Workchew Acquires New York-Based Kettlespace Workspace Assets To Further Establish Itself As A Leader In Flexible Workspaces

Apr 26, 2022•over 3 years ago

Acquiring Company

WorkChew

Acquired Company

New York-Based KettleSpace Workspace Assets

OtherSoftware

Description

WorkChew, a company powering the future of work by turning hotels, empty office spaces, and restaurants into workspaces, announced today that it has acquired the workspace assets of KettleSpace, an industry pioneer provider of premium flexible workplace solutions in New York City. The acquisition increases WorkChew's presence in the flexible workplace sector and greatly expands its footprint in New York City.

Company Information

Company

WorkChew

About

WorkChew helps people find and book flexible workspace in hotels, restaurants and empty office spaces across the United States. By partnering with hospitality and office venues and turning their underutilized space into a network of on-demand workspaces, WorkChew provides its members with reserved seating, private meeting space, secure-high-speed WIFI, and exclusive food perks. For more information about WorkChew, please visit at www.workchew.com

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed