NEW YORK, October 20, 2008 – TRIRIGA, a global leader in Integrated Workplace Management Systems (IWMS), today announced that it has formed a strategic alliance with Deloitte. The alliance agreement calls for the two organizations to work together to help global enterprises in their efforts to facilitate corporate growth, achieve strategic objectives and improve profitability and productivity through technology enabled capital, sustainability and real estate transformation.
The alliance will focus on delivering services to the financial services, life sciences, technology, media, telecommunications, consumer and industrial products, retail and energy industries – where both TRIRIGA and Deloitte are considered market leaders.
The Need for Real Estate and Facilities Solutions
TRIRIGA and Deloitte are formalizing the alliance relationship to better meet the growing demand for real estate and facilities solutions. Real estate and facilities assets rank as two of the four highest costs to business within most organizations. They are the greatest long-term liability and typically account for 35 percent of spends on most companies’ balance sheets. In addition, these same real estate assets can account for up to 48 percent of companies’ energy consumption and greenhouse gas emissions according to the U.S. Energy Administration. Due to the magnitude of the investments involved, even small variances in real estate costs can significantly impact an organization’s financial performance.
The challenge for many companies today is to gain a complete understanding of their capital investment in real estate along with their facility operations spend, and incorporate this information into business strategy and long-term planning. However, many organizations lack adequate organizational governance, standardized processes and the enterprise-wide technology required to collect the required information accurately. As a result, more than 90 percent of organizations today rely on disparate departmental or site-based databases and point solutions, an approach that lacks transactional transparency and the “single source of information” needed to drive financial, operational and environmental optimization and savings across business and geographical boundaries according to the Economist Intelligence Unit.
Deloitte Services Enhanced by TRIRIGA Technologies
“Deloitte’s alliance with TRIRIGA is a testament to the success of our ongoing relationship and the value we’ve delivered to our mutual clients, providing them with a full appreciation for the dramatic impact real estate holdings and facilities can have on expenses, investments, operating margins, productivity and go-forward strategies,” said George Bouri, a Deloitte Consulting LLP principal and national leader of its Capital & Real Estate Transformation service line.
“Deloitte currently has service offerings under our Technology Enabled Capital & Real Estate Transformation Services umbrella that are designed to help a company in its efforts to address all aspects of their physical infrastructure, including Real Estate, Facilities Operations, Workplace Strategy, Corporate Sustainability, and Capital Asset Strategy,” said Bouri. “By complementing our service mix with TRIRIGA’s integrated technology solution, we are now able to more effectively help our clients in their efforts to measure, manage and drive real savings into their portfolios.”
“Deloitte has a vast wealth of knowledge and qualifications in the capital and real estate space. Its approach to Corporate Real Estate Strategy, Organizational Design, Corporate Governance, Process Improvement, Program Management, and Technology Implementation is second to none. They are the perfect alliance to augment our platform and professional services,” said George Ahn, CEO of TRIRIGA. “Customers who leverage Deloitte’s services to help them deploy TRIRIGA’s market-leading technology will get the full benefit of our collective experience and capabilities in Technology Enabled Corporate Real Estate Transformation.”
For further information about the TRIRIGA and Deloitte alliance, please visit: http://www.deloitte.com/us/tririga.
Recognized by leading industry analysts as the best-in-class solution, TRIRIGA provides the industry’s most extensive functionality in a fully integrated IWMS solution including real estate management, project management, facility management, operations management, workplace performance management and environmental sustainability for real estate assets. TRIRIGA’s extensible technology provides customers with unmatched business agility to rapidly configure and reconfigure the application based on customers’ changing needs. TRIRIGA’s environmental sustainability offering, TREES, is the only solution available today to help companies measure, manage and reduce the carbon footprint of their buildings. With an outstanding network of consultants, partners, industry experts, and market-leading customers, TRIRIGA delivers exceptional service and proven best practices to over one-third of the Fortune 100 today.
For more information, contact TRIRIGA at +1 702 932 4444, or visit www.tririga.com.
TRIRIGA, WPM, TREES and TRIRIGA’s other marks and product names are trademarks or registered trademarks of TRIRIGA in the United States and other countries.
As used in this document, “Deloitte” means Deloitte Consulting LLP and Deloitte Services LP, separate subsidiaries of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.