Acquisition Establishes PeopleCube as the Largest Provider of Workplace Management Solutions and Broadens Company’s Worldwide Product Reach
Framingham, Massachusetts, February 17, 2011—PeopleCube, provider of intelligent workplace management technology, today announced that it has acquired BusinessSolve, Ltd., a UK-based supplier of resource scheduling software. This acquisition, PeopleCube’s fifth overall in eight years and second in the UK within five years, more than triples the company’s market penetration in the UK and establishes PeopleCube as the largest company in the workplace management market in terms of revenue, customers, and personnel. It also positions PeopleCube as a leading provider of scheduling solutions for small, medium, and enterprise organizations and supports the sustained growth of the company’s subscription service offerings.
“We are very excited about the acquisition of BusinessSolve and the opportunities it presents to us, to BusinessSolve and its customers, and to the workplace management market as a whole,” said John T. Anderson, president and CEO of PeopleCube. “By incorporating BusinessSolve into our portfolio, we’re not only expanding our presence throughout Europe and beyond, we’re adding new employees who possess unique skill sets, extensive knowledge, and expertise in the markets we serve.”
“The benefits presented to the BusinessSolve customers by merging with a leading organization such as PeopleCube cannot be understated,” said Martin Hiles, CEO of BusinessSolve. “In addition to the numerous development resources available, PeopleCube’s worldwide support and professional services are second to none, as evidenced by the company’s 97 percent customer retention rate. With PeopleCube, our customers will quickly realize that they’re working with a financially viable company that has a firm commitment to their success.”
With the acquisition of BusinessSolve, PeopleCube significantly increases its worldwide customer base, further entrenching itself as the global leader in the resource management marketplace.
BusinessSolve’s flagship product, Workspace Manager, is a web-based resource scheduling system used for booking and managing rooms, desks, car parking spaces, and facility visitors. Workspace Manager allows employees and facilities management teams to search for and book resources using either a simple, interactive floor plan or a calendar view. It is accessible from a web browser, Microsoft Outlook, LCD digital room displays, mobile phones, touch screen kiosks, and VOIP telephony handsets.
“Adding Workspace Manager to our product arsenal gives us a unique opportunity to provide innovative, intuitive workspace management solutions to a widely underserved market,” said Anderson. “It allows us to significantly grow our business throughout Europe and North America at our competitors’ expense, and extends our ability to maintain the sustained growth of our SaaS business.”
For more information about Workspace Manager or BusinessSolve Ltd., visit http://www.workspacemanager.com.
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