WeWork Announces Organon as First Enterprise Client for Workplace by WeWork

January 19, 2022 at 07:30 AM EST

The healthcare company partnered with WeWork to deploy the space management software across its global portfolio of office buildings

WeWork Inc. (NYSE: WE) (“WeWork”), one of the leading global flexible space providers, today announced that Organon, a global leader in women’s health, has signed as the first enterprise customer of WeWork’s software offering, The announcement represents WeWork’s first step in rolling out its new space management tool, which leverages the same proprietary software WeWork has used to power and manage its global portfolio of flexible space offerings.

Over the past 12 months, Organon has partnered with WeWork in 34 cities across 26 countries in Europe, the U.S., Latin America and Asia Pacific to establish a footprint of custom-designed spaces that reflect the company’s new values, vision and culture. With an approach focused on individual employee empowerment and flexibility, Organon’s adoption of WeWork’s management software solution will provide a single platform on which employees can navigate a hybrid world of work. Today’s announcement builds upon the physical network Organon has established with WeWork and enables them to embrace a boundaryless workplace strategy.

This software solution will enable Organon to implement a robust desk sharing program by leveraging a more streamlined workspace booking experience, while simultaneously empowering business leaders to better understand space utilization through enhanced access to insights and data. This product will also completely replace Organon’s current integrated workplace management system by incorporating and storing space layouts and designs within the portal.

Scott Morey, President of Technology and Innovation at WeWork said, “As we continue to support companies of all sizes in adapting to a flexible world of work, we’re excited to expand our partnership with Organon through Workplace by WeWork. Organon is rewriting the rule book for pharmaceutical companies, especially in how they approach their workplace experience and real estate portfolio. With this initial application of our software offering, Organon will continue to be a first-mover in providing employees with the tools to navigate a flexible world of work.”

Vittorio Nisita, Head of Global Business Services at Organon said, “Creating a workplace that promotes flexibility across our global organization was an immediate priority for Organon. At the core of our business is innovation - and we believe Workplace by WeWork will bring that to our employee experience. The Organon branded workplace management solution developed by WeWork will also provide value as the need for on the go connectivity with our space and colleagues is essential for flexibility.”

About WeWork

WeWork (NYSE: WE) was founded in 2010 with the vision to create environments where people and companies come together and do their best work. Since then, we’ve become one of the leading global flexible space providers committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences. For more information about WeWork, please visit us at https://wework.com.

Forward-Looking Statements

Certain statements made in this press release may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “pipeline,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Although WeWork believes the expectations reflected in any forward-looking statement are based on reasonable assumptions, it can give no assurance that its expectations will be attained, and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks, uncertainties and other factors. Such factors include, but are not limited to, changes in general economic conditions, including as a result of the COVID-19 pandemic; delays in customers and prospective customers returning to the office and taking occupancy as a result of the COVID-19 pandemic and the emergence of variants leading to a parallel delay in receiving the corresponding revenue; WeWork’s inability to implement its business plan and the success of new product offerings. Forward-looking statements speak only as of the date they are made. WeWork discusses these and other risks and uncertainties in its annual and quarterly periodic reports and other documents filed with the U.S. Securities and Exchange Commission. WeWork undertakes no duty or obligation to update or revise these forward-looking statements, whether as a result of new information, future developments, or otherwise.

Category: Investor Relations

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