SAN FRANCISCO--(BUSINESS WIRE)--Apr 22, 2025--
Envoy, an integrated workplace platform that connects people, spaces, and data, today announced two executive hires: Daryle Burt as Chief Revenue Officer and Ras Gill-Boulos as Vice President of Marketing. The hires reflect Envoy’s strategic expansion as demand surges for smarter, data-driven workplace solutions that reduce real estate costs and adapt to the evolving way people work.
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As return-to-office trends pick up speed, companies are under pressure to do more with less. Office space remains one of the largest expenses on the balance sheet, yet only 46% of leaders actively measure its effectiveness. Envoy’s recently launched Actionable Analytics gives organizations the insights they need to make tailored decisions about how space is being used, eliminate guesswork, and make informed decisions that drive both savings and stronger in-office collaboration.
Envoy’s workplace platform has already helped customers like the Alberta Energy Regulator save $15 million by identifying underused office space and consolidating leases. With Daryle and Ras joining the team, Envoy is poised to expand its reach and deliver even greater impact for companies navigating the future of work.
“Companies today must rethink how they use their space,” said Larry Gadea, CEO and founder of Envoy. “Real estate is almost always the second biggest expense, and when managed right, businesses save millions while making work more meaningful for their people. Daryle and Ras bring deep experience in growing teams and scaling go-to-market operations. We’re thrilled to have them on board as we build the future of workplace management and especially in our current period of growth.”
Daryle joins Envoy after leading the Enterprise revenue strategy at AuditBoard, where he helped scale the company from $55 million to $270 million ARR prior to its acquisition by Hg Capital. He also led growth efforts at Workfront through its acquisition by Adobe. At Envoy, he’ll focus on expanding across all customer segments and building a world-class sales organization.
“I’m excited to help more companies realize the value Envoy brings—both in operational savings and in creating a better workplace experience,” said Daryle Burt, Chief Revenue Officer at Envoy. “We’re building a sales team rooted in accountability, development, and performance—and the opportunity for growth here is massive.”
Ras brings a strong background in marketing leadership, with past roles at GoodData, Explorium, and Pulse Q&A, a startup acquired by Gartner. Her career started in strategy at The Boston Consulting Group, and she’s led global marketing teams focused on product launches and brand transformation. At Envoy, she’ll drive efforts to introduce new products, grow into new markets, and scale the marketing function.
“Envoy is a brand I’ve trusted and used in previous roles—it just works,” said Ras Gill-Boulos, VP of Marketing at Envoy. “What stood out to me was the team, the momentum, and the chance to help companies thrive as they navigate return to office. I’m excited to support this next phase of growth.”
To learn more about Envoy and how it’s shaping the future of work, or to join the team, visit envoy.com.
About Envoy
Envoy empowers over 16,000 workplaces and properties around the globe to redefine how their workplaces run. We connect people, spaces, and data in one seamlessly integrated workplace platform, providing a single solution to manage every aspect of any facility, anywhere. Companies of all sizes can deliver unrivaled employee and visitor experiences to optimize working together in-person. By capturing data and space usage across multiple sources, we help customers make informed workplace resourcing and investment decisions–all while supporting the requirements of operating a secure, safe and fully compliant workplace. We power the places where people work best together.
Ras Gill-Boulos, Vice President of Marketing at Envoy
Daryle Burt, Chief Revenue Officer at Envoy
WASHINGTON (AP) — The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures, hampering economic growth and creating a new risk for Republicans in November’s midterm elections.
The energy price spike triggered by the Iran war has seeped into the price of bonds that help fund the U.S. government. Interest rates on a 10-year U.S. Treasury note are topping 4.44%, up from 3.95% before the war started at the end of February. Average mortgage rates have climbed to their highest levels in nine months, while auto sales are slumping.
The challenge is global in scale, as interest rates have risen for multiple countries as the world has been adjusting to the prospect of higher inflation, mounting questions about the sustainability of government debt and a dramatic surge in investment in artificial intelligence.
Trump has tried to assure Americans that he has a plan to trim the roughly $1.8 trillion annual budget deficit. In the past, he has pointed to revenue from tariffs, payments from foreigners for his “Gold Card” visa, spending cuts made by the Department of Government Efficiency, and faster economic growth. Last week, he said the fraud task force led by Vice President JD Vance would be the key to unlocking massive savings.
“If he does really great, we’ll have a balanced budget without having to do anything,” Trump said.
Economists say Trump’s strategies to meaningfully curb the deficit are unlikely to deliver the promised results.
The cost of servicing the national debt has tripled since 2021 to more than $1 trillion annually, said Jessica Riedl, a budget and tax fellow at the Brookings Institution.
“President Trump signed a tax cut bill that will likely add $5 trillion to 10-year deficits — and tariffs are offsetting only a small fraction of those costs,” she said. “Budget deficits are still projected to soar past $4 trillion annually within a decade under current policies.”
