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

Modern Moms Shaping Influence

By: Maurice Nagle    7/19/2018

Everyone knows Mom knows best. The internet is enabling a new era in sharing, and sparking a more enlightened, communal shopping experience. Mommy blo…

Read More

Why People Don't Update Their Computers

By: Special Guest    7/13/2018

When the WannaCry ransomware attacked companies all over the world in 2017, experts soon realized it was meant to be stopped by regular updating. Even…

Read More

More Intelligence About The New Intelligence

By: Rich Tehrani    7/9/2018

TMC recently announced the launch of three new artificial intelligence events under the banner of The New Intelligence. I recently spoke with TMC's Ex…

Read More

Technology, Innovation, and Compliance: How Businesses Approach the Digital Age

By: Special Guest    6/29/2018

Organizations must align internally to achieve effective innovation. Companies should consider creating cross-functional teams or, at a minimum, incre…

Read More

Contribute Your Brain Power to The New Intelligence

By: Paula Bernier    6/28/2018

The three events that are part of The New Intelligence are all about how businesses and service providers, and their customers, can benefit from artif…

Read More