Appointment of CEO Asia Pacific

RNS Number : 3221H

essensys PLC

03 August 2021

 

3 August 2021

essensys plc

("essensys" or the "Group")

Appointment of CEO Asia Pacific

essensys plc, the leading global provider of mission-critical software and technology to the flexible workspace industry, announces the appointment of Eric Schaffer as CEO of its Asia Pacific business, effective immediately.

Eric joins the Group's Operating Board and will report to Mark Furness, the Group's Founder & CEO.

Eric will lead the establishment of essensys' Asia Pacific business, bringing extensive regional and industry specific experience. He most recently served as the Head of Real Estate Advisory for APAC for WeWork, one of the world's largest flexible office providers, where he established and led a team spread across the region.

In July 2021, essensys successfully raised net proceeds of c.£32m via a significantly over-subscribed placing and open offer.  The net proceeds will be used to pursue the Group's growth plan over the next three years, with a significant proportion used to launch and grow essensys in Asia Pacific.

Mark Furness, CEO of essensys, said:

"Launching a market-leading offering in Asia Pacific is an important part of our strategy to capture the global flexible workspace opportunity.  We are delighted that Eric will lead our efforts in Asia Pacific, where we have exciting ambitions to become market-leader.  His deep experience and extensive network across Asia Pacific will be of great value as we build our presence in the region."

Eric Schaffer, CEO Asia Pacific of essensys, said:

"I'm thrilled to join essensys and drive the Group's expansion in Asia Pacific, a region where there is a significant growth opportunity and obvious product market fit.

Software and technology are key to delivering the flexible real estate solutions that occupiers are now demanding and I look forward to working with a visionary team to help enable landlords and workspace providers to capture this growing opportunity."

For further information, please contact:

essensys plc	[phone]
Mark Furness (Chief Executive Officer) Alan Pepper (Chief Financial Officer)
Singer Capital Markets (nominated adviser and joint broker)	[phone]
Peter Steel / Harry Gooden / George Tzimas
Berenberg (joint broker)	[phone]
Ben Wright / Mark Whitmore / Tejas Padalkar
FTI Consulting (public relations adviser)	[phone]
Jamie Ricketts / Eve Kirmatzis / Talia Jessener / Victoria Caton

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys' software is specifically designed and developed to help solve the complex operational challenges faced by multi-site flexible workspace operators as they grow and scale their operations. The Group's technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.

essensys' Flex Services Platform , addresses these complex operational challenges, and reduces costs by simplifying the day-to-day management of flexible workspaces and the provision of on-demand IT, technology and infrastructure services to tenants. essensys' platforms automate key tasks and processes and help flexible workspace providers deliver highly efficient, customer-centric workspace solutions and member experiences with enterprise class services.

 

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