Dallas, TX, November 07, 2009 --(PR.com
)-- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced the acquisition of Lease Cost Solutions Inc, the developers of LseMod, the industry leader in lease modeling and financial analysis software for the commercial, industrial and office real estate industry. Lucernex is acquiring LseMod to enhance the capabilities of the Lucernex Integrated Workplace Management System (IWMS), which currently helps numerous Fortune 500 customers save time and money across the entire property identification, development and asset management lifecycle.
With the acquisition of LseMod, Lucernex is uniquely positioned to offer richer, more robust software solutions to a larger network of end-users including corporate real estate professionals and commercial, industrial and office real estate brokers. Lucernex plans to market two different versions of LseMod’s products: a stand-alone version and one that is fully integrated within the Lucernex IWMS platform. LseMod’s staff will be retained by Lucernex Technologies to ensure continuity of service and all LseMod clients with current support agreements have guaranteed support from Lucernex.
“LseMod’s software capabilities and commercial real estate expertise ideally complement our leading-edge Integrated Workplace Management System (IWMS),” states Mike Nuzum, chairman of Lucernex Technologies. “Because the LseMod financial analysis products can be easily assimilated into Lucernex IWMS and rapidly deployed to the Web, current and future Lucernex and LseMod customers will quickly benefit from the expanded capabilities and increased functionality.”
Developed for corporate real estate and facilities management professionals as well as commercial, industrial and office brokers, LseMod’s financial analysis software products provide in-depth Cash Flow, Profit & Loss (P&L), EBITDA, and Before & After Tax analysis and asset comparison reporting to simplify decisions for lease vs. lease, lease vs. buy, sublease or sale/leaseback for domestic and international transactions. LseMod products provide analysis and reporting in any currency and include currency exchange rate conversions.
“The opportunity to join forces with Lucernex and to see our financial analysis products thrive as part of their larger IWMS platform was too compelling to pass up,” said James Duport, founder of LseMod. “All LseMod clients can rest assured that Lucernex is committed to providing the same high level of support and service they have come to expect. Additionally, Lucernex has the capabilities and commitment to evolve LseMod to the next level for the next generations of users.”
“The acquisition of LseMod fits with Lucernex’s strategy of acquiring software assets with a reputation for quality and customer satisfaction. We will continue to look for opportunities to add more quality offerings for our client base,” stated Joe Valeri, president and chief operating officer of Lucernex.
Lease Cost Solutions Inc., the developers of LseMod, is a privately held company based in Sunnyvale, California that develops and markets software products to the corporate and commercial real estate industry. Founded by James R. Duport, a Fortune 500 real estate manager, the company has established a diversified customer base of large and small companies who have realized the benefits of standardizing on one software platform to: analyze lease transactions; budget capital and expense costs; and evaluate occupancy scenarios domestically and internationally. For more information, visit www.LseMod.com.
Founded in 2000, Lucernex Technologies provides real estate developers and facility managers with powerful software tools to guide them through the real estate development process. For nearly a decade, Fortune 500 companies in the commercial real estate, hospitality, retail, construction and engineering industries, both in the United States and Europe, have been utilizing Lucernex Technologies software solutions every day to better manage the development lifecycle. As an innovative leader in Integrated Workplace Management System (IWMS) solutions, Lucernex continues to grow its customer base by applying its Web-based software expertise and real estate development insight to provide advanced tools and services for business. For more information, please visit www.lucernex.com.