US: Vast Coworking Group, the world’s largest privately-owned franchisor of coworking spaces, has acquired Intelligent Office, making it the third largest coworking network globally.
Vast was founded last year by Ray Titus with the intention of building a framework to connect a variety of coworking brands, services, and amenities within the coworking industry – similarly to what has been done by major multi-brand hotel chains.
With the addition of Intelligent Office, Vast has expanded its North American footprint with an additional 55 locations throughout the US and Canada. It now has more than 190 locations, 40,000 members, and occupies 2.4 million square feet of space in eight countries.
Intelligent Office joins sister Vast brands, Office Evolution and Venture X, in the Starpoint Brands group.
“Intelligent Office brings not only more locations to Vast, but also its unique, full service member experience that includes custom call answering, executive assistants, and more,” said Titus, CEO of United Franchise Group, the company that includes the Vast Coworking Group and Starpoint Brands. “Intelligent Office is positioned for great growth in 2024 and is the perfect addition to Vast as we continue to establish an unparalleled network of coworking spaces to meet the evolving needs of our diverse and dynamic member community.”
Launched in 1995, Intelligent Office is described as “the first concept to commercialise the virtual office space”. Jason Anderson, President of Vast, will lead the brand and oversee its ongoing development and growth.
“We are thrilled to welcome Intelligent Offices into our Vast family,” said Anderson. “This milestone acquisition propels us to new heights, making us a top choice for professionals seeking flexible and collaborative workspace solutions. With a robust network, unmatched amenities, and a commitment to innovation, Vast is set to redefine the coworking landscape globally.”
