Software will be first to support the new guidelines in the Lease Analysis and Lease Administration markets.

Dallas, TX -- (SBWIRE) -- 11/05/2010 -- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it has created a CPA-verified, upgraded financial engine that will soon be available within its lease analysis and lease administration solutions. Lucernex' upgraded financial engine is the first available in the IWMS and lease administration software industries that is compliant with the expected changes to the Financial Accounting Standards Board (FASB) rules for lease accounting. The capabilities of the new financial engine will include enabling users to compare the financial impact of the expected new FASB rules to the financial impact of the current rules.

"Once the new FASB rules go into effect, any company using a lease administration solution will need to update its software in order to stay compliant," said Joe Valeri, president, Lucernex Technologies. "At Lucernex, we have labored to develop the core formulas that will enable our products to address these new rules and we have had them CPA verified to ensure accuracy. This upgrade will allow us to offer customers a smooth and easy transition from their old software to help them stay ahead of the changes by updating their lease accounting practices."

Lucernex will incorporate its upgraded financial engine within the next generations of Lx LseMod Corporate, its site selection lease modeling and financial analysis software, and Lx Contracts, its lease administration and contract management software. All Lx LseMod Corporate and Lx Contracts users can upgrade by early 2011.

Joe Valeri and Jim Duport, Lucernex's lease financials expert, will be discussing the creation of the upgraded financial engine, as well as the expected impact of the FASB rule changes on lease accounting practices and software, in greater detail regularly over the next few months on the Lucernex Executive Blog. For the latest product and industry news from Lucernex, please visit http://www.lucernex.com.

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 and lease administration 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 http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

George Gallagher will drive sales of real estate intelligence software to western United States

Dallas, TX -- (SBWIRE) -- 05/20/2010 -- Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has hired George Gallagher as director of business development. In this position, Gallagher will oversee sales of the Lucernex suite of Location Performance Management solutions to corporate and retail real estate executives in the western United States.

Gallagher joins Lucernex with over 25 years of blended experience in sales, commercial real estate and technology. He was previously the national director of sales for Compendia, Inc., a provider of information solutions for homebuilders and homeowners. From 2004 – 2006, he was vice president for Fraser Williams Americas, a firm specializing in corporate real estate database services. While there, Gallagher facilitated a major merger that grew the company into one of the largest corporate real estate-focused software firms. Prior to that, he served as a vice president for commercial real estate information services' provider COMPS.com, and after the company was acquired by CoStar Group, Inc. in 2000, Gallagher led the integration of the two companies' product lines and went on to fill various sales and director roles at CoStar Group until 2004.

At Lucernex, Gallagher will focus on the western United States and will be responsible for driving sales of Lx IWMS, Lucernex's affordable integrated workplace management system; Lx Contracts, Web-based lease administration and rent accounting from the creator of SLIM; and Lx LseMod, the market leader in site selection and portfolio optimization financial analysis solutions for corporate and commercial real estate.

"In 2010, we are committed to growing our company through sales, and bringing on a sales professional of George's caliber to focus solely on the western states is another key part of that effort," said Mike Nuzum, chairman and CEO of Lucernex Technologies. "George has an extensive background in the corporate real estate industry with an ideal combination of sales and technology expertise that is sure to make him a valuable member of the Lucernex team."

"I am excited to join Lucernex, an established and growing technology leader," said Gallagher. "Their distinguished roster of clients is ample evidence of the measurable value and efficiencies Lucernex products and services provide."

About Lucernex Technologies
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 http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

James Short joins Real Estate Intelligence Software Developer

Dallas, TX -- (SBWIRE) -- 05/20/2010 -- Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has hired James Short as director of client services. In this position, Short will oversee support of the company's growing worldwide client base of corporate and retail real estate executives who utilize the Lucernex suite of Location Performance Management solutions.

Short has over 20 years of corporate real estate experience. He has previously worked as director of client services for National Facilities Group, Inc. and training manager for Accruent, Inc. where he specialized in implementations of the SLIM lease administration product and its applications.

