{"id":572,"date":"2016-06-20T09:20:34","date_gmt":"2016-06-20T09:20:34","guid":{"rendered":"http:\/\/www.businessmole.com\/?p=572"},"modified":"2023-11-21T22:53:11","modified_gmt":"2023-11-21T22:53:11","slug":"condeco-raises-30m-e27m-power-new-era-workplace-tech","status":"publish","type":"post","link":"https:\/\/www.businessmole.com\/condeco-raises-30m-e27m-power-new-era-workplace-tech\/","title":{"rendered":"Condeco raises \u20ac27m to power new era of workplace tech"},"content":{"rendered":"

Global software company Condeco<\/a> today announces that it has raised $30 million (\u20ac27m) to consolidate its position as the world\u2019s leading provider of workplace management technology. Led by Highland Europe, the investment, representing a minority interest, is a significant amount raised outside of Silicon Valley. It will be used to accelerate the London-based company\u2019s expansion across the U.S., Europe and Asia.<\/p>\n

The announcement coincides with the start of London Technology Week, which showcases the best of London\u2019s tech innovation. Condeco, winner of a Queen\u2019s Award for Enterprise in the innovation category earlier this year, is a prime example of this best-in-breed technology.<\/p>\n

By empowering teams within businesses to meet and interact more efficiently, Condeco is continuing to build a global footprint servicing blue-chip clients. Its suite of sophisticated workplace management tools offer game-changing capabilities to meet all the latest workplace demands \u2013 from ensuring high pressure global meetings run smoothly, to providing staff with important collaborative spaces \u2013 and have already become indispensable to multinational brands such as Barclays, Reuters and Unilever.<\/p>\n

As work increasingly moves to the cloud, Condeco is pushing the corporate real estate sector forward. The company\u2019s recent acquisition of U.S. unified communications firm myVRM, which will enable clients to manage their virtual communication resources as well as their bricks-and-mortar offices, enhances Condeco\u2019s offering and signals the company\u2019s ambitions for continued expansion, says Paul Statham, founder and CEO of Condeco Software. \u201cThis investment comes at the perfect time for Condeco, as it will fuel our growth as we pursue further strategic acquisitions across North America, Europe and APAC. We will also invest in our solutions for the vitally important SME market.<\/p>\n

\u201cRapidly increasing demand for workplace utilisation tools has enabled us to widen our global capability, meaning that we are now reaching 12 geographies worldwide,\u201d he continues. \u201cWe\u2019ve also been able to scale our operations \u2013 for instance, through our recent acquisition of myVRM \u2013 so that we have the ability to radically transform the way people work. We are very excited to be joining with Highland Europe to start this new chapter in Condeco\u2019s story.\u201d<\/p><\/blockquote>\n

Laurence Garrett, partner at Highland Europe, adds: \u201cIn Condeco, we are teaming up with an established, proven business, whose success is matched by their hunger and vision for innovation and further market development. Paul is that rarest of breeds \u2013 a seasoned operator, fired up with entrepreneurial passion, who\u2019s on track to create a new gold standard in office and workplace technology.<\/em><\/p>\n

\u201cIt\u2019s surely fitting that this investment coincides with London Technology Week, which celebrates London as a powerhouse of innovation, because we are certain that Condeco will remain a striking example of the capital\u2019s technology prowess for many years to come,\u201d he says.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Global software company Condeco today announces that it has raised $30 million (\u20ac27m) to consolidate its position as…\n","protected":false},"author":1,"featured_media":574,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_masonry":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0},"categories":[103],"tags":[226,225],"_links":{"self":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/572"}],"collection":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/comments?post=572"}],"version-history":[{"count":4,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/572\/revisions"}],"predecessor-version":[{"id":580,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/posts\/572\/revisions\/580"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/media\/574"}],"wp:attachment":[{"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/media?parent=572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/categories?post=572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.businessmole.com\/wp-json\/wp\/v2\/tags?post=572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}