Lucernex Technologies Hires Ken Brown as CIO and Executive Vice President, Product Management and Development

Lease Administration Software Pioneer Joins Real Estate Intelligence Software Developer

Dallas, TX, November 21, 2009 --( Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, announced today that it has hired Ken Brown as CIO and executive vice president of product management and development. In this role, Brown will oversee the development of all Lucernex applications including the Lucernex Integrated Workplace Management System (IWMS), which is currently managing hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries, and Lucernex LseMod, which provides in-depth lease analytics for hundreds of corporate real estate executives and real estate brokers worldwide.

Brown joins Lucernex from Accruent, Inc. where he served as director of corporate solutions for three years. An expert in compliance, lease accounting and business intelligence/analytics applications, Brown was founder, president and CEO of National Facilities Group in Chicago from 1990 to 2005. National Facilities Group is known as one of the nation’s first providers of lease administration software systems in the real estate industry.

“Ken is well known in our industry as having developed the first – and still one of the best – lease administration products, SLIM, for the corporate and retail markets,” said Joe Valeri, president of Lucernex Technologies. “We are honored to add him to the Lucernex team and given his expertise we are looking forward to his influence on our application suites.”

“I have known the people at Lucernex for many years and I am excited to now be a part of the company and to help take its products to the next level,” said Ken Brown. “Lucernex IWMS incorporates the best features of most of the leading products on the market and offers one comprehensive solution.”

Brown has immediately impacted Lucernex by playing a major role in the company’s recent acquisition of Lease Cost Solutions and the LseMod product.

“LseMod is the industry-leading lease analytics toolkit with specialized offerings for commercial brokers and corporate real estate departments. We will continue to expand its capabilities and integrate the power of LseMod into Lucernex IWMS to maximize its potential,” said Brown.

“By helping us close the acquisition of LseMod, Ken has already proven that his contributions to Lucernex will be vital as we continue towards our goal of adding quality product and service offerings to become the market leader in real estate business intelligence software,” said Mike Nuzum, chairman of Lucernex Technologies.

First developed in 2000 and currently in use by numerous Fortune 500 companies, the Lucernex IWMS platform addresses the unique needs of companies with multi-site, rapidly changing real estate portfolios. The solution can be used to manage corporate real estate of any type and also offers market-specific functionality for the retail, restaurant and hospitality sectors. Available in both Enterprise and Standard versions, Lucernex IWMS makes it possible for all real estate management resources to openly communicate and keep all projects on time and within budget. Enabling this kind of integrated communication will ultimately reduce costs, improve productivity, enhance operational efficiency and increase profitability.

About Lucernex
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.

Lucernex Technologies
Diana Creasy