London (14th October, 2004) – Manhattan Software today announced that the company would  work with the Open Standards Consortium for Real Estate (OSCRE) to develop interoperable data  exchange standards in an effort to improve the flow of information throughout the Real Estate supply chain.  

Manhattan is the leading global corporate real estate, facility and asset management system utilised by many global companies and governments.  These are two groups which have grown significantly in the last year, with many recognitions coming from industry professional organisations.  Manhattan was recently listed as one of the top 500 Software Companies in the world (www.softwaremagazine.com), while OSCRE recently received the Realcomm Digie Award for the most innovative technology created for real estate transactions.  Digie Awards are given to those firms and individuals who have demonstrated a commitment to advancing the real estate industry through the strategic use of technology and automation.

“Manhattan Software is pleased to be able to now work more closely with CEO Andy Fuhrman and his prestigious leadership team in advancing the standardisation efforts around the world for the real estate and facilities industries”, says Nick Moore, President of Manhattan Software. “The OSCRE membership expands the standards work we have done with PISCES in Europe, as well as what we have been working on in Asia. Besides implementing a number of large, global Integrated Workplace Management Systems (IWMS) this year, Manhattan has embarked on an ambitious research program.  We are focusing on each industry’s pain points and investigating how these problem areas can be positively impacted by the corporate real estate group.  We are making sure companies can use our IWMS tools to drastically reduce occupancy costs while increasing the productivity of both in-house and outsourced service providers.  The OSCRE standards work will greatly increase our efforts.”

“We are very pleased to have Manhattan as a supporting member of OSCRE. In addition to their  participation in standards development, movement of data in and out of Manhattan products will help further  extend interoperability to other stakeholder operations and their respective technologies thereby reducing  cost of operations and deployment speed for the Owner, Operator, and Investment community”, said  OSCRE CEO Andy Fuhrman.  OSCRE was created in 2003 and includes membership from corporations, federal agencies, service providers, real estate brokers, professional organisations, appraisers, as well as software vendors and suppliers.

About OSCRE America
The Open Standards Consortium for Real Estate (OSCRE) is a 501(c) 6, non-profit organisation of industry leaders driving development and adoption of e-business standards using the OSCRE Standard TM an electronic data exchange model. OSCRE supports the real estate supply chain, representing stakeholders who use real estate as either an Investment, by investors, owners, brokers, and advisors who buy and sell assets as their core business; or a Resource, by owners, operators, and tenants who manage or use the portfolio of space as a facility. 

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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