SOURCE: VFA, Inc.

November 17, 2008 09:00 ET

VFA and Bricsnet Team Up to Provide Comprehensive Solution for Capital Planning and Workplace Management

Integrated Approach Increases Facility and Workplace Efficiency for Organizations With Large Real Estate Portfolios

BOSTON, MA and SAN FRANCISCO, CA--(Marketwire - November 17, 2008) - VFA, Inc., the leading provider of software and services for facilities capital planning and asset management, and Bricsnet, a leading provider of solutions for executive decision support and strategic planning in real estate, today announced a strategic alliance designed to help clients improve operating efficiencies and long-term planning for their real estate portfolios. Together, VFA and Bricsnet offer organizations with large, complex real estate portfolios a comprehensive solution for facilities planning and management, with sophisticated decision support tools for enhanced financial intelligence.

The combination of the best-in-class facilities capital planning and budgeting capabilities of VFA.facility® and the comprehensive facilities and real estate management functionality in Bricsnet Enterprise provides organizations with the strategic insight to optimize their real estate portfolios.

The Capital Budgeting capability within VFA.facility enables organizations to define capital budget strategies and project priorities, which can then be managed through Bricsnet Enterprise's work order and project management modules. In addition, the combined functionality of VFA.facility and Bricsnet Enterprise will allow organizations to better understand the total cost of facility ownership. With a comprehensive understanding of daily maintenance and operations, asset condition and long-term capital planning information, clients can ensure that their capital plans and projects align with the strategic real estate goals of the organization.

With access to critical information about asset cost, utilization and value across the portfolio, capital planners can more accurately evaluate new acquisitions and major repairs or renovations. Organizations can create a more efficient capital planning and budgeting process and reduce capital expenses.

"Through this partnership, Bricsnet is leveraging VFA's leadership in facilities capital planning, which truly complements Bricsnet's unique value to our customers," said Bricsnet Chairman and CEO, Hector Rodriguez. "This combination gives organizations the information they need to make more informed decisions about real estate investments, capital improvements and compliance."

"Bricsnet's solutions allow VFA to extend the capabilities it offers clients in facilities asset management and capital planning to include a best-in-class solution for strategic real estate management," said VFA President and CEO, Jerry Kokos. "These capabilities will enhance the value we can provide to clients across a wide range of industries, including corporate, government, education, healthcare, pharmaceuticals and other markets."

About Bricsnet

Bricsnet's business was founded in 1986 and helps large corporations improve profits by more effectively managing all aspects of their workplace (including buildings, land, space, people, assets, and systems). Bricsnet Enterprise and Bricsnet Retail, leading Integrated Workplace Management Systems, provide fast, pragmatic and innovative solutions to increasing shareholder value. Bricsnet ProjectCenter provides easy-to-use, powerful online collaboration and workflow for management of large and small projects. For more information, contact Bricsnet at 415-321-2650 or visit www.bricsnet.com.

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA solutions uniquely combine facility assessment 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. Over 400 organizations 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.

VFA.facility is a registered trademark of VFA, Inc. All other logos, company and product names may be trademarks or registered trademarks of their respective owners.

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