essensys PLC

16 March 2021

16 March 2021

essensys plc

("essensys" or the "Group")

Flex Services Platform launch

Single platform to address unique challenges of flexible workspaces;

essensys' IP, built over 15 years, driving next-generation experiences;

86% of occupiers see flexible office space as critical

essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, announces the launch of its Flex Services Platform.

The Flex Services Platform gives real estate leaders a single software and digital infrastructure platform to operate and scale up their flexible workspaces.

Using essensys' digital infrastructure and IP developed over the last 15 years, the Flex Services Platform allows landlords and flexible workspace operators to provide next-generation experiences for occupiers and meet rapidly evolving needs in coming years.

Built on private network and cloud infrastructure, the platform supports the four key components that determine the quality of occupier experience: secure digital infrastructure, effective space setup, flexible operations management, and easy-to-use mobile-first occupier interactions.

The Flex Services Platform will enable real estate leaders to:

   --      Attract and retain enterprise occupiers with the highest levels of security, resilience and connectivity; 
   --      Remove complexity through simplification and automation of core processes; 
   --      Transform the occupier experience by unifying physical spaces, people and technology; 
   --      Control costs; and 
   --      Scale effectively with a modular approach (i.e. the option to add components as needed). 

A recent survey from CBRE indicates that 86% of global occupiers see flexible office space as a critical component of their future real estate strategy(1) . However, delivering on the promise of flexible workspaces and seamless occupier experiences brings complexity and the risk of uncontrolled costs. The Flex Services Platform specifically addresses these challenges, enabling landlords and flexible workspace providers to transform in-building experiences and scale up their portfolios.

Mark Furness, CEO of essensys, said:

"We've been providing enterprise class software and technology for the world's leading office landlords and flexible workspace providers for the past 15 years. We've taken this deep sector experience and combined it with feedback from the industry's most forward-thinking companies to develop and create a unique next-generation platform for flexible real estate. The Flex Services Platform brings together people, spaces and technology to deliver the secure, frictionless occupier journeys and amazing in-building experiences that we believe will be key for the success of our customers, their buildings and their tenants in the months and years ahead.

I'm thrilled to see this vision realised with the launch of the Flex Services Platform and we are very excited for its future."

One customer that has benefited from essensys' technology is fast-growth flexible office provider, Industrious. Since 2013, it has scaled its operation from a single location in one market to over 100 locations across more than 50 markets.

Rachael Gursky, VP of Customer Experience and Technology said: "At Industrious, we are committed to building dynamic workplace destinations of the future. Technology is a critical component of the way we deliver premium flexible offices to our members and is integral to the management layer we offer our landlord partners. I'm excited about the launch of the Flex Services Platform and am confident it will transform the way our team and members engage with our workspaces."

For further information, please contact:

                                                  +44 (0)20 3102 
 essensys plc                                               5252 
 Mark Furness, Chief Executive Officer 
 Alan Pepper, Chief Financial Officer & Chief 
  Operating Officer 
 N+1 Singer (Nominated Adviser and Joint          +44 (0)20 7496 
  Broker)                                                   3000 
 Peter Steel / Harry Gooden / George Tzimas 
                                                  +44 (0)20 3207 
 Berenberg (Joint Broker)                                   7800 
 Richard Kauffer / Tejas Padalkar / Alix 
 FTI Consulting 
 Jamie Ricketts / Eve Kirmatzis / Debbie          +44 (0)20 3727 
  Oluwaseyi Sonaike / Talia Jessener                        1000 

About essensys plc

essensys is the leading global provider of mission-critical SaaS platforms and on-demand cloud services to the high growth flexible workspace industry. essensys' software is specifically designed and developed to help solve the complex operational challenges faced by landlords and multi-site flexible workspace operators as they grow and scale their operations. The Group's technology allows operators to deliver a range of differentiated, flexible and customer-specific services to a broad base of tenants across multiple locations and helps operators to manage the cost, operational and technological challenges they typically encounter.

essensys' Flex Services Platform addresses these significant operational pain points head on and reduces costs by simplifying the day-to-day management of flexible workspaces and the provision of on-demand technology and infrastructure services to tenants. essensys technology delivers secure digital infrastructure, effective space setup, seamless operations, and mobile-first occupier interactions. It automates key tasks and processes and helps flexible workspace providers deliver highly efficient, customer-centric workspace solutions and in-building experiences with enterprise class services.

Source 1: 2020 Global Occupier Sentiment Survey, CBRE Research, September 2020

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March 16, 2021 10:00 ET (14:00 GMT)

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