INSUBCONTINENT EXCLUSIVE:
WeWork announced today that it will acquire Waltz, a building access and security management startup, for an undisclosed amount
Waltz smartphone app and reader allows users to enter different properties with a single credential and will make it easier for WeWork
enterprise clients, such as GE Healthcare and Microsoft, to manage their employees& on-demand memberships to WeWork spaces.
WeWork
announcement said &with deep expertise in mobile access and system integrations, Waltz has the most advanced and sophisticated products to
provide that single credential to our members and to help us better connect them with our spaces.& Waltz was founded in 2015 by CEO Matt
Kopel and has offices in New York and Montreal
After the acquisition, Waltz will be integrated into WeWork, but maintain its current customer base.
WeWork has been on an acquisition spree
over the past year as it evolves from co-working spaces to a software-as-a-service provider
Companies it has bought include office management platforms Teem (for $100 million) and Managed by Q, as well as Euclid, a &spatial
analytics platform& that allows companies to analyze the use of workspaces by their employees and participation at meetings and other
events.
Likewise, Waltz isn&t just an alternative to keys or access cards
Its cloud-based management portal gives companies data about who enters and exits their buildings and also allows teams to set &Door
Groups,& which restricts the use of some spaces to certain people
According to Waltz help site, it can also be used to make revenue through ads displayed in its app.
