Seattle-based workplace management startup Worksphere is being acquired by Envoy, a San Francisco-based competitor.
An Envoy spokesperson said all eight of Worksphere's employees will be joining Envoy, and the Worksphere team won't have to relocate. The companies aren't disclosing the financial terms of the deal, which was announced Thursday and is expected to close Tuesday.
"Facilities, physical security and property management products are no exception, but existing incumbents aren't spending the time to deliver solutions designed for usability," Larry Gadea, founder and CEO of Envoy, said in a release. "The Worksphere team will be key in our ability to scale thoughtful design to highly complex enterprises."
According to the spokesperson, Worksphere employees won't have to relocate, and Envoy, which will have over 350 employees after the acquisition, plans to hire more engineers in the Seattle area. The spokesperson added that Envoy will dissolve the Worksphere brand.
Worksphere, founded in 2020, allows teams to book desks and see who is in the office. The company also offers a visitor check-in and Covid-19-screening feature. Worksphere has integrations with tools like Outlook and Slack. Aakhil Fardeen leads the company as co-founder and CEO. Its office is in Sodo, according to the company's website.
Envoy, meanwhile, was founded in 2013. The company allows clients' employees to book desks and provides a visitor management tool. Envoy also offers software to help with mail deliveries. According to the company, Envoy's technology is used in 16,000 locations globally. Its clients include Pinterest, Slack and Hulu, among others.
Envoy raised $111 million in January and reached a value of $1.4 billion. This is the second competitor Envoy has acquired recently, as the company in August announced the acquisition of OfficeTogether, a desk reservation startup. On its website, Envoy has open roles in engineering, finance, design and marketing, among others.
