WeWork's $100M purchase of software analytics startup Teem represents the latest attempt by the coworking giant to move beyond real estate through acquisitions.
Utah-based Teem provides a workspace analytics platform that helps companies learn how to use their office space more efficiently.
The acquisition also comes as the 8th acquisition for WeWork since 2017, when it began to ramp up its M&A activity. Many of these acquisitions work outside of the real estate/coworking space, from coding bootcamps to SEO platforms.
WeWork is positioning itself as a company that not only provides desk space, but also gives companies the tools they need to succeed in business through software, education, and community. For example, Powered by We is the company’s initiative to provide office management solutions to corporate clients (including Facebook, Microsoft, Adidas, and more), many of which lease WeWork space for satellite offices or to house remote workers.
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Below, we take a look at WeWork’s acquisitions since 2017, and highlight some purchases that are taking the company outside of traditional real estate and coworking businesses.