Building Engines
By Building Engines
Building Engines is a leading property management software company founded in 2000. Headquartered in Boston, with additional offices in New York City and Scottsdale, the company specializes in developing web and mobile solutions to streamline building operations for commercial real estate (CRE) professionals. Building Engines aims to enhance tenant satisfaction, operational efficiency, and profitability for property owners and managers. The company manages over 5 billion square feet across 55,000 buildings worldwide, serving more than 1,000 customers.
Building Engines was established by a team of technology and building operations management professionals. Since its inception, the company has focused on transforming building operations in the CRE industry. Key milestones include the launch of its platform in 2001, the introduction of the first independent mobile application in 2008, and the release of its open platform, Prism, in 2019. The company has also made strategic acquisitions to expand its capabilities, including AwareManager in 2018 and Real Data Management in 2019.
Building Engines has raised a total of $40.7 million in funding from various investors, including Wavecrest Growth Partners, River Cities Capital Funds, MassMutual Ventures, and Camber Creek Ventures. The company received significant growth investments in 2016 and 2019, which have fueled its continued innovation and expansion. As of October 2021, Building Engines was acquired by JLL (Jones Lang LaSalle) for a valuation of $300 million.
Building Engines offers a comprehensive suite of property management solutions under its Prism platform. Key features include:
Building Engines has strategically acquired several companies to expand its product offerings and capabilities. Notable acquisitions include AwareManager in 2018, Real Data Management in 2019, and Synlio, which specializes in bid management. These acquisitions have enabled Building Engines to enhance its platform with additional functionalities such as advanced tenant satisfaction ratings and comprehensive data management solutions
Recent innovations include the introduction of Hank, an AI-powered solution for energy and HVAC optimization, and Bengie, the first property operations virtual assistant. These features aim to meet sustainability goals, reduce energy usage, and streamline property management tasks, further enhancing the overall tenant experience and operational efficiency
Building Engines prides itself on a culture of continuous learning and innovation. The company operates with the agility and creativity of a startup, despite its two decades of industry experience. Building Engines emphasizes the importance of growth, both individually and collectively, and fosters an environment where employees are encouraged to develop their skills and contribute to the company's mission of transforming CRE operations.
Building Engines serves a diverse user base that includes some of the largest public REITs, private owner/managers, and third-party management firms in the United States and Canada. The platform is designed to support a wide range of commercial property types, including office spaces, retail, industrial, and medical office buildings. The company's commitment to delivering exceptional tenant experiences and operational efficiencies has earned it a strong reputation and a loyal customer base within the CRE community
