IBM Acquires TRIRIGA To Boost Smarter Buildings Initiative

EXECUTIVE SUMMARY

On March 22, 2011, IBM announced the acquisition of TRIRIGA, a US-based software supplier of Integrated Workplace Management Systems (IWMS). The acquisition forms part of IBM’s ‘Smarter Buildings’ initiative, which aims to improve operations, reduce operating costs, lower energy consumption, and enhance occupant satisfaction for its clients. TRIRIGA’s IWMS will be integrated with IBM’s existing Maximo Enterprise Asset Management (EAM) solution to provide a single property and facilities management solution. Verdantix believes the acquisition is well timed given that sustainable real estate is a fast growing market, one driven by legislative changes, changes in investor and owner attitude, and growing green building initiatives and coalitions. The acquisition of a leading energy and carbon management software supplier will also put pressure on other large technology or software firms considering making similar acquisitions.

TABLE OF CONTENTS

IBM ACQUIRES TRIRIGA TO BOOST SMARTER BUILDINGS INITIATIVE
TRIRIGA Acquisition Is Well Timed For IBM To Exploit A Fast-Moving Market

ORGANIZATIONS MENTIONED

Better Buildings Initiative, City of New York, Deutsche Bank, European Union, Green Building Council, Green Buildings Alive, Green Rating Alliance, Green Sigma Coalition, Greenprint Foundation, IBM, IHS, Ndevr, Oracle, SAP, Tesco, Tivoli, TRIRIGA, Wyndham International