ZenaTech Completes Acquisition of Othership Limited and Advances Quantum Solutions
Deal News | Mar 18, 2025 | Globenewswire
ZenaTech, a technology company specializing in AI drones, Drone as a Service (DaaS), enterprise SaaS, and quantum computing, has completed its acquisition of Othership Limited, a London-based workplace scheduling software company. This acquisition is part of ZenaTech's much broader strategy to enhance internal prowess in quantum computing applications. By integrating Othership's resources, ZenaTech aims to innovate workplace scheduling solutions for multinational corporations burdened with workforce management challenges. CEO Shaun Passley emphasized ZenaTech's commitment to expand quantum computing uses that blend with AI drone and enterprise SaaS operations. Quantum computing is anticipated to be a game-changer in solving complex scheduling tasks efficiently. This move aligns with the booming workspace management software market expected to grow at a CAGR of 13% annually, driven by the rise of hybrid work models and digital transformation. ZenaTech, through subsidiaries like ZenaDrone, continues to invest in developing technology solutions for industries ranging from defense to healthcare.
Sectors
- Technology
- Enterprise Software
- Aviation and Aerospace
Geography
- United Kingdom – Home country of the acquired company, Othership Limited.
- Canada – ZenaTech's presence is significant in Vancouver, British Columbia, where the announcement was made.
Industry
- Technology – The acquisition involves companies specializing in advanced technology applications, including quantum computing, AI, and software solutions.
- Enterprise Software – Othership Limited offers workplace scheduling software, making this relevant to the enterprise software industry.
- Aviation and Aerospace – ZenaTech, through its subsidiary ZenaDrone, is involved in AI drones and DaaS, placing the acquisition in the aviation sector.
Financials
- CAGR of almost 13% – Projected annual growth rate of the global workspace management software market.
- $2 billion by 2032 – Expected market size of the global workspace management software market.
- over $4 billion by 2030 – Projected market size of the quantum computing market.
- CAGR exceeding 30% – Projected compounded annual growth rate of the quantum computing market.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ZenaTech, Inc. | Acquirer | Company | A technology company specializing in AI drones, Drone as a Service, enterprise SaaS, and quantum computing solutions. |
| Othership Limited | Target Company | Company | A London-based company providing workplace scheduling and management solutions to remote-first businesses. |
| Shaun Passley, Ph.D. | CEO of ZenaTech | Person | Executive leading ZenaTech and its strategic initiatives in quantum computing. |
| ZenaDrone | Subsidiary | Company | ZenaTech's subsidiary involved in drone solutions integrating AI and quantum technologies. |