Tango has acquired Locatee to enhance its workplace analytics capabilities, addressing the growing demand for data-driven real estate management solutions.

Target Company Information

Tango, a prominent provider of cloud-based real estate and facilities management software, has successfully acquired Locatee, a leading workplace analytics solution. Locatee equips organizations with the ability to make informed decisions by offering a comprehensive overview of occupancy metrics. This strategic acquisition allows Tango to enhance its capabilities in driving informed strategic portfolio decisions, optimizing operational space utilization, and improving employee satisfaction through better understanding of workplace dynamics.

The core offering of Locatee is to deliver accurate occupancy insights that organizations need to address the challenges posed by hybrid workplace environments. This is particularly relevant in a market where space utilization rates average below 40%, highlighting the imbalance between supply and demand for office spaces.

Industry Overview in Switzerland

Switzerland's real estate sector is known for its stability and resilience, characterized by high demand for commercial spaces amidst evolving workplace needs. The c