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IBM Delves Deeper Into Smart Buildings, Acquires Tririga
Explore UK Business News, UK Financial News Financials , Real Estate , Competitors , Green
IBM is moving deeper into its smarter buildings initiative with the acquisition of sofware developer Tririga. "Smarter Planet" projects are a key strategic growth area for IBM, estimated to drive $10 billion in revenue by 2015. Tririga's software helps companies optimize building use and make long-term real estate planning decisions. It can analyze building conditions, help prioritize investments in upgrades, as well as monitor a facility's environmental impact to pinpoint systems that need improvement. The acquisition will accelerate IBM's smarter buildings initiatives by adding advanced intelligence that improves real estate performance, capital project management and the outcomes of sustainability initiatives. Property and real estate typically represents the second-largest expense on a company's income statement, after employee compensation. Facilities investments and operating costs can exceed 30% of corporate spending each year. (Read Full Article)
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