SOURCE: VFA, Inc.

VFA, Inc.

June 16, 2009 08:00 ET

British Broadcasting Company Selects VFA to Audit and Strategically Manage Its Real Estate

Facilities Capital Planning Supports the BBC's Strategic Goal to Create a Digital Broadcasting Future

READING, UK--(Marketwire - June 16, 2009) - VFA, Ltd., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced an ongoing strategic relationship with the British Broadcasting Company (BBC). In October 2007, the BBC outlined its ambition to become the most creative organisation in the world through the delivery of "Creative Futures." This initiative covers five key themes for the organisation: quality and innovation, value to all audiences, on-demand, building a "Digital Britain," and becoming the most creative place to work. From a workplace perspective, BBC's responsibility is to provide safe and sustainable environments that are appropriate, flexible and cost-effective for the delivery of a digital future.

Prior to working with VFA, the corporation faced challenges in developing a long-term budget based on current data and future funding requirements. In addition to this, the BBC needed both an immediate and long-term view of funding requirements to assist in decision-making and the formulation of its Corporate Property Strategy. In 2008, VFA audited 127 properties across 48 campus sites in the U.K., and imported data for the rest of the estate -- a total of about 483 sites and 62,000 square meters. The organisation deployed VFA.facility® capital planning software as a Web-based, central repository of facility data to support the collection and management of a wide range of asset information that creates a unified planning environment to assist in critical strategic decisions. Today, VFA.facility is an integrated part of daily portfolio management.

"An organisation's facilities are one of its most significant assets, but managing the wealth of information related to those facilities and their various building systems is an ongoing challenge -- particularly for organisations with large and geographically diverse portfolios such as ours," said Gary Hills, Head of Capital Development, BBC. "With our goal of delivering a digital future, the BBC needs the capability to obtain detailed and comprehensive condition data that enables us to prioritise budgets and to forecast needs as far out as two decades, allowing us to prepare for future challenges and avoid unplanned expense."

With all facility data in one location, the BBC is able to gain a complete view of its overall portfolio -- by campus, asset or system. VFA.facility allows the broadcaster to track spending and allocation of funds, the impact on maintenance and repair, and the relation to capital expense. On a daily basis, linking and synching software applications allows facility managers to better pinpoint where dollars are allocated; by connecting work order and asset data/capital planning systems, an audit trail of expenses is created which can be used for both planning and reporting purposes.

"Facilities are not only a necessary business investment -- they are a vital component to achieving an organisation's mission and ensuring its future growth and success," said Jerry Kokos, CEO of VFA. "We are pleased to be able to support an organisation like the BBC in its effort to make facilities capital planning a critical aspect of their overall strategy."

About VFA, Ltd.

An operating unit of VFA, Inc., Reading, U.K.-based VFA, Ltd. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA solutions uniquely combine facility audit services, Web-based software and business consulting services to enable customers to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. More than 400 organisations in corporate, education, government and healthcare markets have relied on VFA solutions to strategically manage their capital assets. VFA's flagship software product, VFA.facility®, is currently used to manage more than 2 billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com/uk/index.htm.

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