Deficits are expected to grow over the next decade as the costs of Social Security and Medicare outstrip tax revenues.
The 10-year U.S. Treasury rate climbed as high as 4.67% in the middle of May and has since eased as negotiations over the Iran ceasefire continued — just as rates initially climbed in 2025 because of Trump's “Liberation Day” tariffs and then began to decline once Trump backed off the most extreme increases.
When Kent Smetters, faculty director of the Penn Wharton Budget Model, broke down the math tied to rising 30-year Treasury yields, he estimated that 60% of the increase had come from the expectation that America will continue its outsized borrowing and the other 40% was tied to the inflation driven by the Iran war and Trump’s tariffs.
Glenn Hubbard, a former chairman of the White House Council of Economic Advisers during the George W. Bush administration, worries that the U.S. may no longer have the same borrowing capacity as before to effectively combat an economic crisis, such as the 2008 crash or the coronavirus pandemic.
“I don’t think we have the space that we had in 2008 or 2020 to deal with it,” said Hubbard, now a professor at Columbia University's Business School. “Washington doesn’t seem to be full of ideas — good or bad — to solve it.”
Higher interest rates are giving Democratic candidates in the races to determine control of the House and Senate another line of attack at a time when voters are concerned about high costs for food and gasoline.
In Colorado’s fifth congressional district, Democrat Jessica Killin is leaning into the message that the persistent deficits and higher interest rates make it harder to buy or renovate a home, afford a new car or manage credit card debt.
“Things are already expensive,” said Killin, an Army veteran who was a top aide to Doug Emhoff, the former second gentleman. “We can already talk about gas, but the cost of borrowing only makes that worse.”
Joe Reagan, an Army veteran also seeking the Democratic nomination, said in an email that he is talking “a lot about fiscal stewardship” in his campaign. “Every dollar spent paying interest is a dollar that isn’t being invested in infrastructure, education, veterans’ services, or economic growth," he said.
They are challenging Republican Rep. Jeff Crank in a district that their party views as a potential pickup. Killin said the deficit is an example of how “Trump says one thing and does the opposite.”
In his March 2025 address to Congress, Trump declared that “in the near future, I want to do what has not been done in 24 years: balance the federal budget. We’re going to balance it.”
Crank, the Republican incumbent, did not reply to requests for comment.
The administration maintains that it is going to steadily reduce budget deficits. As a share of the overall economy, the deficit last year was lower than it was in 2024, though that drop depended in part on tariff revenues that are subject to refunds after the Supreme Court ruled them to be illegal.
Treasury Secretary Scott Bessent last week cited a report showing that there was as much as $500 billion annually in fraudulent government spending that could be eliminated, “so that would reduce the deficit substantially.”
Bessent appeared to draw that conclusion from a 2024 report by the Government Accountability Office that estimated there had been between $233 billion to $521 billion each year in fraudulent spending. But those numbers were drawn in part from the pandemic era when the government borrowed heavily to stabilize the economy.
The White House and Treasury did not respond to questions about the source of Bessent’s claims.
On deficits, Bessent told reporters at the White House that the administration was essentially dealt a bad hand from former President Joe Biden, a Democrat. “We inherited the worst budget deficit in history — in history — when we were not in a recession or not at war,” Bessent said.
Bessent had previously announced that the administration would aim to reduce the annual deficit to 3% of overall U.S. gross domestic product. It’s roughly double that percentage currently and Bessent did not directly answer a question about the timeline for hitting his target.
As of now, investors continue to buy shares in U.S. companies, causing the stock market to increase in value in a sign of confidence in America’s economic potential. But the increase in interest rates also suggests that investors view the national debt as a vulnerability for the U.S.
The financial markets might be able to inflict enough pain with higher rates in order to compel political leaders to address the systemic imbalances. Multiple economists said they expected that markets would force the deficit issue before voters would.
Hubbard emphasized that the whole bond market system rests on the trust that the debt will be repaid. He noted that the word “credit” is linked to a Latin term that is also the root of the word creed about a system of beliefs.
“That is what debt is about: I believe you will pay me back,” Hubbard said. “That works until it doesn’t.”
Treasury Secretary Scott Bessent listens to a reporter's question in the James Brady Press Briefing Room at the White House, Thursday, May 28, 2026, in Washington. (AP Photo/Mark Schiefelbein)
Treasury Secretary Scott Bessent calls on a reporter in the James Brady Press Briefing Room at the White House, Thursday, May 28, 2026, in Washington. (AP Photo/Jacquelyn Martin)
President Donald Trump speaks during a Cabinet meeting at the White House, Wednesday, May 27, 2026, in Washington, as Secretary of Defense Pete Hegseth, looks on. (AP Photo/Jacquelyn Martin)
