WeWork has acquired GV-backed Managed by Q, a platform for office tenants to hire service providers such as cleaners, receptionists or IT support.
, Managed by Q Cofounder and CEO Dan Teran expressed his support, and emphasizes that"the decision to join WeWork and forgo an independent path was not taken lightly."
The acquisition is another way WeWork is hoping to expand beyond leasing office space to smaller tenants. Managed by Q works mainly with medium and larger-size companies — a customer segment WeWork has been hustling to break into. WeWork, most recently valued at $47 billion, has made several acquisitions over the last year to continue adding services to support its primary customers.
Managed by Q had an existing partnership with WeWork where its services were available to customers of its Headquarters by WeWork offering. Headquarters by WeWork offers tenants a fully branded, private office space managed by WeWork., and Managed by Q will continue to serve non-WeWork clients.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
In a WeWork World, Finding an Office Buddy Is a Social MinefieldMore independent employees means more people in shared work spaces. But making friends with these nomads is fraught with rejection and awkward encounters; ‘communicating stairs’
Read more »
In a WeWork World, Finding an Office Buddy Is a Social MinefieldMore independent employees means more people in shared work spaces. But making friends with these nomads is fraught with rejection and awkward encounters; ‘communicating stairs’
Read more »
Verizon will stop charging customers $3/month for its robocall-blocking serviceSpam calls and robocalls are becoming a regular part of the day for several phone users, not just Verizon.
Read more »
Russian police raid Scientology offices, accusing church of siphoning millions of dollars back to the U.S.The Church of Scientology is one of a handful of religious groups facing persecution in Russia after being deemed extremist.
Read more »
I started a business with less than $600 and it's already profitable after week oneStarting a business doesn't have to be hard or expensive. This CNBC reporter started one with $600 and turned a profit in one week.
Read more »
Box Office: 'Dumbo' lands at no. 1 with soft $45 millionLOS ANGELES, (Variety.com) - Disney's 'Dumbo' had an underwhelmin...
Read more »
Box office: ‘Us’ shatters records on way to $71.1-million weekend“Us” registered the biggest opening ever for an original horror movie, the biggest opening ever for an original R-rated movie and the biggest opening for an original live action movie since “Avatar” in 2009.
Read more »
Amazon's cloud service is going to get a big boost from AI, analyst saysAmazon's cloud service is going to get a big boost from AI, analyst says. AI is set to drive both cloud revenues and margins according to the note.
Read more »