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WeWork buys Managed by Q, cleaning service start up



WeWork has acquired support services startup Managed by Q as part of its attempt to take over the office. The company refused to disclose the financial terms of the agreement.

Managed by Q, based in New York, connects offices with IT managers, receptionists, inventory management, repair services, and cleaning staff. The company was recently valued at $ 249 million, according to Pitchbook data.

Inside of WeWork, Managed by Q, helps office rental and management company to coordinate services for its clients. These days, WeWork does more than just offer hot desktops for flatbed startups. It has grown into something much larger, providing office space for giant companies such as Microsoft and Sprint, and designing and renovating spaces for a wide range of customers. WeWork has already built a robust property department for the rental of new properties and a technology team that helps customers with the daily operation of their rooms. While WeWork already manages office management, cleaning and maintenance, Managed by Q will provide the company with a clear workforce and more efficiency.

Managed by Q raised $ 25 million in funding in January.

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