COHESION Intelligent Building Platform Launches at 155 N. Wacker
With the launch, COHESION is now live in a total of 2.1 million square feet across two Chicago Premier Class A properties: 151 North Franklin and 155 North Wacker, developed and managed by The John Buck Co.
CHICACO—COHESION, an intelligent building software company spun off last August from Chicago-based global engineering design firm ESD, launched operations on Friday in The John Buck Co.’s 155 North Wacker office high-rise in Downtown Chicago.
With the launch, COHESION is now live in a total of 2.1 million square feet across two Chicago Premier Class A properties: 151 North Franklin and 155 North Wacker, developed and managed by The John Buck Co. Nick Covello, chief information officer at The John Buck Co. says, “We partnered with COHESION with the goal of making our buildings the smartest and most connected properties in the world. Their technology is truly transforming our building and portfolio intelligence.”
COHESION’s comprehensive, IoT-enabled platform unites building workflows to enhance tenant experiences, while generating actionable insights for owners and operators to increase building value, company officials state.
“We are excited about the launch of COHESION. We have been talking with real estate owners and operators for years about how their portfolios require more sophisticated technology to maximize asset value. We believe COHESION’s technology is capable of addressing these demands today and in the future.” says Raj Gupta, executive chairman of ESD.
The John Buck Co. collaborated with COHESION from product ideation through commercial launch. COHESION’s end-to-end solution leverages products by ioTium, the first commercially deployed software-defined converged infrastructure company for the industrial Internet of Things, resulting in a true secure building intelligence platform, COHESION states.
As a newly formed company, COHESION is currently fundraising and pursuing strategic partners. Michael Sacks, chairman and CEO of GCM Grosvenor, and Steve Koch, former global chairman of mergers and acquisitions for Credit Suisse, are advisors.
COHESION CEO Thru Shivakumar, a former SVP at GCM Grosvenor, says, “The real estate industry is experiencing significant technological disruption, and our solution benefits all stakeholders across the operational lifecycle—from owners to tenants. By connecting all the systems and human interactions in a building, we can provide the most powerful insights to deliver efficient and sustainable building operations.”
COHESION operates with a 24-person team at its Chicago headquarters and in Bangalore, India. The company plans to hire an additional 35 people in Chicago over the next year.