Orrick, Herrington & Sutcliffe LLP
01/17/2025 | Press release | Distributed by Public on 01/17/2025 10:30
Coworking and Flexible Workspaces: Hubble Acquired by Yardi
Hubble, the UK's leading online marketplace for coworking and flexible workspace, has been acquired by real estate technology provider Yardi.
Orrick represented Hubble.
THE COMPANIES
Hubble enables individuals and employers to book on demand or flexibly contract for coworking desks, private offices, managed offices, part-time offices, meeting rooms and event spaces.
Yardi develops industry-leading software for all types and sizes of real estate companies across the world. With 9,500 employees, it works with clients to drive significant innovation in real estate.
Yardi platform CoworkingCafe is the most comprehensive global marketplace for listing and booking coworking and flexible workspaces. It lists over 21,000 locations.
THE IMPACT
Tushar Agarwal, CEO and co-founder of Hubble, said the company is "incredibly excited to continue to scale this vision" by joining Yardi.
"We couldn't have found a better home to accelerate our growth and enhance the value we deliver to customers," he said on LinkedIn.
The acquisitions mark a significant step forward in aligning commercial buildings with the increasingly agile needs of office users, Yardi said in a statement. Yardi also acquired Deskpass, a leading booking platform in North America for coworking and flexible workspace.
"Bringing together market leaders in Deskpass, Hubble and CoworkingCafe to expand the size, quality and ease of booking across the marketplace is critical to meet the increasing need for flexible space driven by professionals and corporations," Yardi said.
THE TEAM
Katie Cotton led the Orrick team that advised Hubble. The team included Christopher Grew, Gilbert Harrold, Charles Sheldon, Jonathan Rosen, Melinda Szekeres and Milo Dunne.