CBRE Group, Inc. and Kahua Enter into a Long-Term, Global Agreement
August 16 2017 - 8:30AM
Business Wire
Kahua’s cloud-based collaborative platform will
boost efficiency and drive superior client outcomes across CBRE’s
global project management offering
CBRE Group, Inc. and Kahua announced today that the companies
have entered into a global, strategic agreement whereby CBRE will
use Kahua to manage a wide range of projects across its global
client base.
“Kahua is a modern, intuitive, cloud-based solution that
dramatically changes how projects are executed and managed, and
holds the potential to unlock significant efficiencies, data and
insights,” said Sandeep Davé, Chief Digital and Technology Officer
for CBRE’s Global Workplace Solutions business. “After careful
review and testing, we determined that Kahua provides the premier
global collaborative network for real estate and construction
project management and plan to implement it internally and with our
global customers. This relationship is another example of how CBRE,
as the market leader, is bringing to bear transformative technology
solutions to the corporate real estate industry.”
The Kahua Network, delivered as an Application
Platform-as-a-Service, connects CBRE with its global clients and
their project teams, allowing applications, business processes and
information to be shared across organizations to more effectively
manage capital assets.
CBRE has made an equity investment in Kahua and will have an
executive join Kahua’s Board of Directors. Through this long-term
agreement, CBRE and Kahua will continue to jointly develop
application technology that will address the unique needs of real
estate occupiers, owners, contractors, architects and engineers
operating within the project management supply chain. CBRE and
Kahua are confident that leveraging the solution across the
lifecycle of capital assets under CBRE management will
significantly improve productivity throughout the supply chain.
The agreement brings a new form of collaboration across the
entire lifecycle of capital assets and will change the way capital
assets are delivered and managed. CBRE has already launched
projects in The Kahua Network with clients in markets across the
Americas, EMEA and APAC regions and is rapidly training over 5,000
project managers worldwide on the platform.
“CBRE is an innovative leader in our industry. We are excited to
extend the Kahua Network to CBRE and their global customers,” said
Scott Unger, CEO of Kahua. “Our strategic relationship with CBRE
will further our mission to deliver value and productivity
improvements to the real estate, design and construction
industry.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500
company headquartered in Los Angeles, is the world’s largest
commercial real estate services and investment firm (based on 2016
revenue). The company has more than 75,000 employees (excluding
affiliates), and serves real estate investors and occupiers through
approximately 450 offices (excluding affiliates) worldwide. CBRE
offers a broad range of integrated services, including facilities,
transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic
consulting; property sales; mortgage services and development
services. Please visit our website at www.cbre.com.
About Kahua
Kahua is changing the way that capital assets are delivered and
managed. The Kahua Network is the world’s leading collaborative
network for real estate and construction project management.
Delivered as a secure, scalable Application Platform-as-a-Service
(aPaaS), The Kahua Network enables users to easily share data,
documents and workflows across all applications and projects, and
among all authorized network participants. Kahua supports leading
mobile devices and tablets, integrates with third party
applications and numerous accounting systems, and enables customers
and certified development partners to quickly modify existing
applications or build custom applications that operate on The Kahua
Network. To learn more, visit www.kahua.com.
Forward-Looking Statements
Certain of the statements in this release regarding CBRE’s use
of, and investment in the Kahua technology that do not concern
purely historical data are forward-looking statements within the
meaning of the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are made based on our management’s expectations and
beliefs concerning future events affecting us and are subject to
uncertainties and factors relating to our operations and business
environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance,
results and events may vary materially from those indicated in
forward-looking statements, and you should not rely on
forward-looking statements as predictions of future performance,
results or events. Numerous factors could cause actual future
performance, results and events to differ materially from those
indicated in forward-looking statements, including, but not limited
to, our ability to successfully integrate the Kahua technology into
CBRE’s global Project Management operations as well as other risks
and uncertainties discussed in our filings with the U.S. Securities
and Exchange Commission (SEC). Any forward-looking statements speak
only as of the date of this release. We assume no obligation to
update forward-looking statements to reflect actual results,
changes in assumptions or changes in other factors affecting
forward-looking information, except to the extent required by
applicable securities laws. If we do update one or more
forward-looking statements, no inference should be drawn that we
will make additional updates with respect to those or other
forward-looking statements. For additional information concerning
factors that may cause actual results to differ from those
anticipated in the forward-looking statements and other risks and
uncertainties to our business in general, please refer to our SEC
filings, including our Form 10-K for the fiscal year ended December
31, 2016, and our Form 10-Q for the quarter ended June 30, 2017.
Such filings are available publicly and may be obtained from our
website at www.cbre.com or upon request from the CBRE Investor
Relations Department at investorrelations@cbre.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170816005077/en/
CBRERobert McGrath,
212.984.8267robert.mcgrath@cbre.comorKahuaJim Wilson,
770.641.9994jwilson@kahua.com
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