IBM Acquires Real Estate Software Developer

Published by: Kelly Curtis on 22nd Mar 2011 | View all blogs by Kelly Curtis

IBM Acquires Real Estate Software Developer

IBM announced on Tuesday it is acquiring real estate software developer Tririga in a deal that is expected to close sometime in 2011's second quarter. Terms of the deal were not disclosed. Tririga develops software designed to help clients make critical decisions concerning space usage, the impact of alternative real estate initiatives, returns from capital projects, and environmental impact investments.

IBM says that next to employee compensation, property and real estate generally represents the biggest expense to companies. Tririga's software assists companies in streamlining and reducing these vital expenses.

There are currently more than 200 companies using Tririga's applications, including about 35 percent of Fortune 100 corporations and 7 of the 15 departments of the executive branch of the US government. IBM will integrate Tririga software into its Trivoli Software and will be bundled together with the rest of IBM's Global Business Services.

IBM spent a total of about $6 billion to acquire 17 companies in 2010, and the Tririga move is just the first by the company in 2011.

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