SOURCE: VFA, Inc.

April 17, 2007 09:00 ET

VFA Joins Open Standards Consortium for Real Estate

Provider of Facilities Capital Management Solutions Promotes Common Real Estate Software Standards and Interoperability

BOSTON, MA -- (MARKET WIRE) -- April 17, 2007 -- VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced it has joined the Open Standards Consortium for Real Estate (OSCRE) to help promote common software standards for the real estate industry. Melanie Ziegler, vice president of software development for VFA, will serve as a member of the OSCRE Facilities Management Workgroup, a sub-group focused specifically on building operations and maintenance, safety and security.

"We are pleased to welcome VFA as a supporting member of OSCRE," said Andy Fuhrman, CEO of OSCRE. "We look forward to its contribution to promoting open format standards for sharing information about real estate assets across multiple software applications."

"As a provider of enterprise-level software solutions, VFA recognizes the importance of OSCRE's mission to enable multiple software systems to seamlessly exchange data about real estate assets through the use of common standards," said Jerry Kokos, President and CEO of VFA. "The adoption of OSCRE standards will provide tangible benefits for our company and our clients by shortening development cycles, reducing the complexity of systems integration, and helping organizations better leverage the strategic value of information about real property assets."

About OSCRE America

The Open Standards Consortium for Real Estate (OSCRE) is a 501(c) 6, non-profit organization of industry leaders driving development and adoption of e-business standards using the OSCRE Standard™ an electronic data exchange model. OSCRE supports the real estate supply chain, representing stakeholders who use real estate as either an Investment, by investors, owners, brokers, and advisors who buy and sell assets as their core business; or a Resource, by owners, operators, and tenants who manage or use the portfolio of space as a facility. See www.oscre.org.

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 customers 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 350 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