BOSTON, MASSACHUSETTS (October 19, 2005). Vivum Group LLC addressed the Information Management Committee at the 2005 NCREIF Conference in Boston today. Vivum's presentation centered on a discussion of its VISTA application, particularly the most innovative functionality, including the ability to build scenarios comparing different model assumptions in real time.
The Vista platform is Vivum's flagship product; a web-based, comprehensive asset management, budget forecasting, financial modeling and performance management application. Among Vista's distinctive features is enabling clients to model each asset in their portfolio with different assumptions to create "scenarios." This allows the asset manager to test various assumptions to determine the feasibility of a particular financial or transaction structure. Vista also allows managers to immediately access data to create reports and analyze performance in real time.
"We entered this market in order to bring new technologies to bear in the real estate industry and to fill gaping holes in the technology solutions available to commercial real estate investors," said Fitz Lee, Vivum's Chief Executive Officer. "Vista is the product of several years of hard work and innovative thinking to combine our commercial real estate knowledge and cutting-edge technologies to provide our clients with sophisticated, yet easy to use solutions," added Mr. Lee. "We are confident Vista will set the standard for the commercial real estate industry for years to come," continued Lee.
The National Council of Real Estate Investment Fiduciaries (NCREIF) is an association of institutional real estate professionals established to serve as a non-partisan collector, processor, validator and disseminator of real estate performance information. Produced quarterly, the NCREIF Property Index (NPI) is used as an industry benchmark to compare an investor's own returns against the industry average.
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.