IBM has completed the acquisition of privately-held TRIRIGA, Inc., a Las Vegas, Nevada-based software company to expand IBM's smarter buildings offerings with advanced intelligence on facilities and real-estate performance.
The acquisition of TRIRIGA will help accelerate IBM's growth in the smarter buildings market, a key initiative in IBM's Smarter Planet initiatives, says the company. At IBM's recent financial analyst meeting, IBM said Smarter Planet projects are estimated to drive $10 billion in revenue for IBM by 2015. The worldwide market for smart buildings is expected to grow 25 percent annually from $3.9 billion in 2011, according to IDC.
IBM expects that combining TRIRIGA’s software with its own smart buildings solution will provide "the industry's most comprehensive offerings to give organizations a single ‘command center’ for buildings’ operations worldwide – from managing real estate portfolios, energy usage and equipment efficiency in a range of buildings -- office buildings, warehouses, campuses, resorts and cities."
Tririga is already used by more than one-third of Fortune 100 corporations across every major industry and public sector, including, Nokia, GE, Canadian Tire, US Department of Homeland Security and Gap.
IBM acquires Tririga
April 14, 2011
No Comments