Virtual Offices
Davinci Virtual Scores 100 Virtual Office Partner
Published September 16th, 2009 by Jennifer LeClaire
Davinci Virtual is on the move in the United Kingdom. The U.S.-based virtual office solutions company just announced its 100th partner center in the UK after less than 10 months in the market. Davinci Virtual has, on average, added more than 10 partner centers a month and represents more than 400 different organizations.
A key part of Davinci Virtual’s strategy is to partner with serviced office providers to supply the virtual side of the office solutions. Davinci has partnered with executive office suites companies like Abbey Offices, Avanta, Inigo, Oxford Innovations, Sharespace and The Office Group to provide customers with access to prime locations on a local or national scale. In total, Davinci has a network of 100 locations across the country and 600 virtual office locations worldwide.
“It’s a great achievement to reach our first 100 centers in the UK,” Steve Golding, Davinci’s general manager in the UK. “We’re delighted that our business has grown so quickly and efficiently to meet the increased demand for virtual office services across the country.”
Davinci Virtual reports a hunger for its virtual office services in the wake of fallout from the global financial crisis. As laid off workers look to launch start-up businesses with minimal investments, virtual office space is a popular option.
However, Davinci Virtual isn’t only attracting small businesses. The company said larger operations are also turning to Davinci’s virtual office solutions as a vehicle to lower overhead costs in physical locations. Davinci’s virtual office package offers the same services of conventional offices and access to facilities without renting physical office space.
The executive office suites and virtual office industries continue to gain momentum in a down economy. Regus recently opened its 1,000th facility, and now Davinci Virtual reaches the 100 partner mark. It appears that Davinci Virtual will grow more rapidly than Regus with its virtual strategy. It took Regus 20 years to hit the 1,000 mark. At its rate, Davinci Virtual would reach 1,000 centers in about six years. The question is whether or not the company can keep up this growth.
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Melanie Jones September 16th, 2009 at 5:05 am
It seems like a major one-two punch between Regus and Davinci Virtual right now. Both companies are hitting on all cylinders: one with serviced office space and one with virtual office space. Where is Davinci Suites in all of this? How is Davinci Suites performing in the competitive fray?
Elizabeth Sanchez September 16th, 2009 at 9:17 am
Davinci can grow faster because it’s riding on the back of serviced office space providers for part of its expansion. By teaming up with companies in the executive office suites industry, Davinci Virtual’s reach can grow exponentially and many are served. No one mentions the quality of Davinci Virtual’s service, but I figure it must be pretty exceptional or it couldn’t strike all these partnership deals.
Marcus Hester September 16th, 2009 at 9:21 am
I think it’s pretty impressive by any means that Davinci Virtual could get so far in a foreign land in such a short time. Remember, this is a U.S. based virtual office space company. It’s not as if they are executing this strategy in their own back yard. Now that Davinci Virtual is fairly well established in the United Kingdom, I would expect even more rapid growth. I suppose there is a saturation point eventually, but as long as the serviced office industry keeps growing, Davinci Virtual seems poised to grow with it.
Bill Brookshire September 16th, 2009 at 9:28 am
Who competes with Davinci Virtual on this front? It seems like they are storming the marketplace and they must be doing it at the expense of somebody. It’s interesting also that these serviced office space providers are partnering with Davinci Virtual instead of building out their own virtual office solutions. Looks like Davinci Virtual found a need and met it.
Mike Sullivan September 16th, 2009 at 10:14 am
Well, it’s a bit easier in some ways for Davinci to “build out” since they are essentially a service provider, using the facilities of existing office space providers. So they may hit 1000 more quickly than Regus. But they will probably run into some resistance with their partners at that point. Not everyone wants to partner with someone they also compete with.