SOURCE: Virtual Premise, Inc.

Virtual Premise, Inc.

April 29, 2010 14:03 ET

Virtual Premise to Showcase Revolutionary New Approach to Real Estate Information Management at 2010 Customer Conference

Enhanced Solution, Featuring Unique Strategy and Analytics Component, Responds to Customer Needs for Proactive Decision-Making Tools

ATLANTA, GA--(Marketwire - April 29, 2010) - Virtual Premise, a leading Software as a Service (SaaS) provider of real estate information management solutions, will showcase its latest capabilities, including a new advanced strategy and analytics module, at its upcoming VP|Connect 2010 customer conference next month. The event, to be held May 5-7, 2010, at the Grand Hyatt Atlanta hotel, features a revitalized format that offers customers increased access to hands-on training and educational sessions. Strong networking opportunities help customers connect with each other to learn about innovative ways to use the Virtual Premise solution and meet the needs of their businesses. The event's highlight is expected to be the company's newly enhanced Real Estate Information Management solution that helps customers align their real estate operations with company objectives to increase profitability.

Feedback from customers at prior Virtual Premise conferences, along with extensive market analysis and the company's deep understanding of commercial real estate best practices, all played a vital role in the development of the enhanced technology solution. Customers had indicated they needed a way to consolidate and analyze the complex information needed to effectively monitor strategy execution from a real estate perspective.

"Our customer conference provides the perfect environment for the exchange of knowledge and information," said Andy Thomas, president and COO at Virtual Premise. "By giving our customers a voice and carefully listening to them describe their business and day-to-day challenges, Virtual Premise is able to develop technology and services that precisely meet market and customer needs. We will see a lot of excitement from our customers at VP|Connect 2010 as they learn how our new strategy and analytics component can transform their organizations from reactive firefighters to preemptive, proactive teams who know how to set priorities for real estate initiatives."

The newly enhanced VP solution supports both retail and corporate real estate professionals. For retail, VP's solution is designed for company executives, real estate dealmakers, store planning and construction managers and anyone else who needs visibility into critical store performance and real estate information. This latest release of the company's proven solution for retailers answers customers' calls for technology that consolidates crucial deal, store, lease, demographic, sales and center information with data from other business systems into actionable information.

For corporate real estate managers, the VP solution provides the unique opportunity to capture and manage all critical real estate lifecycle information in a single place with a powerful but easy-to-use set of tools. This ensures that information silos are eliminated; real estate activities are in line with corporate strategy; critical real estate decisions are made quickly and efficiently; and corporate real estate professionals begin to assume a more strategic role in their organization.

The VP|Connect 2010 conference, intended for both new and veteran VP users, will offer customers two days of knowledge-building sessions delivered in four concurrent tracks, including one track designed as a hands-on training lab. The conference is specifically structured to provide customers with an educational and networking environment that will allow them to immediately deliver value back to their organization.

About Virtual Premise
Virtual Premise, Inc. is a leading SaaS provider of real estate information management solutions for corporations, retailers, restaurants, landlords and commercial real estate service providers. With the Virtual Premise Global Real Estate Management System™, companies have a smart, easy way to collect, manage and report on complex real estate information from anywhere, at anytime. Based on .NET technologies and SAS 70 Type II compliant, Virtual Premise technology solutions include portfolio management, lease management, lease administration, project management, transaction management, and document management. Virtual Premise also offers a wide range of supporting services to include lease abstracting, document management services, data validation, due diligence support, and best practices consulting. For more information, call 404-267-1781 or visit www.virtualpremise.com.

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