23 September 2021
Lone Rooftop sold to HubStar
Today we announced the strategic sale of portfolio company Lone Rooftop to HubStar, industry leader in next-generation workplace solutions.
Since 2014, Amsterdam-based Lone Rooftop has developed solutions which enable a data-driven approach to optimizing real estate costs and workplace experience.
Lone Rooftop’s exceptional platform for measuring and improving space utilization will enhance our suite of workplace solutions for today’s hybrid, adaptive world of work,” said Steve Vatidis, Chairman, HubStar Group. “Now part of the HubStar family, this extraordinary team and technology will help us empower Corporate Real Estate and Facilities leaders to reduce costs, consolidate portfolios, transform employee experience and improve sustainability.”
Investment, growth and innovation
Lone Rooftop’s customer base, which includes blue chip enterprises and Higher Education establishments, can anticipate a bright and stable post-acquisition future for the enterprise software they use to manage their spaces and places.
“HubStar’s investment in growth and innovation will bring next-generation capabilities to more organizations than ever. New and existing customers will benefit from advanced functionality that goes far beyond data, delivering actionable insights and continuous transformation.” concluded Vatidis.
Auke van den Hout, Co-founder and Managing Partner at Lone Rooftop investor, Nimbus Ventures, said, “This move transforms the workplace market. Lone Rooftop and its clients are well positioned to benefit from this world-class combined team. HubStar is a market leader in this space, with an extremely experienced management team and the full resources and R&D expertise to continually provide direct and long-term value to clients. ”
Post-lockdown hybrid working
Adding Lone Rooftop’s advanced space utilization platform to the expanding HubStar Group, which includes space scheduling solution Smartway2, is a step forward in post lockdown corporate estate management. Hubstar is meeting its commitment to designing, building, selling and servicing technology platforms that deliver an ever-improving workplace experience in a hybrid working world.