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IBM to buy building software maker Tririga

IBM will acquire Tririga, a company that focuses on real estate and facility management software, for an undisclosed amount

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

IBM Tririga real estate

IBM will buy Tririga, a company that specialises in real estate and facility management software. Credit: Tririga

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 is 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 US government as customers. Operating costs for facilities eats up about 30 percent of annual spending and is the second largest costs after employee compensation.

For more on this ZDNet UK-selected story, see IBM acquires Tririga, eyes real estate, facilities software on ZDNet.com.


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