IBM (NYSE:IBM) is making its first purchase of 2011. Big Blue is acquiging the real estate management software developer Tririga. Financial terms of the deal, which is expected to close in the second quarter of 2011, were not disclosed. Tririga’s software helps clients make strategic planning decisions regarding space usage, evaluates alternative real estate initiatives, generates higher returns from capital projects and assesses environmental impact investments. Tririga’s software is used by more than 200 clients, including over one-third of Fortune 100 corporations as well as seven of the 15 federal executive departments of the U.S. government The company will be integrated into IBM Tivoli Software and IBM Global Business Services. In 2010, IBM spent roughly $6 Billion to acquire 17 companies. IBM numbers are up just over a quarter or .17% to $157.95.
CreXus Investment (NYSE:CXS) announced that it has signed a definitive asset purchase agreement with Barclays Bank’s (NYSE:BCS) affiliate, Barclays Capital Real Estate, to purchase a portfolio of commercial real estate assets. The closing of the transaction is subject to the completion of certain conditions, including the successful completion of a common stock offering by CXS and obtaining certain consents. The acquisition, which is valued at approximately $586 million, is set to be completed during mid-April 2011. The portfolio, consisting of 30 commercial real estate assets, includes commercial mortgage loans, subordinate notes and mezzanine loans. The property types underlying these assets include hotels, offices, condominium, multi-family and retail properties. Shares of CXS are down 3.86% to $12.19; Shares of BCS are up 3.15% to $19.01.
“The Goldbergs” paid tribute to John Hughes seminal work, “Ferris Bueller’s Day Off” with “Barry Goldberg’s Day Off.” They recreated some of the film’s most memorable moments and included a cameo from one of it’s most infamous stars.
On “Jimmy Kimmel Live” guest Will Smith was surprised by a live video chat from his old pal, DJ Jazzy Jeff, who inquires as to which, if any, of his former collaborators the film star might like to make music with again.
New Kids On The Block member Jonathan Knight, joined “The Amazing Race” competition with his boyfriend, Harley. The two managed to overcome some anxious moments navigating Tokyo to land in fifth place at the end of the first episode.
A man in Italy has caught what’s believed to be the largest catfish ever reeled in with a rod and line. Dino Ferrari caught the 8-foot 9-inch Wels Catfish in the Po Delta. So what do you do with a fish that big? If you’re Dino, you take some pictures and then toss the monster back into the delta.
The UK’s version of the Grammys, the Brit Awards, were aired live from the O2 Arena in London and featured many rising stars, like Ed Sheeran. It also featured a falling star – Madonna. Literally falling. Fortunately, Madonna recovered and managed to pull off a great performance.