Zurich/Dallas – Locatee is being acquired by the Texas-based company Tango, a leading provider of cloud-based real estate software. Locatee has developed a solution for analyzing the use of workplaces. Its Zurich location becomes the European headquarters of Tango.
Locatee will be part of Tango in the future. Founded in 2014, the Zurich-based company has developed a holistic analysis for the optimal use of office space. To do this, Locatee combines data from sensors with information from other sources such as WLAN and wired networks. The solution provides companies with a complete picture of the occupancy of their workstations. This allows space to be better utilized and costs to be saved.
Dallas-based Tango wants to combine the Locatee solution with its cloud-based software for real estate management and building maintenance. Pranav Tyagi is quoted in a press release as saying that the average space utilization is only 40 percent. "Organizations are actively seeking to better understand utilization," says Tango's CEO.
The Locatee site in Zurich will now become the European headquarters of Tango. "We look forward to combining occupancy data at the building, floor and zone level with Tango's industry-leading space management and reservation solutions to provide our clients with a complete picture of planned, projected and actual occupancy," Myriam Locher, co-CEO of Locatee, is quoted as saying.
Benedikt Köppel takes a similar view. "Tango is a leader in the application of artificial intelligence and machine learning in the built environment," the Locatee founder and co-CEO is quoted as saying. "Locatee adds a comprehensive occupancy dataset to the vast amounts of data that Tango already analyzes, providing insights that benefit the entire real estate lifecycle, including portfolio strategy, space optimization, maintenance and sustainability."
Tango serves over 500 customers in 140 countries. ce/js