CBRE Group, a Los Angeles-based Fortune 500 company and one of the world’s largest commercial real estate services and investment firms, has acquired the assets of Romonet Limited – an advanced analytics software company which provides technology and consulting services for large global data center operators. Romonet’s team of professionals will join CBRE as part of the acquisition. Financial terms of the acquisition were not disclosed.
Founded in 2008 by data center technology pioneers Zahl Limbuwala and Liam Newcombe, Romonet is based in the UK and serves clients globally. Romonet uses a patented, cloud-based technology to unlock efficiencies and increase capacity at data centers. Romonet will be integrated into CBRE’s global data center solutions offering.
“We are not only excited about Romonet’s technology, which will add to our market differentiation, but also the phenomenal talent that will join CBRE,” said Sandeep Davé, Chief Digital and Technology Officer for CBRE’s Global Workplace Solutions business.
800 Data Centers Globally
CBRE Group is a global services provider to data center owners, occupiers, and investors, including consulting services, advisory and transaction services, project management, and integrated data center operations. The company counts more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE Group manages more than 800 data centers around the world.
“Romonet adds complementary market-leading solutions to our existing platform and will help us to deliver highly differentiated outcomes for our clients across the globe,” said John Dunstan, President, Data Center Solutions, CBRE Group.
“The data center market continues to rapidly evolve and scale, and automation is increasingly critical. Joining CBRE’s leading global data centers team will allow us to provide worldwide support and capability for our clients,” said Mr. Limbuwala, co-founder of Romonet.