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JLL Completes Acquisition of Technology Pioneer Corrigo

Rick Michaux - Corrigo Chairman and Founder Click here for high-resolution version

CHICAGO, IL--(Marketwired - Dec 21, 2015) -  Bolstering its ability to transform the real estate industry with innovative advancements that complement and expand its service offerings, JLL ( NYSE : JLL ) completed its acquisition of Corrigo Incorporated, a pioneer in cloud-based facility management solutions. Corrigo's technology is a highly regarded platform that automates virtually the entire maintenance management process.

"The response from our clients over the past few weeks has been extremely positive," said Rick Michaux, Corrigo Chairman and Founder. "They recognize the potential we now have to change the industry and are eager to see what we can accomplish."

"JLL and Corrigo are perfectly aligned in terms of focus, culture and mission," added Greg O'Brien, JLL CEO, Americas. "We share a commitment to innovation that places us at the forefront of the facility management industry. Our client-centered culture of teamwork and collaboration enables us to help our clients improve their facilities as well as the customer and employee experience within those facilities."

Corrigo's innovative platform and Work Order Network allow 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. The platform has a strong network of 1 million users managing more than 10 million work orders per year across more than 180,000 sites. Through its comprehensive suite of software and mobile apps, the platform automates virtually the entire maintenance management process by:

  • Tracking work orders
  • Maintaining a vendor database
  • Verifying vendor insurance and certification
  • Managing bids
  • Tracking completed work
  • Leveraging GPS to track service professionals' location
  • Aligning actual invoices to forecast spending
  • Integrating with accounting software to pay invoices
  • Request to pay capability

Corrigo strengthens JLL's existing technology solutions, including the RED data and insights platform, which offers a full spectrum of tools to uncover areas for improved productivity with customizable dashboards and detailed analytical models.

About JLL
JLL ( NYSE : JLL ) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $57.2 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

About Corrigo
Corrigo Incorporated is a software and services company that specializes in the management of facilities in multi-site environments. Founded in 1999, Corrigo has focused from day one on delivering software as a service (SaaS) solutions with emerging technologies, notably wireless. Corrigo customers range from Fortune 50 companies to SMBs. The company's software is successfully deployed in multiple industries including restaurants, retail, property management, hospitality, health care, homebuilding, manufacturing, distribution and all kinds of service businesses. Billions of dollars in facilities spend flow through the platform every year, supporting more than 180,000 locations worldwide. For more information, visit www.corrigo.com.  

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