Workplace App Comfy to Be Acquired by Siemens
On June 26, 2018, Siemens Building Technologies Division announced that it plans to acquire Building Robotics, best known by the name of its core product, Comfy, a market leader in the fast growing digital workplace experience app domain. Terms of the transaction were not disclosed. Wilson Sonsini Goodrich & Rosati is representing Building Robotics/Comfy in the transaction.
Headquartered in Oakland, California, Comfy is the developer of a simple-to-use app that enables people to take control of their environment. Through the Comfy app, Siemens Building Technologies will connect people, places, and systems to create amazing workplace experiences—putting people in the center of a building. Comfy directly integrates with existing building automation, IT networks, and IoT systems to provide on-demand control and smart automation, all within a single intuitive app. At a time when smart technology is becoming a must-have in the office, employees can use the app to make immediate changes in temperature and lighting, book rooms and desks, and provide feedback on their space.
According to a press release, following the completion of the transaction, Building Robotics will become a wholly-owned subsidiary of Siemens Industry and continue to operate as a vendor-agnostic platform provider. The transaction is expected to close in the third quarter of 2018, subject to customary closing conditions.
The WSGR team representing Building Robotics/Comfy in the transaction includes:
Robert O'Connor, Partner
Derek Liu, Partner
Matthew Baudler, Associate
Rob Moreno, Associate
Tamir Haddad, Associate
Employee Benefits and Compensation:
Michelle Wallin, Partner
Jaqueline Tokuda, Associate
Manja Sachet, Partner
Chi-Fei Wang, Associate
Briza Sanchez, Associate
Gregory Broome, Partner
Devin Heckman, Associate
For more information, please see Siemens' press release.