IBM Focuses on Smarter Buildings with TRIRIGA Acquisition
On April 14th, IBM (NYSE:IBM) completed the acquisition of TRIRIGA Inc., a leading provider of facility and real estate management software solutions. The move aims to accelerate IBM’s growth in the smarter buildings market by adding advanced intelligence that improves real estate performance, capital project management and the outcomes of sustainability initiatives. This effort is part of its larger Smarter Planet initiative, which we first wrote about in January in a note titled IBM’s Smarter Planet Initiatives Lay Groundwork for Growth.
According to the firm:
Many of the systems that constitute a building – heat, water, sewage, electricity and physical assets – are managed independently and often inefficiently. Collecting, managing and analyzing data in buildings provides actionable insight to energy, space and facilities management. [1]
IBM’s smarter building offerings, with the addition of TRIRIGA leading workplace management solutions, will provide a comprehensive solution that can help reduce operations and energy expense by monitoring and managing their real-estate expenditures and resources.
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We believe TRIRIGA, which will be integrated into IBM Software and IBM Global Business Services, will help boost IBM’s middleware software sales which usually is the core platform in all of IBM’s Smarter Planet offerings.
We currently have a $186 Trefis price estimate for IBM’s stock with middleware software contributing 45% of the value.
See our complete analysis of IBM.
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