Locatee is taken over by Tango
Locatee is acquired by the Texan company Tango, a leading provider of cloud-based property software. Locatee has developed a solution for analysing the use of workspaces. Its Zurich location becomes the European headquarters of Tango.
Locatee will be part of Tango in future. Founded in 2014, the Zurich-based company has developed a holistic analysis for the optimal utilisation of office space. To do this, Locatee combines data from sensors with information from other sources such as Wi-Fi and wired networks. The solution provides companies with a complete picture of the utilisation of their workstations. This allows space to be better utilised and costs to be saved.
Tango from Dallas wants to combine the Locatee solution with its cloud-based software for property management and building maintenance. On average, space utilisation is only 40 percent, Pranav Tyagi is quoted as saying in a press release. “Organisations are actively seeking to better understand occupancy,” says the CEO of Tango.
The Locatee site in Zurich will now become Tango’s European headquarters. “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 customers 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 analyses, providing insights that benefit the entire property lifecycle, including portfolio strategy, space optimisation, maintenance and sustainability.”
Tango serves over 500 clients in 140 countries.