CHICAGO, IL -- (Marketwired) -- 07/05/16 -- JLL (NYSE: JLL) completed another critical step in its aim to become a global leader in Corporate Real Estate (CRE) technology by finalizing its acquisition of BRG, a recognized expert in workplace technology consulting, technology implementation, and space and move management services. The transaction, which was initially announced last month, is consistent with the firm's disciplined approach to strategic acquisitions and investments in innovative technology solutions.
BRG's Traci Doane joins JLL as President of the newly formed Technology Solutions service line -- which is part of the firm's Americas' Corporate Solutions business. It will include technology consulting and Integrated Workplace Management Systems (IWMS) implementation services that will be both stand-alone offerings and integrated with JLL's other core services. BRG's space and occupancy planning, move and relocation management and project management services will become part of JLL's existing suite of corporate occupier services.
"Our clients and people have been very positive about BRG joining JLL because they recognize how our combined approach to technology, data and analytics will help them make critical business decisions that will drive their success," said Doane. "Bringing our talent together means our clients are surrounded by specialized services that deliver differentiated value and enable greater flexibility to address complex workplace challenges across the technology spectrum."
This is the latest in a series of acquisitions and innovations that strengthen JLL's technology expertise. Recently, the firm completed its acquisition of Corrigo, a pioneer in cloud-based facility management solutions that automate the entire maintenance management process. In 2015, JLL launched RED, the industry's first scalable data and insights platform that connects master data governance, knowledge management, business intelligence and advanced analytics. Combined with cutting-edge technologies and JLL's real estate and data and analytics expertise, it dramatically improves the quality and speed of real estate decision-making.
Adding BRG's technology consulting and implementation expertise rounds out JLL's offering and creates a new level of technological capability. The firm now has the expertise to easily implement a broad range of solutions from full-scale IWMS, specialty software or combinations of the two. Using RED to bring everything together creates added flexibility and choice for clients.
"Bringing our innovative and comprehensive technology platforms together as Technology Solutions, we are well-positioned to drive even better overall productivity outcomes for our clients while also giving them improved user experiences and greater flexibility and choice," said John Forrest, JLL Global & Americas CEO, Corporate Solutions.
About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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Contact:
Gayle Kantro
Phone: +1 312 228 2795
Email: Gayle.Kantro@am.jll.com
Kyle Bauer
Phone: +1 312 228 3950
Email: Kyle.Bauer@am.jll.com
