Contract Extension with UBM

RNS Number : 8892Q

RedstoneConnect PLC

05 December 2016

 

5 December 2016

RedstoneConnect plc

("RedstoneConnect")

RedstoneConnect extends OneSpace™ solution to UBM's US Headquarters

RedstoneConnect (AIM: REDS), a leading provider of technology and services for smart buildings and commercial spaces, announces the deployment of its award-winning workspace management software solution, OneSpace™, with UBM, a leading global events and marketing communications specialist, at their US head office in New York City.

The new agreement is the result of a highly successful OneSpace™ pilot, which is helping UBM to meet their real-estate and sustainability objectives at their European head office in central London.

OneSpace™ provides real-time monitoring and analysis of occupancy trends, enabling organisations to optimise the utilisation of space, ultimately reducing capital and operational costs whilst improving work force engagement and the working environment. It is a pure software solution that can be rapidly configured to any space anywhere in the world.

The newly agreed Software as a Service (SaaS) contract provides UBM with a flexible pricing model based on the number of desks being managed by OneSpace™, with the latest project for UBM seeing the deployment of OneSpace™ for integrated room booking and desk monitoring across 174 desks and 17 meeting rooms at UBM's New York office.  

OneSpace™ has enabled UBM to adapt and optimise the use of its office space. As a result of the implementation of OneSpace™ at UBM's 11,000 Sq Ft office in London, staff have been able to work more flexibly, enabling the business to operate at a ratio of 10 desks to every 14 employees, with occupancy rates in excess of 80%.

Mark Braund, CEO of RedstoneConnect, commented:

"OneSpace™ has proved itself as an essential business tool for UBM and one that is driving material cost savings. By using OneSpace™ analytics to quantify results, UBM has been able to increase head count using the same real estate footprint, whilst freeing up space for much needed meeting areas.

"The significant cost savings and enhancements to the working environment at UBM London can now be replicated by UBM in New York City, with OneSpace™ central to these initiatives."

Enquiries:

RedstoneConnect Plc Mark Braund (CEO) Spencer Dredge (CFO)	via Vigo Communications
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Marc Milmo/Phil Davies/Catherine Leftley/Callum Butterfield	[phone]
Whitman Howard Limited (Joint Broker) Nick Lovering	[phone]
Vigo Communications (Financial Public Relations) Jeremy Garcia / Ben Simons / Antonia Pollock [e-mail]	[phone]

About RedstoneConnect

RedstoneConnect is focused on technologies that make real estate more efficient and businesses more effective. Its businesses, Redstone and Connect IB, provide the infrastructure capabilities and the software applications to deliver smart building and smart workspace solutions for commercial businesses, public sector organisations, real estate owners and managers. Visit our website at www.redstoneconnectplc.com.

About OneSpace™

OneSpace™ is a software solution, available as a SaaS offering or on a traditional licence basis.  The software provides real time measurement and analysis of occupancy trends, delivering optimisation of office space environments. This enables organisations to maximise the utilisation of space, ultimately reducing operational costs at the same time as improving work force engagement and the working environment. OneSpace™ is a functionally rich software platform, enabled over any device, empowering both employees and managers alike, resulting in a more collaborative and effective work environment. OneSpace™ is a pure software solution that requires no significant investment in hardware, making it a cost effective solution that can be rapidly configured to any space anywhere in the World.

 

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