Manila-based FlySpaces buys HK-based rival Quickspaces
Manila-based tech start-up FlySpaces, one of Southeast Asia’s biggest flexible office space marketplace operators, has expanded its regional footprint with a deal to acquire Quickspaces, a local competitor in Hong Kong.
While Singapore and Jakarta corners much of the spotlight when it comes to startup success stories, FlySpaces attests to the viability of Manila as a location where startups can grow and thrive.
The acquisition of Quickspaces marks FlySpaces’ second acquisition since its inception three years ago. It acquired Malaysia’s 8Spaces in 2016.
Quikspaces has achieved market dominance as an online booking platform for flexible office spaces after three years of operation. It currently has more than 1,200 listings on its platform. The founders and their team will join FlySpaces and its Hong Kong operations.
“We are excited to join Southeast Asia’s largest platform for flexible office space and join its team while bringing to the table our local expertise and extensive network in Hong Kong. This was a natural fit since Quikspaces will benefit from the large-scale operations and technology that FlySpaces provides, helping accelerate our growth within Hong Kong,” Eunice Wong, CEO and co-founder of Quikspaces said in a press statement on Monday.
“We are seeing a trend of consolidation among brick and mortar co-working spaces, which has only accelerated and become more visible over the last 12 months. Inevitably, this trend is impacting the aggregators as well, so that customers looking for flexible workspaces across Southeast Asia can benefit from the increased scale that one platform can provide. Our platform ultimately provides customers with a single entry point to discover all kind of flexible work spaces and get full visibility and transparency across all markets, while users can also benefit from best in class technologies, prices, and user experience,” said Mario Berta, CEO of FlySpaces.
FlySpaces’ digital marketplace provides short-term work and meeting space solutions to multinational corporations, small and medium enterprises, entrepreneurs, start-ups and mobile professionals, whether the need is for an hour, a day, a week or a few months. It has a network of over 3,000 office space in the form of private offices, coworking spaces, meeting rooms, training rooms, event spaces, and virtual offices. /kga
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