{"id":1004133064,"date":"2015-12-04T07:42:02","date_gmt":"2015-12-04T15:42:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004133064"},"modified":"2020-05-13T22:33:21","modified_gmt":"2020-05-14T06:33:21","slug":"jll-acquires-tech-firm","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jll-acquires-tech-firm\/","title":{"rendered":"JLL Acquires Tech Firm"},"content":{"rendered":"<p>By Keith Loria, Contributing Editor<\/p>\n<div id=\"attachment_1004133066\" style=\"width: 226px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Sharp-Doug_c.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004133066\" data-attachment-id=\"1004133066\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-tech-firm\/sharp-doug_c-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Sharp-Doug_c.jpg\" data-orig-size=\"216,248\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;9.5&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;FinePixS2Pro&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1142358246&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;59&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Sharp-Doug_c\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Sharp-Doug_c.jpg?w=216\" class=\"wp-image-1004133066 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/Sharp-Doug_c.jpg\" alt=\"Sharp-Doug_c\" width=\"216\" height=\"248\" \/><\/a><p id=\"caption-attachment-1004133066\" class=\"wp-caption-text\">Doug Sharp, JLL<\/p><\/div>\n<p><a href=\"https:\/\/www.us.jll.com\/\" rel=\"nofollow\" target=\"_blank\">JLL<\/a> has agreed to acquire <a href=\"https:\/\/www.corrigo.com\/\" rel=\"nofollow\" target=\"_blank\">Corrigo<\/a> Inc., a pioneer in cloud-based facilities management solutions.<\/p>\n<p>The price of the deal was not disclosed.<\/p>\n<p>\u201cWe have made a strong push into investing in technology, starting with our real state data and analytics platform, and that was a significant investment and game-changer in the industry, and we are continuing to look for other ways to augment that,\u201d Doug Sharp, JLL\u2019s president of corporate solutions, told <em>Commercial Property Executive<\/em>. \u201cWe saw Corrigo as a terrific way of focusing on increasing productivity for our people and our clients.\u201d<\/p>\n<p>Another key for JLL was the opportunity to strengthen its position in the facility management industry.<\/p>\n<p>Corrigo\u2019s well-regarded platform and Work Order Network enable facilities management and field service management organizations of all sizes to assume more control over maintenance and repair spend while gaining a better understanding of vendor and technician performance.<\/p>\n<p>The acquisition will enable JLL\u2019s clients to a transformational shift in the way companies use automation to streamline everything from initiating and tracking work orders, managing bids and monitoring completed work to paying invoices.<\/p>\n<p>\u201cThis acquisition really places our facility management team and capabilities at the forefront of our industry,\u201d Sharp said. \u201cIt\u2019s really taking Corrigo\u2019s great technology and automating a lot of what are currently manual activities and automating them to a point where we can be more accurate for our clients, offer better transparence for our clients, and lower cost for our clients.\u201d<\/p>\n<p>As a condition of the deal, Corrigo will become a wholly-owned subsidiary of JLL with standalone sales and operations of its existing products. Corrigo\u2019s most recent venture is the launch of GetCru<sup>TM<\/sup>, an online marketplace that connects vendors with individuals looking for services in the commercial market.<\/p>\n<div id=\"attachment_1004133071\" style=\"width: 160px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004133071\" data-attachment-id=\"1004133071\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/jll-acquires-tech-firm\/rm\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg\" data-orig-size=\"401,400\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"rm\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg?w=401\" class=\"wp-image-1004133071 size-thumbnail\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg\" alt=\"rm\" width=\"150\" height=\"150\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg 401w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/12\/rm.jpg?resize=300,300 300w\" sizes=\"auto, (max-width: 150px) 100vw, 150px\" \/><\/a><p id=\"caption-attachment-1004133071\" class=\"wp-caption-text\">Rick Michaux, Corrigo<\/p><\/div>\n<p>\u201cService delivery is about getting it right this time and doing it better the next, and our platform always makes sure service is done right,\u201d Rick Michaux, Corrigo\u2019s chairman and founder, said. \u201cCombining JLL\u2019s service line expertise and focus on big data with Corrigo\u2019s predictive analytical capabilities will create even more value for our collective clients. Together, we\u2019ll provide greater value by using technology to not only shine a spotlight on every opportunity to optimize operations but also recommend how to make the most of them.\u201d<\/p>\n<p>According to Sharp, the deal is a continuation of JLL\u2019s strategy to make investments in technology that focus on increasing productivity and transforming the marketplace with advancements that automate end-to-end processes across the industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JLL has entered into an agreement to acquire Corrigo, a pioneer in cloud-based facilities management solutions. <\/p>\n","protected":false},"author":451,"featured_media":1004133067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,23891,21742],"tags":[],"class_list":["post-1004133064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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