Part I: WeWork + Waltz = Validation

The Commercial Real Estate (CRE) sector has one more reason to care about Access Control — WeWork, who has been a growth catalyst and sometimes thorn in the side of many CRE players has validated the importance of Access Control Technology with their acquisition of Waltz this week. Waltz is an access control company that sells systems to large buildings — selling a visitor management and building access system into skyscraper property owners basically. Their system leverages mobile and aims to bring a better “Flow” to the experience of entering a skyscraper; both an employee and/or a visitor can get through front desk security faster by leveraging their mobile credential which integrates with visitor management, turnstiles, elevators and office doors. Waltz is a relatively new company, with a small team spread between NY and Canada and have been laser focused on figuring out how to help big building owners safely move people in and out of their buildings with ease. So now, WeWork, the giant in the co-working space, has acquired them. Here is why I love this: