WeWork buys construction tech company

FieldLens is a project management app

TRD New York /
Jun.June 07, 2017 06:00 PM

Adam Neumann

WeWork TRData LogoTINY has scooped up a construction tech company to help build out office space for its tenants.

The coworking company acquired FieldLens, a software application that helps various parties involved in a project — the developer, architect, construction manager, etc. — communicate in real time, Construction Dive reported. In a blog post, WeWork’s chief product officer David Fano noted that FieldLens will help the company manage millions of square feet of construction in the coming year.

“Today, there is information loss at every stage of the building process as real estate, design, construction, and operations are provided by a large number of disparate providers,” Fano wrote. “This results in needless waste of materials, time, and capital at the end user’s expense.”

Fano did not disclose the value of the deal.

In 2015, WeWork purchased Case, a building information modeling (BIM) consultancy. Earlier this month, the company launched a new business line — WeWork Wellness — that offers fitness classes and manages a gym.

WeWork has 140 locations in 44 cities. [Construction Dive] Kathryn Brenzel 

(To view WeWork’s office leasing transactions, click here)


Related Articles

arrow_forward_ios
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

WeWork CEO Adam Neumann (Credit: Getty Images and iStock)

WeWork’s side businesses are fizzling

Sarah Pontius (Credit: Union College)

Another head rolls at WeWork

From left: Dan Teran and Joe De Bey (Credit: Getty Images)

Two bitter rivals compete for WeWork castoff

WeWork's Artie Minson and Managed by Q's Dan Teran 

WeWork in talks to sell off Managed by Q to free up some cash

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann looks to sell Gramercy penthouse

Softbank CEO Masayoshi Son and Goldman Sachs CEO David Solomon (Credit: Getty Images)

Goldman Sachs will lead Phase II of SoftBank’s WeWork rescue plan

Newable Flexible Workspace's Brett Million and Serendipity Labs CEO John Arenas

As co-working firms leave London, a new arriver plans to make a splash

arrow_forward_ios