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FM: Systems Acquires Rifinity to Strengthen Workspace Analytics.


17 July 2019 - North Carolina, US-based facility management technology provider FM: Systems has acquired Rifiniti, a provider of advanced analytics for workspace optimisation, the company said.

Terms of the transaction were not disclosed.

Rifiniti's data science and machine learning algorithms propel FM: Systems toward its goal of providing clients with key insights that empower them to make critical business decisions based on highly accurate space utilisation trends.

FM: Systems said by leveraging systems already in place, like WIFI and security badging, Rifiniti's analytics solution enables clients to quickly and accurately solve their space utilisation questions.

FM: Systems provides technology that enables facility and real estate teams to identify, plan and deliver the ideal workplace for every employee.

The company's web-based Integrated Workspace Management System software improves management of space, occupancy, renovations, moves, maintenance, property, assets, agile workspaces, employee experience and smart buildings.

Rifinit Inc. provides rich analytics for workplace optimisation. The company's SaaS offering, Optimo, enables customers with AI-powered analytics to optimise their workspace. Optimo, enhanced by Rifiniti's understanding of corporate real estate, provides actionable insights that help executives make confident decisions based on highly accurate analytics.

Country: USA

Sector: IT/Online Services

Target: Rifiniti

Buyer: FM: Systems


Deal size in USD:

Type: Corporate Acquisition


Status: Closed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Jul 17, 2019
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