IBM to Acquire TRIRIGA

By Cindy Waxer March 24, 2011

These days, more and more companies are looking to create greater efficiencies around their real estate investments. But initiatives that improve performance and enhance sustainability call for the right technical solutions.

IBM is dedicating itself to these tools with the recent acquisition of TRIRIGA, a Nevada-based privately held facility and real estate management software solutions provider. Financial terms of the acquisition were not disclosed. The transaction will be completed in the second quarter of 2011, subject to regulatory approvals and customary closing conditions.

TRIRIGA will become a part of IBM Trivoli software and IBM Global Services. TRIRIGA’s software helps facility managers make the most of its real estate investment by enabling decisions around space usage, higher returns from capital projects, and environmental impact investments.

That’s good news given that property and real estate typically represents the second-largest expense on a company's income statement, after employee compensation, according to an IBM press release.  

In fact, facilities investments and operating costs can be more than 30 percent of corporate annual spending.  Fifty percent of the lifetime ownership costs of a facility can be driven from its ongoing operation, added the release.

"The combination of TRIRIGA and IBM smarter building solutions will deliver the industry's most comprehensive capabilities that span the needs of all industries for managing facilities and real estate portfolios," said Florence Hudson, energy and environment executive, IBM, in a statement.  "Having one view of building operations worldwide will be a powerful tool to help organizations control and optimize their second-largest corporate expense – property."

Edited by Janice McDuffee

TechZone360 Contributing Editor

Related Articles

Why Blockchain Could Be a Gamechanger

By: Paula Bernier    1/22/2018

Blockchain has become closely associated with the controversial topic of cryptocurrency. And that's fine because blockchain is an enabling technology …

Read More

Consumer Privacy in the Digital Era: Three Trends to Watch

By: Special Guest    1/18/2018

Digital advertising has exploded in recent years, with the latest eMarketer data forecasting $83 billion in revenue this year and continued growth on …

Read More

CES 2018: Terabit Fiber - Closer Than We Think

By: Doug Mohney    1/17/2018

One of the biggest challenges for 5G and last mile 10 Gig deployments is not raw data speeds, but middle mile and core networks. The wireless industry…

Read More

10 Benefits of Drone-Based Asset Inspections

By: Frank Segarra    1/15/2018

Although a new and emerging technology, (which is still evolving), in early 2018, most companies are not aware of the possible benefits they can achie…

Read More

VR Could Change Entertainment Forever

By: Special Guest    1/11/2018

VR could change everything from how we play video games to how we interact with our friends and family. VR has the power to change how we consume all …

Read More