JLL Acquires Tech Consulting Firm
The acquisition will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD's unique university partnerships—to JLL's specialized technology solutions team around the world.
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CHICAGO—JLL reports it has acquired ValuD Consulting, an Addison, TX-based IBM software integration and consulting services firm, in a deal geared to enhancing the commercial real estate services firm’s technology offerings.
The acquisition will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD’s unique university partnerships—to JLL’s specialized technology solutions team around the world. The enhanced expertise, JLL states, will provide its clients with market-leading technology systems that will enable faster, more informed real estate decisions and improved business performance.
The ValuD acquisition is expected to close in November. No financial terms of the transaction were disclosed.
“Adding this depth of specialist talent will give our clients access to the best technology expertise and products,” says Traci Doane, president, JLL technology solutions. “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.”
Founded in 2009 by Gopi Latpate, ValuD is a Gold Accredited IBM Business Partner for the TRIRIGA solution. The company is owned by Latpate, 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.
ValuD has an office in India and operates regional offices in Atlanta; Greenville, SC; Las Vegas; Phoenix; Philadelphia; Los Angeles; Houston and Dallas.
“By joining JLL, we’re bringing together two growth companies with a common culture,” Latpate said. “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.”
In July, JLL announced the appointment of former Google executive Vinay Goel who joined as global chief digital product pfficer. Previously, JLL launched JLL Spark, a global division dedicated to identifying and delivering new technology-driven real estate service offerings. Recently, JLL Spark announced the creation of its $100-million global venture fund for investment in companies innovating in “proptech.”
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