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IBM is making its first purchase of 2011 today with acquisition of actual estate administration software developer Tririga. fiscal phrases of the deal, which is anticipated to near within the 2nd quarter of 2011, had been now not disclosed.
Tririga’s utility helps clients configuration strategic planning choices regarding house utilization, evaluate choice actual property initiatives, generate larger returns from capital tasks, and examine environmental fill an sequel on investments. IBM says that property and heartfelt estate usually represents the 2d-greatest expense on a company’s earnings statement, after worker compensation. Tririga’s software helps groups streamlines and reduce these fees.
Tririga’s application is used via greater than 200 consumers, including over one-third of Fortune one hundred establishments as well as seven of the 15 federal government departments of the U.S. government.Tririga may be integrated into IBM Tivoli software and IBM world enterprise capabilities.
In 2010, IBM spent roughly $6 billion to purchase 17 groups, so it should be wonderful to notice what acquisition’s are up spacious Blue’s sleeve in 2011.
IBM (NYSE: IBM) lately announced a definitive shrink to acquire Tririga, a Las Vegas, Nevada-based issuer of facility and actual property administration application solutions. The circulation goals to hurry up IBM’s smarter buildings initiatives, which can be estimated to power $10 billion in salary for IBM by 2015. fiscal phrases fill been no longer disclosed.
“The aggregate of Tririga and IBM smarter pile options will convey the business’s most comprehensive capabilities that span the needs of outright industries for managing amenities and precise property portfolios,” remarked Florence Hudson, power and environment govt, IBM.
Tririga can be integrated into IBM Tivoli utility and IBM world industry features. The transaction is expected to shut in the 2d quarter of 2011, discipline to regulatory approval and the pride of common closing conditions. Tririga employs approximately 200 americans worldwide.
“with the aid of combining their intellectual capital with the global attain of IBM, they will assist consumers dramatically multiply their constructions’ operations to develop into more sustainable and value productive,” commented George Ahn, president and CEO, Tririga.
As advised, Tririga software helps shoppers configuration strategic decisions related to house utilization, account choice actual property initiatives, generate larger returns from capital tasks, and investigate environmental impact investments. The industry will give IBM smarter structures options with benefits comparable to precise property portfolio administration, including strategic portfolio planning and lease administration; capital assignment management, such as condition assessment, budgeting, pile estimating and assignment management; and power and environmental sustainability, similar to monitoring utility expenses and consumption, analyzing environmental investments and surroundings carbon management recommendations.
In a movement it says will enhance its plans to extend into what it calls the “smarter buildings” market, IBM today said it will acquire Tririga, a Las Vegas-based mostly enterprise that makes precise property management application. economic phrases don't seem to be being disclosed.
bear in intelligence how IBM lately said at its analyst assembly that projects concerning its Smarter Planet initiative will pressure $10 billion in profits by 2015? It also promised to disburse $20 billion on utility acquisitions over the subsequent five years. here is one of the most deals that massive Blue says will aid net it there. IDC has pegged the international market for sane constructions at $three.9 billion this yr.
Tririga makes a speciality of utility that helps its consumers net probably the most out of their precise property portfolio, shun capital initiatives efficaciously and control power utilization internal structures. Its customers consist of Nokia, regular electric, NASA and The U.S. fork of protection.
for those who trust that, for big companies, actual estate and facilities prices are usually the 2d-optimum line item after salaries and benefits and may account for 30 p.c of annual charges, it makes feel to net into a company that goals to support them maintain those charges beneath manage. IBM shares rose 22 cents to 157.ninety on the information.
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No result found, try unique keyword!Commercial actual estate services firm Jones Lang Lasalle (JLL) has announced an agreement to acquire ValuD Consulting for an undisclosed amount. ValuD has developed a technology consulting industry foc...
Delivers on JLL's mission to lead the industry through technology-based innovation
CHICAGO, Oct. 3, 2018 /PRNewswire/ -- JLL (JLL) today announced an agreement to acquire ValuD Consulting, a leading provider of IBM software integration and consulting services in the United States and India. The transaction significantly enhances JLL's aptitude to bring the next generation of technology to its clients through future-focused innovation and deepened expertise in IBM's TRIRIGA*, Maximo** and Watson Internet of Things (IoT) services.***
The acquisition supports JLL's commitment to lead the industry and its clients through digital transformation. It will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized Technology Solutions team around the world. This enhanced expertise will provide clients with market-leading technology systems that enable faster, more informed actual estate decisions and improved industry performance.
"Adding this depth of specialist talent will give their clients access to the best technology expertise and products," said Traci Doane, President, JLL Technology Solutions. "Joining forces with ValuD gives us the exciting occasion to expand their expertise in IBM digital solutions and more fully explore emerging technologies that comprehend simulated intelligence, cognitive buildings and predictive analytics."
ValuD is a prestigious Gold Accredited IBM industry partner for the TRIRIGA solution. It was founded in 2009 by Gopi Latpate, who has been involved in the IBM TRIRIGA platform and application since its inception. The company, which has been recognized on the Inc. 5000 list of the fastest growing privately held companies in the United States for the final four years, is owned by Latpate, who is Chief Executive and Technology Officer, and Scott Williamson, Chief Commercial Officer. Both Latpate and Williamson will assume leadership roles in the IBM exercise of JLL's Technology Solutions business.
"By joining JLL, we're bringing together two growth companies with a common culture," Latpate said. "We wanted to find the birthright partner who has the very drive and is serving the very client base—JLL was a consummate match. Combining their talent, tools and knowledge will drive value for their clients."
