Menu
IBM to acquire facilities management software company

IBM to acquire facilities management software company

IBM has made an offer to buy Tririga to round out its Smarter Buildings portfolio

Filling out its portfolio of Smarter Buildings offerings, IBM is acquiring Tririga, a provider of facility and real estate management software, IBM announced Tuesday. Terms of the deal were not disclosed.

IBM estimates that organizations spend about 30 percent of their annual budgets on facilities. It is the second largest expense for organizations, after personnel. IBM feels that it can help organizations reduce the cost of ownership and maintenance of their facilities, by analyzing energy usage and equipment efficiency. IBM expects to reap US$10 billion in annual revenue in this field by 2015.

The Tririga software will be included into IBM's Smarter Buildings-branded software, which includes such products as IBM Maximo Asset Management. The company hopes that integration across its facilities management products will offer customers greater insights into their facilities.

"Having one view of building operations worldwide will be a powerful tool to help organizations control and optimize" their facilities, said Florence Hudson, an IBM energy and environment executive, in a statement.

Based in Las Vegas, the privately held Tririga has more than 200 enterprise customers, including a third of the Fortune 100 corporations and seven U.S. government agencies, IBM said.

Tririga has a number of different software programs to manage facilities. Real Estate Portfolio Management keeps track of current building use and can be used to make projections about future requirements. Capital Project Management logs the conditions of current buildings and offers a way to estimate future repair work. The company also offers tools for monitoring utility costs and consumption.

Tririga, which employs about 200 people, will be folded into IBM Tivoli Software and IBM Global Business Services. IBM hopes to complete the transaction by the middle of 2011, pending the completion of the usual closing conditions.

Joab Jackson covers enterprise software and general technology breaking news for The IDG News Service. Follow Joab on Twitter at @Joab_Jackson. Joab's e-mail address is Joab_Jackson@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuesIBMMergers / acquisitions

Featured

Slideshows

Meet the leading female front runners of the Kiwi channel

Meet the leading female front runners of the Kiwi channel

Reseller News honoured the leading female front runners of the New Zealand channel at the 2018 Women in ICT Awards (WIICTA) in Auckland. The awards honoured standout individuals across seven categories, spanning Entrepreneur; Innovation; Rising Star; Shining Star; Community; Technical and Achievement.

Meet the leading female front runners of the Kiwi channel
Meet the top performing customer-centric Microsoft channel partners

Meet the top performing customer-centric Microsoft channel partners

Microsoft honoured leading partners across the channel following a year of customer innovation and market growth in New Zealand. The 2018 Microsoft Partner Awards recognised excellence within the context of the end-user, spanning a host of emerging and established providers.

Meet the top performing customer-centric Microsoft channel partners
Reseller News launches new-look Awards at 2018 Judges’ Lunch

Reseller News launches new-look Awards at 2018 Judges’ Lunch

Introducing the Reseller News Innovation Awards, launched to the channel at the 2018 Judges’ Lunch in Auckland. With more than 70 judges now part of the voting panel, the new-look awards will reflect the changing dynamics of the channel, recognising excellence across customer value and innovation - spanning start-ups, partners, distributors and vendors.

Reseller News launches new-look Awards at 2018 Judges’ Lunch
Show Comments