In his new role, Short will lead implementations and support of Lx IWMS, Lucernex's affordable integrated workplace management system and Lx Contracts, Lucernex's new Web-based lease administration and rent accounting tool designed by the original creator of SLIM.

"James is a welcome addition to our team as we continue to expand the lease administration capabilities of our products," said Joe Valeri, president of Lucernex Technologies. "With our recent launch of Lx Contracts, we now offer the most affordable and complete Web-based lease administration product on the market, and James' experience makes him the ideal person to lead both our current and new customers through the upgrade process."

"Lucernex has an excellent development strategy for its Lx IWMS and Lx Contracts solutions, and I am looking forward to assisting in the company's product development and helping to achieve its potential growth," said Short. "I intend to use my experience to help Lucernex's customers utilize technology to manage their real estate portfolios and achieve their best possible ROI."

About Lucernex Technologies
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 http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Companies agree to partnership that enhances facilities management capabilities of Lucernex’s products for real estate professionals

Dallas, TX -- (SBWIRE) -- 05/10/2010 -- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it has entered into a partnership with Drawbase Software, a leading worldwide supplier of integrated building design and facility management information systems. Under the partnership, Lucernex will now offer its affordable integrated workplace management system, Lx IWMS, with integrated computer aided facility management (CAFM) and building infrastructure management tools from Drawbase.

"Licensing the Drawbase software makes Lx IWMS even stronger as it will allow us to seamlessly integrate the most advanced facility and building infrastructure management solution on the market," said Joe Valeri, president of Lucernex Technologies. "In addition to all of its other features that streamline day-to-day business operations for corporate real estate professionals, our users will now have access to the best facilities management capabilities available working inside of Lx IWMS."

With Drawbase integration, all current and future Lx IWMS customers will have access to new features dedicated to space management, space planning, space utilization, move management, datacenter management, building infrastructure management, occupancy tracking, capacity planning and lock and key management.

Lx IWMS is currently used to manage the entire property development and asset management lifecycle for hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries. Designed to serve as a single, comprehensive location-centric database, Lx IWMS streamlines key processes such as site identification and analysis, pro forma lease cash flow analysis, scenario planning, site development, construction, procurement, grand opening, lease administration, portfolio optimization, property disposition and capital or remodeling project management.

"At Drawbase, we pride ourselves in offering the best in building design and facility management information systems, and partnering with Lucernex Technologies gives us an opportunity to reach an expanded client base," said Evan Kontos, CEO of Drawbase. "Lucernex is known for its quality corporate real estate management tools and great customer service, and the integration of Drawbase technology enables them to provide their clients with an even more robust and comprehensive solution."

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. For more information, please visit http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Howard Zola Heads up Sales Team for Real Estate Intelligence Software Developer

Dallas, TX -- (SBWIRE) -- 05/04/2010 -- Lucernex Technologies, a developer of business intelligence software for real estate management and development, announced today that it has promoted Howard Zola to vice president of U.S. sales. In this position, Zola will lead the company's domestic sales efforts for its suite of Location Performance Management products for the corporate and retail real estate industry.

Zola will be responsible for continuing to grow the overall sales of Lx IWMS, Lucernex's affordable integrated workplace management system; Lx Contracts, Web-based lease administration and rent accounting from the creator of SLIM; and Lx LseMod, the market leader in site selection and portfolio optimization financial analysis solutions for corporate and commercial real estate. Lucernex's solutions are currently in use by hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries, as well as hundreds of corporate real estate executives and real estate brokers worldwide.

Zola brings over 20 years of technology and sales experience to the Lucernex team. He served as the vice president of major account sales for Comps.com, the online commercial real estate data provider that is now owned by CoStar Group. He moved on to become the chief operating officer and vice president of sales and marketing at WorkplaceIQ, where he led the effort to acquire the Siteseer lease administration software. Zola also served as principle of his own consulting firm which specialized in supporting the adoption and implementations of technology within the commercial and corporate real estate and facility management industries.

