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5 Broadgate

RedstoneConnect secures OneSpace deal with UBS

RedstoneConnect Plc, a provider of technology and services for smart buildings and commercial spaces, has announced a new three-year contract with UBS, the global financial services firm, to deploy the Group’s award-winning workspace management software solution, OneSpace, at its flagship London office 5 Broadgate, which will manage all desks in the London campus with additional scope to broaden its deployment globally to its other 788 offices.

5 Broadgate is set to become one of Europe’s leading smart buildings, and will provide an optimal location to demonstrate the full potential of OneSpace to other UBS offices.

The implementation is part of the new global services contract and follows a highly successful six month pilot of OneSpace at UBS’ Golden Lane offices in the City of London. The pilot demonstrated that accurate analytics, delivered through a scalable software platform, can improve space optimisation. UBS has achieved increased occupancy levels and reduced operational costs at Golden Lane, with employees benefitting from a digitally enhanced work environment with real-time workspace management tools that improve mobility and productivity.

The newly agreed Software as a Service (SaaS) contract provides UBS with a flexible pricing model based on the number of desks being managed by OneSpace, allowing UBS to rapidly add new desks and office locations, as required, throughout their global estate of 788 offices.

Mark Braund, CEO of RedstoneConnect  commented:

“This annuity contract win is another significant milestone in our planned rollout of OneSpace as a next-generation software solution, bringing to life the material benefits of smart building technology. This expanded deployment for UBS demonstrates OneSpace’s capability in both new-build and legacy real estate structures, and across both individual offices and portfolios of properties.”

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