Scandent Solutions partners with BIGeREALESTATE Inc., a Cushman & Wakefield Company

Scandent Solutions Corporation Ltd on July 13, 2006 has announced that it had signed a Memorandum of Understanding (MOU) with Cushman & Wakefield and BIGeREALESTATE, Inc ("BigE"), a subsidiary of Cushman & Wakefield.

Under the terms of the MOU, BigE, Cushman & Wakefield and the Company will jointly develop a new generation technology platform for real estate management. The product will cover areas such as Portfolio Management (lease administration, document management), Workplace Management (call center services, maintenance scheduling, preventive and predictive maintenance), Project Management (project finance, bidding, vendor management and more) and Space Management (occupancy analysis, allocation plans). The Company will assume overall management responsibility of BigE and purchase a stake in the firm. It will embark on creating a modern application that is architecturally superior to what is available in the market and execute on a new go-to-market strategy to promote the BigE offering.

"BigE parentage is excellent and its products are used by world class Companies such as Adobe, MetLife and Novell among others. We will now be engaged in a significant code enhancement exercise even as we forge a new go-to-market strategy with the Company," said Dilip Keshu, Company´s chief strategy and corporate development officer, "As a co-owner with Cushman & Wakefield in BigE, we expect to create a nice niche application that will do more for existing and prospective clients. Cushman & Wakefield´s domain knowledge and our technical expertise will add to the strengths that BigE already possesses."

Source : Equity Bulls

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