Building Engines
AcquiredWaltham, US · Delaware corporation · 8 known investors
Building Engines is a cloud building operations platform for commercial real estate, acquired by JLL in 2021 for about $300 million.
Also known as Building Engines, Inc.
Founders & leadership
Board
Investors · 8
Reported raises · per SEC filings
Form D private placements$26.5M disclosed across 1 round · 2016
▶$26.5MraisedSep 2016 · 8 investors · Other TechnologyRule 506(b)
- Timothy CurranDirector
- Deepak SindwaniDirector
- Frank ApesecheDirector
- Andrew AshforthDirector
- Vaibhav NalwayaDirector
- David OsbornExecutive Officer, Director
- Offering amount
- $26.5M
- Amount sold
- $26.5M
- Proceeds to insiders
- $9.6M
- First sale
- Sep 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Building Engines provides a web-based, cloud-delivered suite of integrated modules for owners and managers of commercial property, covering work orders, maintenance scheduling, tenant engagement and broader property operations and workflow management. Its stated aims are to increase occupant satisfaction, manage assets more efficiently, limit exposure to risk and liability, reduce operating costs and improve management visibility into building operations.
The company's flagship product is Prism, a building operations platform positioned around improving net operating income (NOI) across commercial real estate portfolios by helping customers increase revenue, improve occupant experience and reduce operating costs. The platform includes an open API infrastructure intended to integrate with other real estate systems. Building Engines is headquartered at 460 Totten Pond Road in Waltham, Massachusetts, and since November 2021 has operated as part of JLL Technologies (JLLT), retaining its name and continuing to serve existing customers and real estate investors.
Founding story
Building Engines was founded in 2000 by a team of technology and building operations management professionals.
Business model
Building Engines sells software for commercial real estate operations to property owners and managers, delivered as a web-based/cloud platform of integrated modules. Since the JLL acquisition it operates within JLL Technologies while continuing to serve its own customer base.
Traction
More than 1,000 customers across 35,000 properties and more than three billion square feet worldwide as of the November 2021 acquisition, up from 80 enterprises, over 1,800 facilities and 200 million square feet in an earlier company description.
Latest developments
JLL closed its acquisition of Building Engines for approximately $300 million on 30 November 2021. Building Engines' more than 150 employees joined JLL Technologies, the company retained its name and brand, and JLL stated it intended to leverage the platform's open API infrastructure to integrate it with the wider real estate ecosystem, including JLL Technologies products and JLL Spark investments.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Described by acquirer JLL as the market-leading building operations platform for commercial real estate, with JLL positioning it as the intended "system of record" for property management in an otherwise fragmented property management software ecosystem.
Technology
A cloud-based building operations platform, Prism, that consolidates work orders, maintenance scheduling and tenant engagement in one system, built with an open API infrastructure that allows integration with other real estate technology products.
Go-to-market
Owners and managers of commercial real estate of any property type, including enterprise property management organizations, property managers and real estate investors.
Geography
Headquartered in Waltham, Massachusetts, with customers and properties served worldwide; following the acquisition it operates within JLL, which has operations in over 80 countries.
History
Founded in 2000, Building Engines grew from a web-based property operations and workflow suite serving 80 enterprises, more than 1,800 individual facilities and 200 million square feet of property to a platform used by more than 1,000 customers across 35,000 properties and over three billion square feet worldwide. Tim Curran joined as a board director in 2011 and was named CEO in 2017. The company was backed by Wavecrest Growth Partners, River Cities Capital, MassMutual Ventures and Camber Creek. On 30 November 2021, JLL closed its acquisition of Building Engines for a cash purchase price of approximately $300 million; more than 150 employees joined JLL Technologies and Curran became Executive Managing Director, Building Engines, reporting to JLLT president Sharad Rastogi. William Blair served as exclusive financial advisor to Building Engines in the transaction.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 6
by search overlap
Companies competing with Building Engines for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 2
launches, deals, and filingsJLL (NYSE: JLL) closed its acquisition of Building Engines for a cash purchase price of approximately $300 million. More than 150 Building Engines employees joined JLL Technologies; CEO Tim Curran became Executive Managing Director, Building Engines, reporting to JLLT president Sharad Rastogi. Building Engines retained its name. William Blair was exclusive financial advisor to Building Engines.
$300M source ↗
Tim Curran, who joined Building Engines as a board director in 2011, was named chief executive officer in 2017.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
▸Research sources · 5
primary sources listed
- Building Engines in Waltham, MA – Reviews, Hours, and Contact Detailslocal.yahoo.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Building Engines do?
- Building Engines is a cloud building operations platform for commercial real estate, acquired by JLL in 2021 for about $300 million.
- Who are Building Engines's investors?
- Building Engines's investors include Camber Creek, Homebrew, Launchpad Venture Group, MassMutual Ventures, MetaProp, Navitas Capital, Rubenstein Partners, Wavecrest Partners.
- How much funding has Building Engines raised?
- Building Engines has disclosed $26.5M raised across 1 round.
- Where is Building Engines headquartered?
- Building Engines is headquartered in Waltham, US.