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IBM buys Tririga, targets building management software

For IBM, the addition of Tririga allows it to move more into so-called smart buildings. Buildings will increasingly be wired with sensors to track energy usage and improve efficiency.

IBM on Tuesday said it will acquire Tririga, a company that specializes in real estate and facility management software.

For IBM, the addition of Tririga allows it to move more into so-called smart buildings. Buildings will increasingly be wired with sensors to track energy usage and improve efficiency.

Terms of the deal weren’t disclosed. Tririga, a privately held company based in Las Vegas, has software that’s used to generate better returns from real estate projects. Tririga counts more than a third of the Fortune 100 companies and seven executive departments in the U.S. government as customers. Operating costs for facilities eats up about 30 percent of annual spending and is the second largest costs after employee compensation.

According to IBM, the plan is to integrate Tririga’s software, which focuses on real estate portfolio management, capital project management and sustainability monitoring tools with its analytics portfolio. Tririga will be integrated into IBM’s Tivoli Software and Global Business Services units.

This post was originally published on Smartplanet.com