FlySpaces CEO and Founder Mario Berta

Philippines-based flexible office spaces online marketplace FlySpaces has today announced that it has acquired its competitor Hong Kong-based Quikspaces.

Following the acquisition, the company’s founders and team will join FlySpaces
and its Hong Kong operations.

Through this deal, FlySpaces will gain 1,200 additional office listings to its marketplace. The platform allows customers to search, book and pay for over 3,000 office listings in Southeast Asia online.

“We are excited to join Southeast Asia’s largest platform for flexible office space and join its team while bringing to the table our local expertise and extensive network in Hong Kong,” said Eunice, CEO of Quikspaces, in an official press release.

“This was a natural fit since Quikspaces will benefit from the large-scale operations and technology that FlySpaces provides, helping accelerate our growth within Hong Kong.”

Mario Berta, CEO of FlySpaces, observed that the ecosystem has been witnessing a consolidation of co-working spaces since a year ago. This trend, in turn, has “inevitably” impacted flexible office spaces aggregators as well, he said.

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“Customers looking for flexible workspaces across Southeast Asia can benefit from the increased scale that one platform can provide,” said Berta.

FlySpaces is currently developing a suite of tools for office space operators to manage all aspects of their co-working business, from space management to end-to-end booking software.

Quikspaces is FlySpaces second acquisition since its founding three years ago. It previously acquired Malaysia’s 8Spaces in 2016.

FlySpaces offers flexible office spaces in Singapore, Manila, Cebu, Kuala Lumpur, Hong Kong, Jakarta, and Macau. Among its notable users are Uber, Google, Heineken, AstraZeneca, and Nestle.

In 2017, the company raised a US$2.1 million a pre-Series A round from a group of investors, led by The Net Group Co-president Raymond Rufino.

Image Credit: FlySpaces