JLL (NYSE: JLL) on Oct. 3 announced an agreement to acquire Addison-based ValuD Consulting, a leading provider of IBM software integration and consulting services in the United States and India. JLL plans to use the acquisition to enhance its ability to bring the next generation of technology to its clients through future-focused innovation and deepened expertise in IBM’s TRIRIGA, Maximo and Watson Internet of Things (IoT) services.
The acquisition supports JLL’s commitment to lead the industry and its clients through digital transformation. It will add 300 highly skilled technology experts—many recruited, trained and certified through ValuD’s unique university partnerships—to JLL’s specialized Technology Solutions team around the world.
“Adding this depth of specialist talent will give our clients access to the best technology expertise and products,” said Traci Doane,pPresident, JLL Technology Solutions. “Joining forces with ValuD gives us the exciting opportunity to expand our expertise in IBM digital solutions and more fully explore emerging technologies that include artificial intelligence, cognitive buildings and predictive analytics.”
ValuD is a Gold Accredited IBM Business Partner for the TRIRIGA solution. It was founded in 2009 by Gopi Latpate, who has been involved in the IBM TRIRIGA platform and application since its inception. The company, which has been recognized on the Inc. 5000 list of the fastest growing privately held companies in the United States for the last four years, is owned by Latpate, who is chief executive and technology officer, and Scott Williamson, chief commercial officer. Both Latpate and Williamson will assume leadership roles in the IBM Practice of JLL’s Technology Solutions business.
“By joining JLL, we’re bringing together two growth companies with a common culture,” Latpate said. “We wanted to find the right partner who has the same drive and is serving the same client base—JLL was a perfect match. Combining our talent, tools and knowledge will drive value for our clients.”
The ValuD acquisition, which is expected to close in November subject to customary closing conditions, is another step forward in JLL’s ongoing digital transformation. In July, it announced the appointment of former Google executive Vinay Goel who joined as global Chief Digital Product Officer. Previously, JLL launched JLL Spark, a global division dedicated to identifying and delivering new technology-driven real estate service offerings. Recently, JLL Spark announced the creation of its $100 million Global Venture Fund for investment in companies innovating in proptech.