Newmark Global Corporate Services Secures Global Contract with Cybersecurity Firm, Trellix

Rhea-AI Summary

Newmark Global Corporate Services (GCS) has secured a long-term integrated facilities management contract with cybersecurity firm Trellix. This engagement enhances Newmark's service offerings beyond transaction management, supporting operations in 11 countries. Newmark GCS will provide services including employee experience, dining, and facilities technology, while also promoting Trellix's environmental initiatives. The partnership is aimed at improving employee engagement and productivity within Trellix's hybrid workplace culture. Newmark reported revenues of approximately $3.1 billion for the year ending September 30, 2022, highlighting its strong market position.

Positive

• Secured a long-term contract with Trellix, expanding service offerings.
• Providing services across 11 countries and multiple service lines.
• Enhances employee experience and workplace technology services.

Negative

• None.

Providing integrated facilities management solutions across five continents

NEW YORK, Feb. 2, 2023 /PRNewswire/ -- Newmark Global Corporate Services (GCS) announces it has been awarded a long-term integrated facilities management contract with Trellix, the cybersecurity company delivering the future of extended detection and response (XDR). This engagement—which expands Newmark GCS' services from transaction management into multiple service lines—demonstrates a commitment to delivering superior, holistic solutions for corporate real estate clients.

Under the terms of the contract, Newmark GCS professionals will support Trellix's operations across 11 countries on five continents, including leased offices, hi-tech facilities and multi-purpose spaces. Newmark GCS will provide Trellix with outsourced facilities management services internationally, including employee experience, dining, engineering, business support, transportation and facilities technology. Newmark will also provide Trellix access to flexible workspaces globally via Optality, Newmark's intuitive technology that enables users to manage and book flex space on demand. While fulfilling Trellix's corporate facilities management requirements, Newmark GCS is also committed to furthering the cybersecurity company's commitment to environmental stewardship.

"Resilient, sustainable, high-performing operations is a top priority for Trellix. Our relationship with Newmark GCS and its diverse supplier community is an integral part of that mission," said Jessica Salcido, Trellix Vice President of Workplace Strategy. "Through our collaboration with Newmark, our cybersecurity leaders are empowered to create a workplace where employees are engaged, productive and connected — strengthening our hybrid culture."

"Securing a new multi-service, global contract with Trellix demonstrates our commitment to providing clients with compelling offerings, especially in the employee experience and workplace technology disciplines. These areas are crucial to attract talent and compete in today's dynamic business climate," said Luis Morejon, Newmark GCS Global Facilities Management Leader. "Trellix was seeking a partner to join them on their growth journey, capable of being nimble, flexible and transparent. At the core of our relationship is a client-centric commercial and operational model through which we will create global standards while supporting Trellix to flex workplace settings in real-time to achieve ambitious business goals."

Newmark Vice Chairmen Bill Benton and Mike Saign of San Francisco and San Jose brokerage referred the GCS team for the Trellix contract assignment. "This was an exciting cross-business collaboration to benefit our client. We are thrilled with the outcome and trust Trellix has placed in our collective team," said Benton.

About Trellix
Trellix is a global company redefining the future of cybersecurity and soulful work. The company's open and native extended detection and response (XDR) platform helps organizations confronted by today's most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of approximately $3.1 billion for the twelve months ending September 30, 2022. Newmark's company-owned offices, together with its business partners, operate from approximately 180 offices with nearly 6,700 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

Discussion of Forward-Looking Statements about Newmark
Statements in this document regarding Newmark that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, Newmark undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see Newmark's Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.

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SOURCE Newmark Group, Inc.

FAQ

What contract was awarded to Newmark on February 2, 2023?

Newmark Global Corporate Services was awarded a long-term integrated facilities management contract with Trellix.

What services will Newmark provide under the Trellix contract?

Newmark will provide outsourced facilities management services including employee experience, dining, engineering, and facilities technology.

How many countries will Newmark support Trellix operations in?

Newmark will support Trellix's operations across 11 countries.

What was Newmark's revenue for the twelve months ending September 30, 2022?

Newmark generated revenues of approximately $3.1 billion for that period.

What is the stock symbol for Newmark Group?

Newmark Group is listed under the stock symbol NMRK.