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View acquires RXR Realty’s WorxWell platform to drive real estate digital transformation

March 1, 2022
WorxWell’s data analytics platform aggregates all building data including occupancy, space usage, digital collaboration and work patterns, access control, air quality, temperature, and environmental factors into a consolidated dashboard.

Smart building technologies specialist View, Inc. (NASDAQ: VIEW) last December announced its entry into a strategic agreement with RXR Realty to combine RXR’s WorxWell data analytics platform into the broader View technology stack.

Formerly known as RxWell, WorxWell’s data analytics platform aggregates all building data including occupancy, space usage, digital collaboration and work patterns, access control, air quality, temperature, and environmental factors into a consolidated dashboard to optimize every aspect of building operations and workplace experience for both building owners and occupiers.

The platform also offers tools and mobile apps that put employee health and safety, security, space utilization, hybrid work analyses, employee experience and engagement, ESG optimization and compliance, operational information, and more in the hands of building managers and tenants, said View. WorxWell is currently deployed in 25 million square feet of office buildings.

Scott Rechler, Chairman and CEO of RXR Realty, commented, “View has built the industry’s most comprehensive technology stack to drive the digital transformation of real estate. We created WorxWell to re-invent the office experience and we see this partnership with View as the fastest way to take the product to the next level, and ensure that our buildings and customers will always have the latest and greatest technological advances. Working together with View, we will combine our in-depth knowledge of the space with real-time tenant feedback to keep WorxWell on the vanguard of creating transformational experiences for our customers and driving the digitization of real estate.”

View notes it has built a converged, enterprise-grade, secure network that serves as the platform for smart buildings; the company also offers infrastructure security software, machine-learning enabled smart sensors and analytics, and products to enhance user health and experience, energy savings, and operational efficiency in buildings.

"Acquiring WorxWell enables View to provide an integrated, end-to-end technology and product stack that seamlessly brings together software, sensors, and data from View and third parties, into a unified platform, so real estate owners and enterprise customers can use data to effectively and efficiently respond to changing trends in real estate, such as hybrid work, health and wellness, and sustainability," a company statement added.

This transaction follows View’s acquisition earlier in 2021 of IoTium, a provider of secure, cloud-managed, software-defined IoT networks. Through these acquisitions, View continues to expand its offerings to provide a full technology stack for smart buildings.

“Real estate owners and tenants are embracing technology to deliver better occupant experiences, improved health, lower carbon emissions, and superior business outcomes,” observed Dr. Rao Mulpuri, CEO of View. “We are excited to partner with RXR to bring together the best of both companies – RXR’s real estate expertise and tenant insights and View’s deep technology and product development expertise – to make buildings healthier, more energy efficient, more adaptable to user needs, and lower cost to operate.”

View's signature product is its Smart Windows platform, which uses artificial intelligence to automatically adjust in response to the sun, increasing access to natural light and unobstructed views while eliminating the need for blinds and minimizing heat and glare. Every View installation includes a cloud-connected smart building platform that can easily be extended to reimagine the occupant experience.

According to the company, the View platform is installed and designed into over 90 million square feet of buildings including offices, hospitals, airports, educational facilities, hotels, and multi-family residences. Visit www.view.com.

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