SOURCE: Expesite

Expesite

September 24, 2010 07:55 ET

Expesite Acquires VisionFM of Toronto

COLUMBUS, OH--(Marketwire - September 24, 2010) -  Expesite, a leading project management solution company based in Columbus, Ohio, today announced the acquisition of VisionFM, a Canadian based facilities management and asset management software company. The company sees the acquisition of VisionFM as an essential element of Expesite's strategic evolution into an end-to-end platform solution for real estate development and facilities management. 

"We are excited to bring VisionFM's team, clients and solutions into the Expesite family. Vision's cutting edge Facility and Asset Management solutions are a perfect fit for the continued growth and development of our platform offering," said Jeff Sopp, CEO of Expesite. "This acquisition will not only increase Expesite's market share, but it will also provide our clients with a unified view for project management and facilities management. Today marks Expesite's evolution from a project centric platform to a program centric platform."

Since 1994, VisionFM's Computer Aided Facilities Management (CAFM), Computerized Maintenance Management Systems (CMMS) and Financial Information Management Systems (FIMS) solutions have provided a unified view of facilities management, asset management, space management and capital planning for the Healthcare, Education and Institutional Industries.

Chris Dodds, President of VisionFM, commented, "My team and I are excited to move forward as a part of Expesite. Our solutions are complementary to those of Expesite, and together we can offer a robust Integrated Workplace Management System for both existing and new clients of Expesite and VisionFM."

Chris Dodds will join Expesite's Senior Leadership Team as Senior Vice President of Facility Solutions, and he will manage day-to-day activities at Expesite's new regional office located in Toronto, Ontario. "Having a regional office presence in Canada is a great benefit and opportunity for Expesite," commented Sopp. "We will be better structured to service our existing Canadian clients and expand our markets throughout Canada."

For the past four years, Expesite has maintained its standing among Inc. 5000's fastest growing companies in the U.S. The company's financial strength has made it well positioned to invest in technologies that extend its current platform offerings. 

"The acquisition of VisionFM marks Expesite's second acquisition in two years. The first acquisition took place in 2009, with the acquisition of Report Hawk, a Software as a Service (SaaS), which provides daily job reports and weekly reporting solutions for General Contractors," said Sopp.

About Expesite:

Founded in 1999, Expesite is a privately held company headquartered in Columbus, Ohio. Expesite provides a secure project management application for multi-unit construction and real estate development. Over $6 billion in real estate activity moves through the Expesite system. Expesite fosters lasting relationships with some of the world's largest retailers, chain restaurants, banks and commercial real estate developers. Considered a world-class leader in both program and project management, Expesite streamlines communication and accelerates project delivery. To learn more about Expesite products and services visit their web site at www.expesite.com.

About VisionFM:

Vision Facilities Management Limited is a founder of today's Integrated Workplace Management Software concept. With its first software release in 1994, VisionFM combined database, drawing and reporting tools, revolutionizing the way companies manage their facilities. VisionFM continues to set the standard for facility management software with its wide range of modules and underlying technology. Today, with successful implementations in numerous industries, governments, school boards, hospitals, universities and organizations, growth is continuing, and VisionFM is now one of the most valued and sought after tools in the industry. For more information please visit http://www.visionfm.com.

About Report Hawk:

Founded in 2005, Report Hawk is an affordable pay-as-you-go web-based, collaborative project management tool for contractors, architects and construction managers. The system allows users to track construction projects from pre-construction through warranty stages. Report Hawk enables 24/7 communication with project teams and streamlines the building process to reduce costly errors, increase profits and deliver an exceptional user experience defined as "pure awesomeness." Report Hawk is a subsidiary of Expesite and is headquartered in Columbus, OH. The company supports projects throughout the United States and Canada. For more information please visit www.reporthawk.com.

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