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NEW YORK CITY- Workplace management platform Eden has acquired its competitor Managed by Q from WeWork after a months-long bidding process. The acquisition amount is undisclosed for the investment round that Jones Lang LaSalle Technologies led to cement the acquisition, as it joins the JLLT portfolio in a new partnership.

According to news reports, Eden received a deep discount for Managed by Q, which WeWork paid an estimated $200 million for close to a year ago. Eden will absorb Managed by Q's workforce, existing clients and vendors. The acquisition means more growth for the firm but doesn't change anything different from a strategy perspective, J Joe Du Bey, CEO and co-founder of Eden, tells GlobeSt.com.  "Eden was already in hyper-growth and the acquisition even accelerates our growth even and makes us a clear category leader for workplace platforms," Du Bey said. "It will help us to scale throughout the U.S. and internationally this year." 

Yishai Lerner, co-CEO of JLL Technologies, will join Eden's board of directors, filling one of the seven seats. He will also oversee a new distribution partnership between JLL Technologies and Eden to expand the software firm's goods and services to JLL clients, making Eden and Managed by Q a part of the JLLT portfolio.  "No matter the size of the company, whether a fast-growing startup or one of the Fortune 1000, JLL aspires to solve its workplace experience needs," said Lerner in a prepared statement.