JLL acquires software firm ValuD
JLL is to acquire ValuD Consulting, the provider behind IBM software such as IBM’s Tririga sustainability software, asset management platform Maximo, and Watson IoT services.
The acquisition will add 300 technology experts to JLL’s Technology Solutions team. This division offers JLL clients end-to-end technology solutions to help drive better business results from their real estate. It provides advisory, implementation and support around corporate real estate applications, integrated workplace management system business intelligence and Internet of Things.
ValuD is an IBM Business Partner for the Tririga solution. The consulting company was founded in 2009 by Gopi Latpate, who has been involved in the IBM Tririga platform and application since its inception. The firm is owned by Gopi, who is chief executive and technology officer, and Scott Williamson, chief commercial officer. Both Latpate and Williamson will assume leadership roles in the IBM practice of JLL’s Technology Solutions business.
Traci Doane, president of JLL Technology Solutions, said: “Adding this depth of specialist talent will give our clients access to the best technology expertise and products. Joining forces with ValuD gives us the exciting opportunity to expand our expertise in IBM digital solutions and more fully explore emerging technologies that include artificial intelligence, cognitive buildings and predictive analytics.”
Gopi Latpate said: “By joining JLL, we’re bringing together 2 growth companies with a common culture. We wanted to find the right partner who has the same drive and is serving the same client base – JLL was a perfect match. Combining our talent, tools and knowledge will drive value for our clients.”
The ValuD acquisition, which is expected to close in November subject to customary closing conditions, is another step forward in JLL’s ongoing digital transformation. In July, it announced the appointment of former Google executive Vinay Goel who joined as global chief digital product officer. Last year, JLL launched JLL Spark, a global division dedicated to identifying and delivering new technology-driven real estate service offerings through its $100m Global Venture Fund.
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