-to-day operation of their spaces. While WeWork already handles office management, cleaning, and maintenance, Managed by Q will give the company a ready workforce and more efficiency.
Managed by Q, it raised $25 million in funding in January.
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