BOSTON, MASSACHUSETTS (October 05, 2005). At the 2004 CoreNet Global
Award Presentations, hosted again by Harvard University, Vivum Group LLC's Vista
application was an Award Finalist for the CoreNet Global Innovators Award. The Innovation
Award recognizes service providers who have produced a new idea or application in
a corporate real estate context and seeks to identify innovative practices that
can be applied immediately by CoreNet Global members. Vista was proposed for the
award by one of Vivum's clients, Land Securities Trillium (LST), which relies on
the system for asset management and financial modeling, including using Vista to
conduct its planning and budgeting processes.
Vista is a comprehensive commercial real estate asset management tool, allowing
users to model each property on its own and to review the aggregate effects of modeling
changes in real time. Other system benefits include increased control of data and
the ability to effectively compare different modeling scenarios. "It's a real-time
financial model and engine," said LST's Information Systems Project Manager Wendy
Antaw. Vista also allows for continuous reforecasting, improved data quality, enhanced
data accessibility, and effective performance management. "Through enhanced transparency,
efficiency and scalablity, business needs are converted into reality," Antaw added.
"For several years, we at Vivum have been confident our experience in the commercial
real estate industry would translate into innovative products that would help our
clients outperform" said Fitz Lee, Vivum's Chief Executive Officer. "Having Vista
recognized by CoreNet is testimony to the fact that we are bringing this goal to
reality," Lee noted.
CoreNet Global promotes industry learning and best practices among its 7,500 members
in the commercial real estate industry. Now in its fifth year, the Global Innovator's
Award recognizes the most innovative practices in corporate real estate and excellence
in the strategic management of corporate real estate.
Land Securities Trillium is a division of Land Securities, a FTSE 100 company and
a leading company in the UK's commercial property industry for more than 60 years.
LST is the market leader in property outsourcing and uses Vista to manage approximately
2,000 properties with annual revenues in excess of $1 billion.
Vivum Group LLC, founded in 2001, is a privately held corporation that develops commercial real estate asset management and finance software solutions. The company is headquartered in Vienna, Virginia. Vivum's mission is to develop intuitive, sophisticated software for the commercial real estate sector, bringing user-friendly technology solutions to decision-makers so they have access to the data they need to make lasting and substantial improvements in their property portfolios and performance.