WeWork's tech head explains why the workplace supplier is shopping for a constructing entry app utilized by prime landlords

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WeWork Dumbo Heights Private Office

  • WeWork is shopping for Waltz, which constructed techniques to permit entry to workplace buildings by way of cell app as a substitute of key card. 
  • WeWork’s chief know-how officer advised Enterprise Insider that the acquisition will assist the workplace supplier, which has 485 places, make constructing entry simpler. 
  • Click on right here for extra BI Prime tales.

WeWork needs its members to ditch the workplace key card. 

The workplace supplier, which has 485 places, is shopping for startup Waltz to make coming into buildings simpler, Shiva Rajaraman, WeWork’s chief know-how officer, advised Enterprise Insider. 

As a substitute of utilizing a plastic keycard, a WeWork tenant heading as much as her workplace may use Waltz’s cell app to enter a turnstile, unlock an elevator ground, and open her workplace door.

“Many occasions you’ve a bodily key card, which we nonetheless assume is a crucial backup, however it is best to have the choice to make use of your telephone,” Rajaraman mentioned.

Learn extra: WeWork’s CEO explains why he thinks his $47 billion firm is recession proof, and the way he retains his ego in test as a younger billionaire

Proper now, Rajaraman mentioned Waltz is utilized by three main landlords, however declined to call them. 

WeWork will proceed working with these teams because it implements the system in its personal workplaces, Rajaraman mentioned. The acquisition additionally provides 30 Waltz staff in New York and Montreal to WeWork’s employees, together with founder Matt Kopel. 

Monetary phrases of the deal weren’t disclosed. The deal is the newest in a string of acquisitions by WeWork, together with its acquisitions of office-services startup Managed by Q  and occasion internet hosting platform Meetup.

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Rajaraman mentioned he is not planning some other acquisitions.

“That is it for now,” he mentioned. 

WeWork is planning to go public later this yr. 

Are you a WeWork worker with a narrative to share? Contact this reporter by way of encrypted messaging app Sign at +1 (646) 768-1627 utilizing a non-work telephone, e mail at mmorris@businessinsider.com, or Twitter DM at @MeghanEMorris. (PR pitches by e mail solely, please.) You can even contact Enterprise Insider securely by way of SecureDrop.

SEE ALSO: ‘Alexa, what ETF ought to I purchase?’ Asset managers like BlackRock and Invesco are testing out voice assistants — however some are sounding the alarm on privateness considerations

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