Vitec Fastighetssystem AB

Vitec Fastighetssystem AB

May 19, 2009 03:00 ET

ibc Becomes Vitec's Reseller in the Netherlands

STOCKHOLM, SWEDEN--(Marketwire - May 19, 2009) - Vitec Fastighetssystem has signed an agreement with International Business Contracts Ltd. allowing them to sell Vitec's Energy Management Software System WebEss, in the Dutch market.

This is the first venture Vitec Fastighetssystem has undertaken since the recent announcement that they would be pursuing international expansion. The operational and competitive environment in the Netherlands provides an ideal first step in Vitec's expansion into the pan-European market.

Marcel Ros, director for ibc, says "after introducing property management systems in The Netherlands and having closely investigated the European market for energy management systems, ibc is confident that WebEss will be quickly adopted in the Dutch market." John Collison Director for ibc said that "ibc is pleased to have the opportunity to introduce the advanced WebEss system in the Netherlands and look forward to working closely with Vitec and build upon the successes achieved by Vitec in Scandinavia."

"The signing of our first Reseller in the Netherlands follows from Vitec's strategy to develop a network of partners throughout Europe on a step-by-step basis. We've had significant interest from the Dutch market where energy efficiency is a prominent issue. With ibc's experience in property management sales and high level customer service, we are convinced that ibc will be an excellent choice as our reseller in the Netherlands," says Tommy Hallberg, CEO Vitec Fastighetssystem.

International Business Contracts Ltd.

ibc provide international consultancy services for the real estate and finance sectors and energy management software solutions. ibc operate throughout Europe and South Africa and offer consultancy services relating to systems implementations.

Vitec Fastighetssystem AB

Vitec Fastighetssystem is the property based software subsidiary of Vitec Software Group. They offer integrated software solutions for property management, energy and environmental management, financial management and customer communication systems for property holders. Vitec Fastighetssystem has an annual turnover of over EUR 6 million.

For more information on ibc and WebEss please visit www.ibc-webess.com

For more information on Vitec Fastighetssystem please visit www.vitec.net

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