The ValuD acquisition, which is expected to near in November theme to customary closing conditions, is another step forward in JLL's ongoing digital transformation. In July, it announced the appointment of former Google executive Vinay Goel who joined as global Chief Digital Product Officer. Previously, JLL launched JLL Spark, a global division dedicated to identifying and delivering unique technology-driven actual estate service offerings. Recently, JLL Spark announced the creation of its $100 million Global Venture Fund for investment in companies innovating in proptech.
JLL's Technology Solutions offers clients end-to-end technology solutions to cheer drive better industry results from their actual estate. It provides advisory, implementation and support around corporate actual estate applications, integrated workplace management system (IWMS), industry intelligence & analytics and IoT.
* IBM TRIRIGA is an IWMS that manages the lifecycle of a facility.** IBM Maximo is an Enterprise Asset Management (EAM) instrument used for managing pile operations and processes.*** Watson IoT is a fully managed, cloud-hosted service designed to simplify Internet of Things development.
About JLLJLL (JLL) is a leading professional services firm that specializes in actual estate and investment management. Their vision is to reimagine the world of actual estate, creating rewarding opportunities and fabulous spaces where people can achieve their ambitions. In doing so, they will build a better tomorrow for their clients, their people and their communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Connect with us https://www.linkedin.com/company/jll https://www.facebook.com/jll https://twitter.com/jll https://plus.google.com/+joneslanglasalle
New industry Line Will Seamlessly Deliver Comprehensive Suite of Technology Solutions
CHICAGO, IL--(Marketwired - Jun 7, 2016) - Consistent with its focus on becoming a global leader in Corporate actual Estate (CRE) technology, JLL (NYSE: JLL) has entered into an agreement to acquire BRG, a recognized expert in workplace technology consulting, technology implementation, and space and drag management services. The transaction is expected to near next month, theme to customary closing conditions.
JLL is changing the passage that CRE technology will be delivered. By providing holistic, end-to-end technology and consulting solutions that support specialist software applications as well as broad Integrated Workplace Management Systems (IWMS), JLL will tender clients greater flexibility and choice, accelerated productivity and improved user experiences. This expanded technology offering, integrated with the industry's best talent and global best exercise processes, creates a unique plane of capability not previously available.
"Solutions to the productivity demands placed on CRE leaders fill become increasingly harder to deliver," said Greg O'Brien, JLL CEO, Americas. "Our goal is to arm their clients with better data and unique insights to cheer them configuration informed, strategic industry decisions. Acquiring BRG helps net us there, faster, with experts who fill more than 20 years of relish working with Fortune 500 clients."
BRG has built a reputation for helping companies successfully implement unique technology systems, optimize underperforming existing technology platforms and understand how to better integrate tools to deliver workplace strategies. BRG:
Helps organizations optimize and align their actual estate technology, processes, data governance and performance management methods with their organizational missions.
Implements and integrates off-the-shelf IWMS technologies with an emphasis on functional alignment, user adoption and rapid time-to-value. It is one of the most successful IWMS integrators and has dedicated practices and expert certification in ARCHIBUS, Manhattan, CenterStone, IBM TRIRIGA and iOffice software.
Provides program management solutions to execute workplace, space, occupancy, and move, add and change (MAC) projects, as well as asset management functions.
"JLL has always been a leader in using CRE technology to deliver actual estate solutions to clients. They are taking that to a whole unique level," said John Forrest, JLL Global & Americas CEO, Corporate Solutions. "The BRG and JLL combination allows us to architect and implement the broad compass of solutions spanning full-scale IWMS, specialist software applications enjoy Corrigo or combinations of both. Bringing outright of that together through RED, their state-of-the-art data and analytics platform, they will tender clients flexibility and choice for wherever they are on their technology journeys."
As a result of the acquisition, JLL will configuration a unique Technology Solutions team that will be led by Traci Doane, currently President and CEO of BRG. This team will tender both stand-alone and integrated solutions with JLL's other core service areas including integrated facility management, project management and capital works, integrated portfolio management and brokerage services. The goal is to drive even better overall productivity outcomes, and employee and customer experience, from clients' corporate actual estate portfolios.
"Ultimately, their mutual respect, collaborative cultures and shared, uncompromising focus on making their clients more productive and successful sealed the deal," said Doane. "We believe unique and better expend of CRE technology is critical to unlocking higher levels of corporate actual estate performance. By working together with JLL's global actual estate services platform, they can cheer their clients achieve tomorrow's results... today."
The acquisition of BRG is the latest illustration of JLL's disciplined acquisition strategy which, since the start of 2015, has seen the company broadcast or near 39 margin-accretive transactions with a combined value of more than $1.2 billion.
About JLL JLL (NYSE: JLL) is a professional services and investment management firm offering specialized actual estate services to clients seeking increased value by owning, occupying and investing in actual estate. A Fortune 500 company with annual fee revenue of $5.2 billion and flagrant revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and actual estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of actual estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
About BRG BRG helps clients by designing and implementing integrated solutions to address tangled workplace challenges. They specialize in advisory services, technology deployment, and program and project management in support of Facilities Management and Corporate actual Estate organizations. They are leaders in training actual estate professionals about technology, including speaking at industry conferences and at CoreNet education programs. BRG is a global company with nearly 500 employees in more than 35 cities and on four continents. For more information, you can visit www.brg.com.
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