by Brianna Crandall — July 15, 2019 — FM:Systems, a provider of facility management (FM) technology designed to enable facilities and real estate professionals to identify, plan and deliver an ideal workplace for every employee, just announced its acquisition of Rifiniti, a provider of advanced analytics for workspace optimization. Rifiniti’s sophisticated data science and machine learning algorithms are expected to propel FM:Systems towards its goal of providing clients with key insights that empower them to make critical business decisions based on highly accurate space utilization trends.
With as much as 50 percent underutilized space in workplaces today, the actionable insights from this advanced technology helps visualize trends, significantly reducing real estate costs by rebalancing and consolidating workspaces while enabling better workspace design and workforce collaboration.
FM:Systems’ leading web-based integrated workspace management system (IWMS) software is designed to improve management of space, occupancy, renovations, moves, maintenance, property, assets, agile workspaces, employee experience, smart buildings and more.
Rifiniti’s unique software-as-a-service (SaaS) technology collects and harmonizes data from diverse sources that exist in environments today such as Wi-Fi access points, badging systems, image processing, lighting, seat sensors and others, which can amount to terabytes of information and billions of data points over a very short period of time.
FM:Systems Vice President of Strategy Brian Haines pointed out:
The data that comes from the myriad of IoT devices being used in the workplace can have a lot of bumps and ridges. It is often incomplete, and that’s where the logic of data science comes in. Rifiniti’s advanced statistics and machine learning algorithms fill in the gaps, creating highly accurate visualizations of how workspace is actually utilized. This will be a game-changer for our customers and our industry.
Rifiniti co-founders Irina Mladenova (president) and Michael Gresty (CEO) expressed great pleasure with the acquisition and their employees being a part of FM:Systems, and expressed excitement at being able to apply their data science capabilities “to a broader set of challenges” in support of FM:Systems customers and the company’s bright future.
FM: Systems has a 30-year history of helping clients understand how their employees interact with their buildings and utilize space, resulting in cost savings, better employee experience and improved operational outcomes.
FM:Systems CEO Kurt von Koch stated:
This acquisition moves us closer to achieving our mission. By simply leveraging systems already in place, like Wi-Fi and security badging, Rifiniti’s analytics solution enables our clients to quickly and accurately solve their space utilization questions. The algorithms they’ve written to smooth out this data is fantastic. No one in our industry truly covers the breadth of this. Rifiniti is the perfect complement to what we do, and we look forward to welcoming them into the FM:Systems family.