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ARMONK, N.Y., - 14 Apr 2011: IBM (NYSE: IBM) today announced that it has completed the acquisition of TRIRIGA, Inc., a privately-held company based in Las Vegas, Nevada. Financial terms were not disclosed.
On March 22, IBM announced that it had entered into a definitive agreement to acquire TRIRIGA, a leading provider of facility and real estate management software solutions.
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.
"The acquisition of TRIRIGA will help accelerate IBM's efforts to bring intelligence in the smarter buildings market," said David Bartlett, vice president, industry solutions, IBM. "Now, real estate and finance executives will have a comprehensive solution that can help reduce operations and energy expense by monitoring and managing their real-estate expenditures and resources."
As a leader in workplace management solutions, TRIRIGA will strengthen IBM smarter buildings solutions by adding these key functions:
TRIRIGA will be integrated into IBM Software and IBM Global Business Services.
For more information, please visit http://www.ibm.com/software/tivoli/welcome/tririga
About IBM Smarter Buildings
Since launching its smarter buildings initiative in February 2010, IBM has created a portfolio of smarter buildings solutions that integrate with building automation software from across the industry. For more information, visit: http://www.ibm.com/smarterplanet/us/en/green_buildings/overview/index.html?re=spf
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