FlySpaces acquires 8spaces
By Digital News Asia November 29, 2016
- Deal aims to provide a launchpad for FlySpaces in Kuala Lumpur and the surrounding region
- FlySpaces’ Jakarta operations will go live in January 2017
FLYSPACES, the “Airbnb for Office Spaces” which currently holds the largest inventory of workspaces in Asia (over 800 available spaces across five cities) is excited to announce the acquisition of 8spaces, a marketplace for boutique spaces for work-related activities based in Kuala Lumpur.
FlySpaces CEO Mario Berta, explains “With 8spaces joining our portfolio, we will further drive our growth and strengthen our leadership position in Southeast Asia, and at the same time we are adding a very strong member to our executive team in Lais de Oliveira, with in depth local knowledge and community expertise.”
The founder of 8spaces, Lais de Oliveira, states “Joining the fastest growing regional player will enable 8spaces to fulfill its mission while working with a solid and strong team. This is the direction 8spaces was headed in any case.”
The deal aims to provide the ideal launchpad for FlySpaces in Kuala Lumpur and the surrounding region, besides incrementally expanding its networks in the region.
FlySpaces COO Guillaume Martin, elaborates “The acquisition of 8spaces is a logical step in the growth of FlySpaces in Southeast Asia and we couldn’t be happier to add Lais’ expertise and 8spaces’ strong networks to our platform.”
The acquisition was made for an undisclosed amount of cash and equity.
With a growing team and regional footprint, FlySpaces has a strong list of partners and clients including Nestle, Heineken, Unilever, Google, and Uber. Its rapid expansion is possible because of its lean operating structure and expansive network of clients and partners across the region.
FlySpaces is continuing its upward ascension in the region, with Jakarta operations going live in January 2017.
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