SWG Joins The Race To Deliver The Most Complete Facilities Management Software After Addnode Group Acquisition

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Executive Summary

In July 2017, Sweden-headquartered software and IT services provider Addnode Group announced the acquisition of facility, property and workplace management software vendor Service Works Group (SWG) in an SEK 132 million ($16.3 million) deal. Following the acquisition, SWG will operate as its own brand within Addnode Group’s Design Management division and plans to broaden its software via integrations with other software solutions within the Addnode Group. This latest deal confirms that mergers and acquisitions across the real estate and facilities management software market are not slowing in pace. Verdantix finds that this latest acquisition fuels the race to provide a complete software for facilities management and ramps up pressure on computer aided facilities management (CAFM) and integrated workplace management system (IWMS) vendors without strong organizational resources or funding.

Table of contents

SWG Joins The Race To Deliver The Most Complete Facilities Management Software After Addnode Group Acquisition
Addnode Group Will Provide SWG With Greater Geographic Reach And Opportunity To Broaden Its Software Platform
Latest Deal Continues To Put Pressure On Real Estate And Facilities Software Vendors Offering Point Solutions

Organisations mentioned

5D System, Accel, Accel-KKR, Accruent, Addnode Group, Axxerion, CAD-Q, Canella, FM:Systems, Forsler & Stjerna, FSI, Genstar Capital, IBM, Infostrait, Intrinsys, iOFFICE, Lucernex, Main Capital, Manhattan, MCS Solutions, Nokia, Planon, PLM, Service Works Group, ServiceChannel, Symetri, TRIRIGA, Trimble.

About the author

Susan Clarke

Principal Analyst

Susan is a Principal Analyst in the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace management systems and IoT platforms for buildings. Her research expertise also includes a broad range of energy management technologies and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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