Rifiniti
fmsystems.com

Real-time analytics for commercial real estate.

Founders
Irina Mladenova Michael Gresty
645 Deal Team
Nnamdi Okike
Industry
Enterprise
Entry Stage
Seed
Status
Acquired
Investment Date
2015
Company Overview

Rifiniti's workplace analytics help businesses optimize their office space to reduce costs while delivering flexible, modern workplaces that engage employees. Using existing data and advanced analytics, the Rifiniti cloud-based solution provides powerful insight to workspace utilization that enables Corporate Real Estate leaders to make smarter, faster real estate portfolio decisions that reduce costs dramatically and improve employee productivity, innovation, and satisfaction.

Investment Rationale

When we first met the Rifiniti team, we were impressed with what they had been able to accomplish to that point in the company's life cycle. Revenue growth from the prior 12 months was off the charts, they had highly attractive unit economics, and their customer list was full of big names including EMC, Microsoft, Fidelity, Uber, Exxon Mobil, Cisco, Lenovo, and Allsteel. We were proud to invest in the team and watch them scale to a successful exit.

Exit Summary

FM:Systems acquired workplace analytics provider Rifiniti to enhance its facility and real-estate technology offerings with advanced space utilization and machine learning insights. The acquisition was strategic because Rifiniti's data science and analytics tools strengthen FM:Systems' ability to help clients understand and optimize workspace usage, reducing costs and improving workplace design and operations. Together post-acquisition, the combined company aims to deliver deeper analytics and more powerful workplace optimization solutions as part of a unified platform for real estate and facilities professionals.