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Building Engines
Designs, develops, and maintains web and mobile property management software
About Building Engines
Founded in 2000, Building Engines established itself as a significant player in the property management software sector, culminating in its acquisition by JLL in November 2021 for approximately $300 million. The company's genesis lies in providing a comprehensive, cloud-based platform designed to streamline operations for commercial real estate (CRE) portfolios. The firm was founded by Philip Schluter. The core of its offering is Prism, an all-in-one building operations platform that integrates various management functions into a single interface.
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Building Engines targets property owners, operators, and tenants within the commercial real estate market, offering tools to manage tenant services, maintenance, and operational risk. Its business model is software-as-a-service (SaaS), generating revenue through subscriptions to its platform. The platform empowers property managers to move from disparate point solutions to a unified system, enhancing efficiency and tenant satisfaction. This integration capability allows for a holistic view of building performance, from work orders and inspections to visitor access and space management.
The acquisition by JLL, a global leader in real estate services, marked a significant milestone, integrating Building Engines' robust platform into JLL Technologies' broader ecosystem. This strategic move was aimed at creating a market-leading, end-to-end CRE operations platform. Even after the acquisition, the Building Engines brand and platform continue, now supercharged by JLL's global reach and resources. The platform's key benefit lies in its ability to centralize data and workflows, providing actionable insights that help property managers optimize building performance, reduce operating costs, and improve the overall tenant experience.
At a glance
- Status
- Acquired
- Founded
- 2000
- Headquarters
- Waltham, United States
- Employees
- 179
- Open positions
- 3
- Dealroom signal
- 62.3/100
- Industry
- Real Estate, Enterprise Software
- Sub-industry
- Real Estate Software
- Sector
- Other B2B Software, Property Management, SaaS, Commercial Real Estate, Branding, Proptech, Platform
- Technology
- Mobile app
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 4 companies, latest Jun 2021
- Capital deployed
- —
- Preferred round
- ACQUISITION
Latest news
Press, funding announcements and product moves mentioning Building Engines.
Funding history
Company financing events and reported valuations.
Growth signals
Latest recorded traffic for Building Engines is 380K monthly website visits, down 15.6% over the last three months. Building Engines's team grew 0% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Series B and later4 investors entered at this stage
RC Capital
Camber Creek
Wavecrest Growth Partners
MassMutual Ventures
Other known investors3 additional known investors
JLL
Palm Drive Capital
BPEA Private Equity
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Building Engines on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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