Thoma Bravo, a leading software investment firm, today announced the merger of Condeco, the global provider of workspace scheduling software, and iOffice + SpaceIQ, the global workplace and asset management company, to create Eptura™. The strategic combination creates a global worktech leader that provides software solutions to power the modern workplace. The merger follows previously announced investments in Condeco and iOffice + SpaceIQ by Thoma Bravo and JMI Equity, who will remain the primary investors in Eptura. Terms of the transaction were not disclosed.
The modern workplace is rapidly evolving, and businesses are demanding new worktech solutions that make adapting to the future of work easier for everyone. With a total addressable market of $25 billion, Eptura’s combined solutions bring the collective knowledge, depth of experience and comprehensive portfolio of more than nine products together to meet the challenges of the global workplace with a unified technology experience. Eptura’s solutions can be easily integrated into any workplace and offer an extended ecosystem of partnerships – providing the most adaptable solution.
The combined company’s new brand reflects its unique ability to strategically respond to the dynamic needs of the modern employer and hybrid workplace. Eptura™ stands for ‘the epicenter of the future at work’, underscoring the company’s ability to accelerate the development of new worktech solutions and enhance the user experience.