Restaurant Company Implements Web-based Store Lifecycle Management Product Suite to Manage its Jack in the Box® Real Estate Portfolio
Dallas, TX (May 17, 2011) – Lucernex Technologies, Lucernex Technologies, an innovative developer of business intelligence software for real estate management and development, today announced that Jack in the Box Inc. (NASDAQ: JACK) has purchased and implemented Lucernex’s store lifecycle management solution to manage its real estate portfolio, which includes more than 2,200 Jack in the Box® restaurants across 19 states. By implementing the retail version of the Lx Retail product suite, Jack in the Box can streamline its process of selecting store sites; building and opening new store locations; as well as managing existing locations to avoid costly time delays and save costs.
By using Lucernex’s proprietary suite of user interface-driven configuration tools, Jack in the Box completed its implementation of Lx Retail in a short period of time and at a substantially lower cost than current industry standards. The user-friendly tools enabled Jack in the Box staff to complete 80 percent of the initial configuration, including data conversion and integration, internally with minimal consulting fees.
With Lx Retail now fully implemented and live, Jack in the Box is receiving the following benefits and capabilities:
- Portfolio Management
- Market Planning and Location Analysis
- Site Selection and Analysis
- Construction and Project Management
- Facilities Management
- Capital Program and Capital Project Management
Jack in the Box was also a development partner with Lucernex in order to design a new module dedicated to automating creation of capital programs and projects, including individual and rolled-up schedules and budgets. The Capital Projects module is now a core part of the Lx Retail suite and available for all Lucernex customers to manage their remodels, re-images, dispositions and other capital programs.
“By implementing Lx Retail, Jack in the Box was able to successfully replace two previously used systems and integrate with a number of legacy systems into a single streamlined solution,” said Louise Mailloux-McBurnett, Vice President of Product Management, Lucernex. “Moving forward, the staff at Jack in the Box will also continue to build their own processes and integrations without any additional development or consulting from Lucernex.”
Founded in 2000, Lucernex Technologies provides corporate real estate professionals and real estate developers with powerful software tools that lower expenses and increase ROI through active real estate portfolio data management, whether applied to an existing portfolio or during the real estate development process. For more than 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 Store Life Cycle 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 www.lucernex.com.
About Jack in the Box Inc.
Jack in the Box Inc. (NASDAQ: JACK), based in San Diego, is a restaurant company that operates and franchises Jack in the Box® restaurants, one of the nation’s largest hamburger chains, with more than 2,200 restaurants in 19 states. Additionally, through a wholly owned subsidiary, the company operates and frachises Qdoba Mexican Grill®, a leader in fast-casual dining, with more than 500 restaurants in 43 states and the District of Columbia. For more information, visit www.jackinthebox.com.