RedstoneConnect signs smart building deal with UBS

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Scope to broaden the smart deployment globally to 800 offices at the financial services group

RedstoneConnect has signed a three year contract with global financial services firm UBS, to deploy its workspace management software solution OneSpace at the company’s flagship London office 5 Broadgate.

OneSpace will manage all desks in the UBS London campus with additional scope to broaden its deployment globally to its other 788 offices.

smart grid5 Broadgate is set to become one of Europe’s leading smart buildings, said RedstoneConnect. The implementation is part of a new global services contract and follows a 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 is said to have achieved increased occupancy levels and reduced operational costs at Golden Lane, with employees benefiting 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. This allows UBS to rapidly add new desks and office locations as required, throughout its global estate of 788 offices.

Mark Braund, CEO of RedstoneConnect Plc, said: “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.

“The 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.”

@AntonySavvas