Today, the global software company Condeco is delighted to announce that it has successfully raised $30 million (€27 million) to further solidify its position as the world’s foremost provider of workplace management technology. This significant investment, representing a minority interest, is a substantial sum obtained outside of Silicon Valley. Condeco intends to use these funds to expedite its expansion efforts across the United States, Europe, and Asia.
This announcement coincides with the commencement of London Technology Week, a platform that spotlights the finest tech innovations emerging from London. Earlier this year, Condeco received a Queen’s Award for Enterprise in the innovation category, underscoring its status as a prime exemplar of cutting-edge technology.
By equipping teams within organizations with tools to meet and collaborate more efficiently, Condeco is extending its global footprint while serving blue-chip clients. Its suite of advanced workplace management tools boasts transformative features that cater to the latest workplace requirements. These capabilities range from ensuring the smooth conduct of high-pressure global meetings to providing staff with essential collaborative spaces. Multinational giants such as Barclays, Reuters, and Unilever have already come to rely on Condeco’s solutions.
As the nature of work shifts increasingly to the cloud, Condeco is at the forefront of propelling the corporate real estate sector forward. The recent acquisition of the U.S. unified communications firm myVRM by Condeco enables clients to manage not only their physical office spaces but also their virtual communication resources. This strategic acquisition enhances Condeco’s offering and reflects the company’s ambition for further expansion, according to Paul Statham, the founder and CEO of Condeco Software. He states, “This investment arrives at the perfect juncture for Condeco as it fuels our growth while we pursue strategic acquisitions in North America, Europe, and the Asia-Pacific region. We will also direct investments toward our solutions for the crucial SME market.”
He further emphasizes, “The rapidly increasing demand for workplace utilization tools has allowed us to extend our global reach, encompassing 12 geographies worldwide. Through initiatives like our recent acquisition of myVRM, we have scaled our operations, empowering us to significantly transform the way people work. We are excited to embark on this new chapter in Condeco’s journey with Highland Europe.”
Laurence Garrett, partner at Highland Europe, expresses, “By partnering with Condeco, we are aligning ourselves with a well-established, proven business. Their success is matched by their appetite and vision for innovation and further market development. Paul Statham is a rare breed—a seasoned operator who possesses an entrepreneurial spirit, set to establish a new gold standard in office and workplace technology.”
He concludes, “It’s particularly fitting that this investment aligns with London Technology Week, a celebration of London’s innovation prowess. We are confident that Condeco will remain a shining example of the capital’s technological excellence for many years to come.”
