IBM Buys Real Estate And Facilities Management Software Company Tririga
IBM is making its first purchase of 2011 today with acquisition of real estate management software developer Tririga. Financial terms of the deal, which is expected to close in the second quarter of 2011, were not disclosed.
Tririga’s software helps clients make strategic planning decisions regarding space usage, evaluate alternative real estate initiatives, generate higher returns from capital projects, and assess environmental impact investments. IBM says that property and real estate typically represents the second-largest expense on a company’s income statement, after employee compensation. Tririga’s software helps companies streamlines and cut these expenses.
Tririga’s software is used by more than 200 clients, including over one-third of Fortune 100 corporations as well as seven of the 15 federal executive departments of the U.S. government.
Tririga will be integrated into IBM Tivoli Software and IBM Global Business Services.
In 2010, IBM spent roughly $6 billion to acquire 17 companies, so it should be interesting to see what acquisition’s are up Big Blue’s sleeve in 2011.
- IBM Buys Information Management Software Company PSS Systems
- Oracle Buys Web Content Management Company Fatwire Software
- Zillow Buys Real Estate Listings Creation And Distribution Tool Postlets
- Cisco Buys Cloud Automation And Management Software Company newScale
- HP Acquires Data Management And Real-Time Analytics Company Vertica