Redwood City, Calif., and Alexandria, Va., - November 28, 2000 - Corrigo, Inc., a leader in mobile service management solutions for organizations with extensive installation, maintenance and repair functions, and Realeum Inc., a leader in Web-based, property and portfolio management software, today announced their alliance to provide the first fully scaleable, enterprise-wide wireless property management solution.
The resulting platform delivers a complete work management system that enhances property revenues, reduces costs, drives superior customer service, and improves operating efficiencies for multi-family real estate property owners.
Realeum, an industry-founded technology company with a subscriber base of over 150,000 apartment homes, provides Web-based property and portfolio management tools to facilitate leasing and resident relationship functions, special service management, billing and accounts receivable, and more. Corrigo integrates the Web, wireless devices and leading-edge technology to connect residents, maintenance technicians, vendors, and property management to provide real-time control over asset performance, customer service, staff productivity and supplier management.
"Realeum recognizes the positive impact that Internet and wireless technologies can have on management, maintenance, and customer service functions," said Rick Michaux, president of Corrigo. "Corrigo's distinctive solution enables real-time access to information, exploiting the true benefits of wireless applications. Combining Corrigo's wireless mobile service management solution with Realeum's enterprise-caliber workflow optimization application is the best of both worlds -- and will significantly improve property management operating efficiencies."
"The fundamental economics of apartment management and operations are shifting," says George M. Fandos, chief customer officer of Realeum. "Fast, efficient customer service is now more important than ever. The Corrigo-Realeum alliance provides an enterprise-wide solution that combines accurate, real-time data with wireless communication devices for the most rapid customer response the apartment business has ever seen. This is a truly unique approach in this marketplace."
The Corrigo-Realeum alliance illustrates both companies' emphasis on the value of integrating leading technologies to provide property owners/operators with flexible, comprehensive solutions that completely integrate to streamline onsite operations, increase efficiency, create new revenue streams and position the multi-family real estate industry to begin reaping the rewards of the new economy.
About Corrigo
Corrigo Inc. provides Web-based solutions that drive improvements in customer satisfaction, staff productivity, asset performance and vendor management. These mobile service management solutions apply groundbreaking innovations in wireless technology and the Internet to enable operational improvement in organizations with extensive installation, repair and maintenance functions, including property management, facilities management, residential and building services, and equipment and appliances services.
Corrigo leases its solutions over the Web and via wireless services, minimizing customers' up-front investment and optimizing opportunities for growth. Corrigo delivers a solution that enhances the entire service delivery process, including implementation tailored to particular business processes, training of employees and 24/7 customer support. Corrigo continues to develop market-driven solutions and services and pursue alliance opportunities with strategic partners. Corrigo is headquartered in Redwood City, California. More information on Corrigo is available at www.corrigo.com.
About Realeum
Realeum, an industry-founded technology company, delivers Web-based technologies to the real estate industry. Realeum's Web-based property and portfolio management tools empower real estate decision makers to optimize their customer, financial and employee assets, laying the foundation for successful participation in the emerging Digital Marketplace.
Realeum's flagship product, Realeum FoundationTM, is an enterprise technology solution that is more than traditional property management software. By leveraging technology to facilitate leasing and resident relationship functions, special service management, billing and accounts receivable, Realeum FoundationTM enables apartment companies to transform onsite operations systems from legacy applications to new economy, Web-based solutions.
Realeum is supported by several of the leading venture firms and apartment companies in America, including Venrock Associates, Carlyle Venture Partners, Internet Realty Partners, ABP-US Investments, AvalonBay Communities (NYSE/PCX:AVB), United Dominion Realty Trust (NYSE:UDR) and Post Properties (NYSE:PPS). For additional information about Realeum or its products, visit the company's Web site at www.realeum.com.
Corrigo and CorrigoNet are trademarks of Corrigo, Inc. Realeum and Realeum Foundation are trademarks of Realeum, Inc. All other company and product names are trademarks of their respective owners.
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Media Contacts:
Maya Babish Ralph Altman
Corrigo, Inc. Realeum
(650) 306-1431 (703) 317-5172
mayab@corrigo.com ralph_altman@realeum.com
Elaine Rasmussen Amy Jobin
Corrigo, Inc. PR 21 for Realeum
(650) 503-2892 (312) 396-9724
elainer@corrigo.com amy_jobin@pr21.com
Kelly Major (for Corrigo) Mari Fran Schechtman
Cunningham Public Relations PR 21 for Realeum
(303) 376-7273 (312) 396-9793
kmajor@cunningham.com marifran_schechtman@pr21.com
Ron Heckmann (for Corrigo)
Gallen Associates
(925) 930-9849
ron@gallen.com