London,
04
February
2019
|
11:35
Europe/London

CBRE GROUP, INC. TO ACQUIRE ROMONET, LEADING GLOBAL DATA CENTER TECHNOLOGY COMPANY

CBRE Group, Inc. (NYSE:CBRE) announced that it has acquired the assets of Romonet Limited, a leading 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.

Founded in 2008 by data center technology pioneers Zahl Limbuwala and Liam Newcombe, Romonet is based in the UK and serves clients across the globe.

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.

John Dunstan, president, Data Center Solutions at CBRE, said: “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.”

Mr. Limbuwala, co-founder of Romonet, said: “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.”

“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.

CBRE is the leading service provider to data center owners, occupiers, and investors, including consulting services, advisory and transaction services, project management, and integrated data center operations. CBRE manages more than 800 data centers around the world.