RALEIGH – FM:Systems, a Raleigh firm that helps clients manage their workspaces for employees, is beefing up its capabilities by acquiring Rifiniti, which includes data analytics and machine learning in its own workplace optimization solutions.
Rifiniti has operations in Boston and Bulgaria. Financial terms of the deal were not disclosed.
“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,” said Brian Haines, vice president of strategy for FM:Systems.
FM:Systems, a 30-year-old company, works with customers to help them make better use of facilities and to solve utilization questions through its own technology that now will be broadened.
“This acquisition moves us closer to achieving our mission,” said FM:Systems’ CEO Kurt von Koch, in the announcement. “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.”
Rifiiti’s technology collects information from a wide variety of sources through Internet of Things technology, linking Wi-Fi access points, badge systems, seat sensors, image processing and more to provide an analysis of workspaces.
“The data that comes from the myriad of IoT devices being used in the workplace can have a lot of bumps and ridges,” Haines explained. “It is often incomplete, and that’s where the logic of data science comes in.”