DealmakingM&A / FundingProptechReal Estate Tech

JLL acquires Envio to bolster building operation data

Acquisition aimed at disrupting current building operation models and enhancing service delivery.

JLL, a leading real estate investment management firm, today announced acquiring sustainable building operation firm Envio Systems, according to a press release.

The company says Envio’s technology will form a foundational infrastructure for a differentiated platform that will deliver “intelligent and sustainable building solutions that disrupt current building operation models”, in order to deliver more sustainable building operations through predictive analytics and building automation.

Founded in 2013, Envio’s hardware and software offerings enable access and analysis of sensors and applications across building systems and functions (such as HVAC, lighting management and energy management), in order to facilitate predictive decision-making around utilities and operation.

JLL (Jones Lang LaSalle) says that as a result of fundamental changes to the workplace and worker sentiment as a result of the pandemic and global digital transformation, flexibility and real-time responsiveness are required to meet changing demand and evolving employee preferences.

It says in order to meet that demand, Envio’s technology will work to disrupt current building operation models and provide “flexibility, speed and optionality into how spaces are planned, managed and serviced.”

“Our purpose at JLL is to shape the future of real estate for a better world, and with this acquisition of Envio we are meaningfully accelerating our ability to deliver on that promise for our clients,” stated Yishai Lerner, co-CEO of JLL Technologies, in the release.

JLL also noted that the acquisition will integrate and enhance recent investments in tech-enabled service delivery, including Dynamic Occupancy Management and Dynamic Cleaning.

“Integrating the Envio team and technology with JLL’s robust Workplace Management capabilities will advance our commitment to enabling clients to shape their workplaces and their employees’ experiences to achieve more human-centric, more resilient, and more responsible real estate, and create a better world of work,” said Neil Murray, CEO of Work Dynamics at JLL.

In other recent proptech news, TestFit raised $20 million to scale its development decision-making platform. SmartRent also appointed SightPlan CEO Terry Danner as VP of Sales following its recent $135 million acquisition merger.

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