IBM closes on acquisition of Tririga, Inc.
15 Apr 2011
IBM has completed the acquisition of Tririga, Inc., a privately-held provider of facility and real estate management software for an undisclosed sum
On 22 March IBM had announced having entered into a definitive agreement to acquire the Las Vegas-based Tririga.
Many of the systems that constitute a building - heat, water, sewage, electricity and physical assets - are managed independently and often inefficiently. Collecting, managing and analysing data in buildings provides actionable insight to energy, space and facilities management.
"The acquisition of Tririga will help accelerate IBM's efforts to bring intelligence in the smarter buildings market," said David Bartlett, vice president, industry solutions, IBM. "Now, real estate and finance executives will have a comprehensive solution that can help reduce operations and energy expense by monitoring and managing their real-estate expenditures and resources."
As a leader in workplace management solutions, Tririga will strengthen IBM smarter buildings solutions by adding these key functions.