Most recently, he was the vice president of sales and business development at House Party, Inc. before joining Lucernex as a sales associate in November 2009.

"Since joining our team last year, Howard has been an integral part of Lucernex's recent success as he has previously worked with many of the major players in the commercial real estate market," said Joe Valeri, president of Lucernex Technologies. "Our main goal in 2010 is to focus on the growth of our new lease administration product, Lx Contracts, and IWMSCloud, our cloud computing delivery of Lx IWMS. Howard possesses all of the necessary capabilities to lead this effort."

"I am thrilled to have the opportunity to continue to expand Lucernex's sales efforts for Lx IWMS, Lx Contracts and Lx LseMod," said Zola. "These products are the best in the industry and I intend to continue working with potential customers to prove the value and show them how Lucernex's suite of products will make them more efficient and profitable."

About Lucernex Technologies
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 http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Lease Administration and Contract management software solution designed by the creator of SLIM lease administration application

Dallas, TX -- (SBWIRE) -- 03/30/2010 -- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced the release of Lx Contracts, a lease administration and contract management software solution designed for corporate and retail real estate organizations. Lx Contracts acts as a single database to more efficiently and accurately manage the leasing process for organizations with portfolios consisting of multiple properties – both locally and internationally – as well as carefully manage all other related agreements involving at least two parties, contract terms and payments. The new product will be offered as a standalone solution and as the newest module of Lx IWMS, Lucernex's integrated workplace management system currently used to manage hundreds of thousands of locations in the global retail, hospitality, engineering and construction industries.

Lx Contracts was designed by Lucernex Executive Vice President Ken Brown, who is also the original creator of the Strategic Lease Information Management (SLIM) software, one of the most widely-used lease administration products in the market. Where SLIM and other similar products do a good job of managing leases, Lx Contracts is designed to handle any type of agreement for leased or owned locations and is tightly integrated into Lucernex' single platform and architecture. This includes support for the recently acquired LseMod product, now called Lx LseMod which allows you to set up pro-forma contracts and cash-flow analysis to ensure that each agreement you ultimately put into Lx Contracts maximizes your ROI. Unlike the legacy lease administration products still widely used, Lx Contracts is a fully web-based system that offers an easier integration of documents and improved access to and sharing of information; data distribution, navigation and reporting.

"We created Lx Contracts to be a turnkey solution that will provide a centralized, complete set of data that spans the entire lifecycle of every property in a customer's portfolio," said Ken Brown, executive vice president, products, Lucernex. "This tool is the natural upgrade for anyone who is currently trying to manage their corporate portfolios on multiple Excel spreadsheets or on other older technologies that no longer meet their needs or are no longer supported." Lucernex will offer a free, pre-built data conversion upgrade path for current SLIM users and discounted professional services for upgrading from common market tools like SLIM, REM or Siteseer.

The key features & benefits of Lx Contracts include:

• Instant access to the entire real estate portfolio, including site/location, project, facility and related contract details

• Based on the industry standard data model published by OSCRE

• Management of any type of agreement involving two or more parties, contract terms and payments, including real estate leases, service agreements, equipment leases, rental agreements, etc.

• Integrated financials including accounts payable, accounts receivable, expense allocation, expense recovery and auditing

• Integrated calendar with critical date alerts via email and dashboard

• Integrated document management with drill-down capabilities for data spanning the entire real estate lifecycle

• Integrated lease analysis with comparative cash flow analysis and scenarios

• In-depth management reporting with advanced querying and exporting capabilities

• Free data conversion for current SLIM users

"As technology in the real estate industry advances, it is becoming more and more necessary for corporations and retail organizations to upgrade their software tools – not just to improve their portfolio management, but also to comply with evolving government standards," said Joe Valeri, president, Lucernex. "By upgrading to Lx Contracts, customers will receive the most affordable and complete solution available, designed by the pioneer of lease administration software and maintained by Lucernex's dedicated product support team."

