Creating the Most Comprehensive Suite of Products Servicing the Global Commercial Real Estate Industry
HOUSTON, TX— February 5, 2007— Realm Business Solutions, the global
leader in providing solutions that service the commercial real estate lifecycle, today
announced the acquisition of Tree Software and Consulting Inc.(treeSoft)
This announcement comes at the finish of an exciting year in which the
company was recapitalized, restructured and embarked on its new journey towards
global leadership in the commercial real estate industry. Realm also recently merged
with Circle Software Solutions in the UK in December of 2006.
According to Mark Kingston, Realm’s president and CEO, the result of these
efforts can be summed up quite succinctly, the newly combined organization is:
One company servicing one global market: “Commercial real estate is the
only vertical we operate in. Commercial real estate is our lifeblood and we have spent
the last two and a half years connecting with this market in an effort to take on the
character of a market leader whose products are woven deeply into the fabric of this
market,” says Kingston.
One company providing many solutions: “With the market’s need for
consistency, transparency and efficiency always at the forefront; the Circle and
treeSoft transactions have added solutions and services to Realm’s product suite that
address nearly every aspect of the commercial real estate lifecycle.”
“From dirt to disposition, we are there to automate every task in commercial
real estate,” explains Kingston. Realm’s existing products address crucial real estate
analytical processes such as development feasibility, asset valuation, property
management, lease automation, portfolio management, reporting and web
collaboration.
“treeSoft has a world-class commercial real estate services and technology
business,” adds Kingston, “as well as a capable suite of products designed for the
brokerage industry. This acquisition significantly enhances our ability to address the
reporting and analysis needs of major commercial real estate enterprises and is yet
another step in designing a company that will enable commercial real estate to reach
its destiny as a sophisticated and metrics-rich asset class.”
One company striving for global interoperability: As the world of
commercial real estate continues to shrink, Kingston says Realm’s solutions will
provide a common language and platform while still conforming to local
methodologies.
The plan, he explains, is to evolve the current product suite as well as develop
additional products that will further connect the industry in terms of workflow, data,
languages and procedures, which in turn will provide the industry with unimaginable
productivity and access to transactions and markets.
Based outside Philadelphia, treeSoft has operated as the pre-eminent
consulting services provider for real estate financial analysis within the US and
around the world for the past twenty years. During the past seven years, treeSoft has
expanded beyond its role as a service and custom application provider to embrace
product development. The company has created a well defined product architecture
and application development methodology based on years of experience in analyzing
and improving clients’ real estate lease, property and portfolio data management
business processes.
“The combination of the companies is completely complimentary from a
product, and personnel perspective,” says Barry Tuman, CEO and founder of treeSoft.
“Realm and treeSoft have had a long and cooperative relationship over the past few
years, and the opportunity to combine the deep intellectual resources of our two
organizations was too good to pass up.”
This transaction was completed with assistance from Realm’s private equity
partners, Insight Venture Partners and Lightyear Capital. The financial details of the
acquisition were not disclosed.
All Realm and Circle products including ARGUS, DYNA, BUDGET, CTI,
INSIGHT, LEASE, Circle Developer, Circle Budget, Circle Multiview, Visual
Investor, Circle Data Center, TenantRep, OwnerRep, LeaseBuy, CashFlow Analysis,
ForecastPlus, Sensitivity Analysis and AssetMgmt System will continue to be
developed and supported by the organization’s new global team.
The combined company will now have offices in the following cities: London, Houston, Vancouver,
Sydney, Kuala Lumpur, Singapore, Dallas, Tokyo, Princeton, Philadelphia and
Clearwater. Additionally Realm has partners and a presence in South Africa, Korea
and China.
Media Contact
Jennifer Brenner Andrade
Vice President of Marketing
Realm Business Solutions
Tel: 1-713-341-3630
Cell: 1-713-409-5627
jandrade@realm.com
About Realm Business Solutions
Realm Business Solutions, Inc. provides software and services that enable its customers to better manage the financial and operational performance of their real estate portfolios. More than 8,000 of the industry's leading owners, managers, financial institutions and REITs trust Realm solutions to improve the visibility and flow of information throughout their critical business processes. Realm is the developer of such industry standard products as ARGUS, BUDGET, CTI, DYNA, INSIGHT and LEASE. Visit Realm's website to learn more about these solutions, as well as reXML, the open source language for exchanging data between Realm and other applications: www.realm.com. |
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