Combined Firms to Deliver the Next Evolution of Property and Portfolio Operations Software to Commercial Real Estate Owners and Managers

BOSTON - May 23 2018 - Building Engines, the Commercial Real Estate industry's innovation leader for property management solutions, today announced the completion of its acquisition of AwareManager, a software provider for many of the world’s most recognized commercial facilities and organizations including the iconic World Trade Center complex and 55 Water Street, Manhattan’s largest office building. The acquisition accelerates future innovation from both firms to create the industry’s most comprehensive entity for solving CRE’s operational challenges today and into the future.

Large, major-metro, “trophy” commercial assets often struggle to effectively automate complex property operations workflows, achieve visibility into daily activities, and are often burdened by legacy processes that fail to deliver a positive tenant experience. This partnership combines AwareManager’s expertise in delivering tightly-tailored solutions for complex facilities with Building Engines’ multifaceted, tenant service-focused platform to solve those problems. All commercial organizations will benefit from the combined, broad set of capabilities spanning nearly every aspect of building operations, and the deep expertise in the specific challenges facing the largest, and most complex properties and portfolios.

AwareManager’s property and facility management capabilities span both mobile and web technology and are bolstered by a seasoned implementation team. They are a top choice for high-end, complex CRE assets that seek tailored property management solutions. The company’s deep operational workflow expertise and services will complement Building Engine’s broad service delivery, communications and operational risk management platform.  

Together, the two firms form an industry powerhouse whose capabilities span the breadth of CRE property types and operating structures. With the addition of AwareManager’s customer base of urban trophy assets, over 2 billion square feet of commercial property will be managed by the combined entity. Together, the two companies bring together deep operational expertise and an unmatched level of continuous innovation in helping CRE organizations overcome their greatest operational challenges.

“The advantages of this acquisition to Building Engine’s customer community are enormous,” said Tim Curran, Building Engines’ CEO. “We were impressed at AwareManager’s expertise in helping some of the largest, most complex property portfolios overcome major hurdles in their quest for operational excellence and data-driven decision-making. We warmly welcome the AwareManager team and customer base to the Building Engines’ community, and look forward to continuing our mission to become the industry’s preeminent provider of CRE technology innovation.”

“Together with Building Engines we combine the best of both worlds,” said AwareManager CEO and Cofounder Jeff Thompson. “Our specific expertise in highly configurable solutions for the complex built environment combined with Building Engines’ market presence, scope, and track record of innovation creates something completely unique.”

AwareManager will operate as “AwareManager, a Building Engines company”, with all operations of AwareManager moving to Building Engines’ new headquarters in Boston this summer. AwareManager Co-founder/CEO, Jeff Thompson, is joining the Building Engines executive team, reporting to CEO, Tim Curran.

AwareManager projects, products and services will continue with no disruption to existing customer engagements. Clients can expect to receive the same distinctive quality and service. The combined firm will work to develop expanded, joint offerings for the market in the future.

Learn more about the acquisition at https://www.buildingengines.com/awaremanager

Both companies will be available for a joint Q&A at Building Engine’s at office-warming party celebrating the move to their new Boston headquarters 33 Arch Street on Thursday, May 24th. The event will also feature panel discussion titled “Making a Move to the City: Expectations of the Modern Tenant” Interested parties can RSVP here: https://www.eventbrite.com/e/building-engines-office-grand-opening-party-tickets-45379700907

 

About Building Engines

Building Engines delivers the commercial real estate industry’s most innovative web and mobile portfolio management platform, providing building teams with the data and insights they need to improve operational efficiency, mitigate risk, measure and improve tenant satisfaction, and to make better, data-driven decisions.

The Building Engines integrated suite of solutions support the full range of critical building operations, including tenant engagement and service, maintenance management, communications, task and operational risk management.

Clients of Building Engines include many of the leading public REITs, private owner/managers and third-party management firms in the United States and Canada operating multi-tenant commercial office, medical office, retail and industrial properties. For more information about Building Engines, please visit: http://www.buildingengines.com.

Contact

Scott Sidman, CMO

Building Engines

ssidman@buildingengines.com