Commercial real estate powerhouse JLL is buying cloud-based facility management platform Corrigo Incorporated. Corrigo’s online tools help building owners and managers track work orders, manage bids, monitor completed work and pay invoices. Approximately 1 million people use the 16-year-old company’s platform to manage 10 million work orders every year across 180,000 sites.
Founded in 1999 by Rick Michaux, Corrigo has always focused on delivering software as a service (SaaS) solutions with emerging technologies, notably wireless. They were the first company to introduce a web-based field service management application enabling two-way mobile communication using mobile phones and RIM pagers. Corrigo extended its solution to tie together all the key actors in the “building ecosystem”—building owners, property managers, builders, and the service community that supported them.
“Corrigo has a history of making ground-breaking changes in the industry,” said Greg O’Brien, JLL CEO, Americas. “Their exceptional expertise and remarkable entrepreneurial mindset have led to best-in-class technology that automates much of the building maintenance and management process. With that kind of innovation integrated into our core facility management offerings, we can give our clients access to a new level of service.”
Corrigo’s well-regarded platform and Work Order Network enables facilities management and field service management organizations of all sizes to assume more control over maintenance and repair spend while gaining a better understanding of vendor and technician performance.
From a start up in Silicon Valley in the late 1990s, Corrigo has grown into a cutting-edge company that is highly regarded in the facility management field. What was once seven people in a garage is now a company with a platform used by 1 million people to manage 10 million work orders each year across more than 180,000 sites. Now basedin Oregon, the firm’s most recent venture is the launch of GetCru, an online marketplace that connects vendors with individuals looking for services in the commercial market.
Michaux, who currently serves as Corrigo’s chairman, said: “Combining JLL’s service line expertise and focus on big data with Corrigo’s predictive analytical capabilities will create even more value for our collective clients. Together, we’ll provide greater value by using technology to not only shine a spotlight on every opportunity to optimize operations but also recommend how to make the most of them.”
This acquisition is expected to close later this month. Under terms of the deal, Corrigo will become a wholly-owned subsidiary of JLL with standalone sales and operations of its existing products.