IBM is expanding its portfolio and breaking into the green building industry. The company announced that it is purchasing TRIRIGA, a software company that focuses on building energy efficiency and environmental monitoring.

"The combination of TRIRIGA and IBM smarter building solutions will deliver the industry's most comprehensive capabilities that span the needs of all industries for managing facilities and real estate portfolios," said Florence Hudson, energy and environment executive, IBM. "Having one view of building operations worldwide will be a powerful tool to help organizations control and optimize their second-largest corporate expense — property." Source: IBM

TRIRIGA’s software can help building owners lower operating and maintenance costs, reduce carbon emissions, increase transparency and save money on energy costs. The addition of TRIRIGA will add real estate portfolio management, capital project management and energy and environmental sustainability capabilities to IBM’s business solution lineup.

The software solution already has a strong following. More than one-third of Fortune 100 companies and seven federal executive departments, including the Department of Homeland Security, already use TRIRIGA. The software product will make the perfect addition to IBM’s Tivoli Software and Global Business Services divisions.