Newmark Knight Frank has acquired Workframe, Inc., a workflow solutions provider that the company hopes will propel its tech platform to the next level.
Developer for the commercial real estate sector exclsuively, Workframe was designed to provide a portfolio-level view of any project and every person’s part in it.
It offers large corporate tenants, landlords, brokers and service providers visibility into their workflow and actionable data that can be used to keep everyone on track.
“Workframe is a fundamental industry distinction for us and we expect it to propel NKF’s technology platform, ultimately elevating every aspect of our CRE services globally,” said NKF’s chief information officer, Raj Bhatti.
“Since introducing the software internally early this year, Workframe has added immediate benefits to both our clients and professionals through major NKF verticals, including leasing, capital markets, valuation and advisory, property management and GCS, by enhancing strategic and efficient collaboration and productivity with clients.”
Workframe is expected to be utilized by NKF professionals and clients to manage a high volume of concurrent projects, engage throughout a document-centric workflow, and unite large, geographically distributed teams, often comprised of stakeholders across multiple third-party organizations.
“The Workframe team is thrilled to be joining Newmark,” said Workframe CEO Robert Moore, who along with Matt Smith, was one of the company’s founding partners in 2016.
“NKF has been an invaluable partner to us, and we’re looking forward to deepening our relationship and continuing our work together.”