Las Vegas August 9, 2002 TRIRIGA Inc., a provider of Web-based technology to centrally manage and control capital assets, this week announced that its wholly-owned subsidiary has acquired the FacilityCenter product suite from Peregrine Systems Inc. The acquisition falls in line with the company's current development initiative to add facilities management capabilities to its existing Intelligent Business System (IBS) technology platform.
According to TRIRIGA, the original IBS platform gives organizations the ability to automate construction, development and capital improvement processes for all types of assets including hotels, office complexes, retail centers and franchise facilities. The company said the combination of TRIRIGA IBS with FacilityCenter enables it to deliver a component-based framework to capture critical design information for use in every stage of the asset lifecycle including operations and ongoing facilities management.
In addition to these capabilities, TRIRIGA IBS allows organizations to create a knowledge base of design data, including asset IDs, warranties, purchase prices, serial numbers, installation locations and supplier profiles. Corporate owners, design teams, suppliers and others can then access these details via the Internet. Used in conjunction with Peregrine FacilityCenter, TRIRIGA IBS extends this information to support ongoing operations, facilities management and capital improvement activities offering a single database that eliminates the need to manually hand off and convert data between multiple systems and phases.
The acquisition complements an ongoing development effort to add facilities management capabilities to the TRIRIGA technology platform. Anthony Marnell III, president and CEO of TRIRIGA Inc. said that although FacilityCenter has been the leading facility management solution for several years, it is only as good as the data it allows its users to leverage. "TRIRIGA IBS offers the perfect complement to the FacilityCenter product line because the IBS solution provides a powerful knowledge base to capture the intelligent design data that drives the entire asset creation process, including facilities management activities."
As a result of the acquisition, TRIRIGA will be serving Peregrine's FacilityCenter customers, which includes many Fortune 500 companies. "This is an exciting time for Peregrine customers to take advantage of the synergies between FacilityCenter and the TRIRIGA IBS," commented Roger Rittenhouse, general manager and vice president of TRIRIGA Real Estate & Facility Operations, the new facility management subsidiary of TRIRIGA Inc. He added that the capabilities of the FacilityCenter system will bolster the strength of TRIRIGA IBS, helping organizations achieve greater levels of efficiency at all stages.
As part of the acquisition, TRIRIGA has retained the core of the Peregrine team handling the FacilityCenter product line, including sales, marketing and research. TRIRIGA will continue to work with Peregrine's existing customers and said it is committed to delivering world-class technology solutions to support facilities management initiatives.