London (21th August 2008) – Manhattan Software, the world’s leading provider of real estate software, today announced it has been positioned by Gartner, Inc. as the leader in Integrated Workplace Management Systems Magic Quadrant report.

Gartner, Inc.’s Magic Quadrant positions vendors in a particular market segment based on their vision and ability to execute that vision. Manhattan is at the top of the Leaders Quadrant which according to Gartner, Inc. “leaders are vendors that are performing well today, have a clear vision of market direction and are actively building competencies to sustain their leadership position in the market.” IWMS is a software solution which provides project management, real estate and portfolio management, facilities and space management and maintenance management.

According to the ‘Magic Quadrant for Integrated Workplace Management Systems’ written by Gartner Analyst Jack Heine released on July 31, 2008, Manhattan Software is “One of the few true global IWMS vendors, with 18 offices supporting customers in 140 countries on five continents. Manhattan’s new release, Manhattan 7.0, is a standards-based implementation of Web 2.0 using Ajax. Manhattan’s IWMS suite now contains all IWMS functionality as defined by Gartner.”

Manhattan has increased its leadership position in this latest analysis.

“Being the leader on the Magic Quadrant is validation by the analyst community of our global strategy for real estate technology, said Steve Vatidis, CEO of Manhattan Software. “We have achieved this position by focusing on the customer and the advancement of technology applications across the entire life-cycle of real estate around the globe”.

About the Magic Quadrant
The Magic Quadrant is copyrighted 2005 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Raindrop Information Systems
Raindrop Information Systems is the world's largest privately-owned company dedicated to the development, implementation and support of fully-integrated and fully web-enabled global real estate and facilities management systems. With its heavy emphasis on research and development, quality assurance, system testing and customer support, the company has become a leading global provider of targeted software solutions for real estate managers, owners, investors and occupiers. Through its subsidiaries worldwide, the company has built a substantial high-quality user base of multinational organisations - many with multiple locations around the world. These blue-chip clients are leading players in a wide range of sectors - including retail, energy, telecommunications, investment, banking, finance and local and central government.

About Manhattan
The Manhattan suite of fully integrated and web-enabled property software comprises 30 modules designed to meet the requirements of large investors, occupiers, asset managers, and corporate and government occupiers.

Manhattan provides a unique business advantage across all sectors of the property industry by delivering fully integrated property management, asset management, facilities management and financial software in a single suite.

The system offers the highest level of advanced functionality, whilst being highly flexible and easy to use. It allows fast retrieval of the information users need, when they need it.

Manhattan can be installed at clients’ sites as part of their IT infrastructure, or through Raindrop’s Application Service Provision (ASP) service (with all property, asset and facilities management functionality available on an ASP basis).

The Manhattan ASP service offers the FlexASP® option which uniquely enables clients to opt for service components that meet their specific requirements.

For further Information:
Ben Gardner
Manhattan Software
+44 (0)20 7269 8500
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