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.