Mon, 27 Jan 2025 | BUSINESS NEWS
Manchester-headquartered Workspace 365 has sealed a new strategic partnership with software firm Aries Global as it targets accelerated international growth.
Workspace 365, a digital workspace software provider, was founded in the Netherlands in 2010 and works with over 2,300 organisations.
Its all-in-one digital workplace provides employees with personalised access to all relevant applications, company information and personal documents on any device, on one dashboard.
London-headquartered Aries Global was founded by technology growth investor, Michael Mitterlehner, and former Snowflake executive, Thibaut Ceyrolle. The group scales some of the world's most successful technology companies within the over $50 billion cloud marketplace.
Aries Global has bought all of the shares previously held by Value Creation Capital and Oost NL. Workspace 365 now has three shareholders: co-founders Erik Nicolai and Hans de Graaf, and Aries Global.
Workspace 365 joins Aries' coalition of founder-owned software companies in the Vertical Business Applications, Modern Work and Data & AI sectors.
Workspace 365 said this alignment of products and services, combined with both firms' international growth aspirations, made Aries an ideal partner. It aims to capitalise further on the "substantial opportunity in the fast-growing global digital workplace marketplace".
Indeed, the sector was worth $48.81 billion in 2024 helped by growth in the use of cloud solutions, communication technologies, and intelligent security systems. It is expected to grow at a compound annual growth rate of 22.8 per cent between 2025 and 2030.
Under the deal the existing Workspace 365 management team, led by Nicolai and de Graaf, will continue in their existing roles.
"By collaborating with Aries and benefiting from its proven Growth & AI Infrastructure, Workspace 365 has a vision to expand its presence internationally and enhance the product roadmap," Workspace said.
Workspace 365 co-founder and CEO, Nicolai, added: "International demand for intuitive digital workplaces that simplify the employee experience across global workforces is growing at unprecedented speed. As the leading European provider in this space, we have seen huge potential to scale. The partnership with Aries will enable us to realise our global aspirations for the business, and continue to deliver ongoing product innovation, including artificial intelligence and machine learning, to empower companies to simplify their workplace technology and the experiences their people have with it."
Thibaut Ceyrolle, co-founder and CRO of Aries Global, said: "Workspace 365's world-class roadmap aligns seamlessly with our goals, and together, we see tremendous potential to leverage our Growth & AI Infrastructure to further accelerate their success."
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