SOURCE: VFA, Inc.

January 11, 2007 09:37 ET

VFA Honors State of Missouri With 2006 CapStar Award

Missouri Office of Administration Recognized for Achievements in Implementing Strategic Capital Planning and Management Processes

JEFFERSON CITY, MI and BOSTON, MA -- (MARKET WIRE) -- January 11, 2007 -- VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, yesterday presented the State of Missouri's Office of Administration with the 2006 CapStar Award, VFA's annual customer award recognizing innovative application of software technology and business processes to support capital planning and management.

Missouri was selected from more than 300 VFA customers that have deployed VFA solutions, based on criteria including:

--  Innovation -- Does the solution demonstrate a leading-edge approach to
    capital management within the organization or industry?
--  Business Benefit -- Has the solution made a tangible impact on the
    organization through cost savings, operational efficiency or increased
    return on capital investments?
--  Bridge Building -- How effectively does the solution bridge a gap
    among different functional areas with the organization and its stakeholders
    involved in capital planning and management?
    
The award was presented to the Office of Administration by VFA President and CEO Jerry Kokos in a ceremony yesterday at the Missouri State Capitol. David Mosby, Director of the Division of Facilities Management, Design and Construction accepted the award on behalf of the Missouri Office of Administration. The ceremony was also attended by Missouri Governor Matt Blunt and members of the Office of Administration's Division of Facilities Management, Design and Construction.

"We are very pleased to be recognized for our initiatives to protect the State's investments in property assets, and to ensure that our facilities meet the needs of the public and the agencies that serve them today and in the future," said Mosby.

"We applaud the State of Missouri for its innovation, leadership and leading-edge approach to capital management," said Kokos. "The Office of Administration has consistently taken a proactive approach to working with other State agencies to manage Missouri's large and diverse portfolio of facilities, and to ensure they will effectively serve the State's needs over the long-term."

Missouri's Office of Administration manages a real estate portfolio of over 4,000 buildings, encompassing everything from office buildings and libraries to hospitals and correctional facilities. As part of its capital planning initiatives, Missouri has recently overseen the assessment of more than 32 million square feet of property, collecting detailed information about facility condition, maintenance and renewal requirements, and energy usage. Missouri has implemented a state-wide capital planning system, overseen by the Office of Administration, that supports the State in setting priorities for capital investments and developing state-wide capital budgets, and optimizing investments in facility maintenance and renewal. The State recently customized this system to automate the process of submitting capital improvement requests to the Governor's Office and State Legislature. The State has also embarked on an aggressive campaign to reduce overall energy consumption across its facilities, and use the savings to fund facility improvements.

These innovative approaches to capital management are enabling the State to detect potential facility problems early, reduce ongoing maintenance costs, and improve the longevity and utility of its capital assets.

About VFA

Headquartered in Boston, VFA, Inc. is the leading provider of end-to-end solutions for facilities capital planning and asset management. VFA's Capital Planning and Management Solution (CPMS™) uniquely combines facility assessment services, Web-based software and business consulting services to enable clients to manage every stage of the capital asset lifecycle -- from requirements gathering and long-term planning to capital budget creation and spend management. VFA has helped more than 300 organizations in corporate, education, government and healthcare markets to strategically manage more than two billion square feet of real estate. For more information, please call 800-693-3132 or visit http://www.vfa.com.

Contact Information

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