Global real estate services firm, JLL, has entered into an agreement to acquire cutting-edge cloud-based facility management solutions business, Corrigo Inc., which has a platform used by one million people to manage 10 million work orders each year across more than 180,000 sites worldwide.
The acquisition will open the door for JLL’s 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.
Corrigo’s platform and Work Order Network enables facilities management and field service management organisations of all sizes to assume more control over maintenance and repair spend while gaining a better understanding of vendor and technician performance.
Greg O’Brien, JLL CEO, Americas, commented:
“Corrigo has a history of making ground-breaking changes in the industry. Their exceptional expertise and remarkable entrepreneurial mindset have led to best-in-class technology that automates much of the building maintenance and management process. With that kind of innovation integrated into our core facility management offerings, we can give our clients access to a new level of service.”
Rick Michaux, Corrigo chairman and founder added:
“Service delivery is about getting it right this time and doing it better the next, and our platform always makes sure service is done right. Combining JLL’s service line expertise and focus on big data with Corrigo’s predictive analytical capabilities will create even more value for our collective clients. Together, we’ll provide greater value by using technology to not only shine a spotlight on every opportunity to optimise operations but also recommend how to make the most of them.”
Under terms of the deal, Corrigo will become a wholly-owned subsidiary of JLL with standalone sales and operations of its existing products.
The transaction which is expected to close later this month, is a continuation of JLL’s 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.