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. For more information, please visit

http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Companies agree to partnership that provides comprehensive software solutions with integrated prediction modeling to real estate professionals.

Dallas, TX -- (SBWIRE) -- 03/22/2010 -- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that it has entered into a partnership with Buxton®, the industry leader in customer analytics. This new partnership will provide clients of Lucernex and Buxton® with a wider array of software solutions that both manage the real estate lifecycle process and provide detailed financial models for customer behavior.

"We are pleased to announce this partnership that will mutually benefit Lucernex and Buxton clients by providing a web-based real estate software solution with integrated GIS, mapping and customer analytics from the best prediction modeling company in the business," said Joe Valeri, president of Lucernex Technologies. "Thanks to this new alliance, real estate professionals will be hard-pressed to find a more comprehensive, effective solution than the one we are offering."

This new partnership with Buxton®, combined with the recent acquisition of LseMod, has enabled Lucernex to achieve its long-term strategic goal of offering its clients products that provide site by site return-on-investment indicators so they may make the best possible site, location and lease decisions. The alliance also extends Buxton's real estate modeling capabilities to any of Lucernex Technologies' clients who are seeking new business opportunities for existing products and services.

"Partnering with Lucernex allows Buxton to offer its clients software solutions to better manage the real estate development lifecycle," said Charles Wetzel, president and chief operation officer of Buxton. "This unique software tool addresses real estate development and location management from the top down which is something we're pleased to be able to offer our client base."

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. For more information, please visit http://www.lucernex.com.

About Buxton
Since 1994, Buxton® has been the industry leader in customer analytics for the retail industry. Its focus now includes healthcare organizations, consumer packaged goods manufacturers and city governments. Buxton® draws from its individual- and household-level data to determine lifestyles and buying habits to clearly identify an organization's best customers and find more like them anywhere in the U.S. Among its 1,900 clients are retailers Weight Watchers, New Balance Shoes, Sally Beauty Supply and West Marine.

For more information, visit http://www.buxtonco.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Lx IWMS offers a natural migration from Accruent at lower cost

Dallas, TX -- (SBWIRE) -- 01/25/2010 -- Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, announced today that it is offering discounted subscription fees and fixed-price implementation of its Lx IWMS workplace management solution to anyone wishing to transition from Accruent's SLM and IWMS products following Accruent's announcement that it has been acquired by Vista Equity Partners.

Lx IWMS from Lucernex Technologies is the most comparable solution to Accruent currently on the IWMS market and offers a higher level of functionality as well as the most natural and lowest-priced migration path. The core of Accruent's IWMS solution (previous called Store Lifecycle Management), was licensed from Lucernex in 2004 and has been installed as part of Accruent's solution by dozens of large retailers.

"As the former CTO of Accruent and designer of the Lucernex solution, I think there is no doubt that Lucernex is best positioned to enable a smooth migration for any Accruent retail client," said Joe Valeri, president of Lucernex. "We want to make sure that any client using any part of our software is satisfied with their investment."

"In addition to the IWMS solution, many of Accruent's clients are using legacy client-server based lease administration products such as SLIM, REM and RetaiLease and are looking for a web-based replacement. I am confident that any Accruent client that switches to Lucernex will be happy with the transition and will find the Lucernex team to be more responsive to their needs and willing to work with them to ensure success," said Ken Brown, Lucernex's executive vice president of product development and the original designer of the SLIM Lease Administration System.

First developed in 2000 and currently in use by Fortune 500 companies, the Lucernex Lx 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 Editions, Lucernex Lx 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.

To learn more about Lx IWMS, please contact Lucernex Technologies at 972-403-7100 or visit http://www.lucernex.com.

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. For more information, please visit http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

Lease Administration Software Pioneer Joins Real Estate Intelligence Software Developer

Dallas, TX -- (SBWIRE) -- 11/20/2009 -- 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. For more information, please visit http://www.lucernex.com.

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm