Condeco acquires myVRM to enhance user experience

Acquisition enhances Condeco’s award-winning offering with unified communications platform

London, UK and New York, USA, 3rd June 2016 – International workplace technology specialist Condeco Software is today announcing the acquisition of myVRM, a New York-based software company with workflow automation expertise in video collaboration, content sharing, unified communications, virtual meetings and analytics. The move will greatly enhance the end user experience, and cement Condeco’s position as a dominant global force in workplace software.

Condeco, the world’s only provider of integrated hardware and software solutions which are designed to give companies all the tools they need to make the most of their workplaces, will now offer a combined platform which simplifies the process of video collaboration.

Delivering added value to Condeco’s blue chip customers by providing seamless connectivity with other technologies, the myVRM platform streamlines the whole process of setting up audio, video, content sharing and virtual meetings, which are increasingly important features of international business.

myVRM’s platform currently integrates with Microsoft, Google, IBM, Cisco, Polycom, Pexip, Vidyo and others systems, creating a simplified solution which will accellerate Condeco’s speed to market and drive greater adoption among users.

Paul Statham, founder and CEO of Condeco, said: “For over ten years Condeco has continually strived to be a people centric company, developing advanced workplace technology which makes a difference to people’s working life.This new combined offering will offer real business value to our clients and be a great addition to Condeco’s enterprise solution.

“This move will provide the scale to underpin our continued global expansion, which has seen us achieve over 40% growth in 2015. Adding scale to our already global business will help as we respond to the appetite for workplace utilization tools – demand which is increasing exponentially as companies strive for effeciency, competitiveness and productivity.”

Ken Scaturro, president of myVRM, said: “The combined platform will enable users to engage in much more complex scenarios, and will give organizations simple and intuitive end-to-end management of people, processes, real estate and technology. We share Condeco’s vision of the workplace of the future and are excited to join their team.”

Condeco’s technology provides the solutions that business leaders around the world need as they seek to make the most of their two most expensive assets – their people and their property – and customers rely on Condeco solutions to navgiate an increasingly globalised economy. myVRM’s platform paves Condeco’s path to continued success by providing the capability to integrate their solutions with other systems in this space, providing a single interface for users.

The myVRM acquisition provides the added benefits of a strong loyal channel, high end customer set, and an innovative product and development team. The myVRM platform will become a module within the Condeco software suite as part of a broader workspace management solution. Initial integration of the software platform is expected by end of the calendar year. The acquisition closed on June 2nd, 2016.

Condeco will be showcasing both platforms at InfoComm in Las Vegas on June 8-10, 2016 where they will be offering the chance to win a free $10,000 Condeco Sense workplace occupancy study.

Infocomm is the largest audiovisual communications show of its kind in the United States. It brings together what the marketplace has come to define as the intersection of AV and IT, technology and architecture, business and entertainment.

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Notes to Editors

Condeco Software – Powering Change

Condeco Software is the fastest growing company in workspace utilisation and space scheduling, with revenue growth hitting 50 per cent year on year to reach over £15 million by the end of the fiscal year May 2015, including a 30 per cent growth in new clients. Its world-class suite of workspace management solutions are becoming essential tools in the strategies employed by senior business leaders heading up major multinational brands such as Barclays, Chevron and GE to optimise their real estate and transform the way they operate their business. For more information, visit www.condecosoftware.com

myVRM

myVRM unlocks the value of business meeting resources via a management, scheduling and workflow automation platform. myVRM was founded on the principle that organizations deserve a more effective way to manage meetings and resources that result in reduced costs and increased productivity. myVRM combines resource management and scheduling with automated video and audio call management into a single integrated, easy-to-use solution. For more information, visit myVRM online at www.myVRM.com.

Press contact

UK

Rani Gill (Rani@flamepr.com) on +44(0)203 357 9746 or Melissa Sidnell (Melissa@flamepr.com) on +44 (0)203 357 9741. You can also email Condeco@flamepr.com or call +44(0)203 357 9740.

USA

Alison Dahlman (alison.dahlman@condecosoftware.com) on 001 (973) 524-1411
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