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NEWS & PRESS RELEASES


PRESS RELEASE - 02/02/06
Press Contact
Mike Nuzum
Lucernex Technologies
972-403-7100
 
Prediction Analytics, Inc. Licenses Real Estate Lifecycle Management Software
from Lucernex Technologies

Plano, TX — February 2006 — Lucernex Technologies announces that it has sold a license to resell Lucernex Technologies flagship product for real estate lifecycle management, LucernexERP, to Prediction Analytics, Inc. (PAI), a subsidiary of Experian.

Lucernex is a privately held Dallas-based company that develops advanced real estate software products based on their LucernexERP platform to corporations and other software companies, such as Accruent, Inc.

LucernexERP is a robust set of tools that covers the entire property development and asset management lifecycle, including specific tools and best practices for market strategy, site identification, site acquisition, design, construction, possession, facility management and it integrates to PAI’s Retail Performance Modeling (RPM) product.

"We see this license agreement with PAI, an Experian company, as a key strategic move critical to our international expansion because of Experian’s worldwide presence and the synergies between our platform and the Experian suite of products and services,” states Lucernex Technologies Chairman and CEO, Mike Nuzum. “Together our products take Site and Market Analysis to the next level, which is the key to continued revenue and profit growth as prime real estate becomes increasingly scarce."

About Lucernex Technologies
Founded in 2000 Lucernex Technologies is a specialized software firm that develops web-centric information and process management applications. The LucernexERP, the Lucernex Technologies flagship product, is a robust platform including unique process and asset management tools that substantially decreases site and project costs and assists in early project delivery. As a single platform, Lucernex allows retailers the ability to rapidly identify, select, acquire, design, construct, open and manage new locations more efficiently and effectively. Key features include workflow, scheduling, budgeting and document management delivered in a highly collaborative, real time application.

About Prediction Analytics
Recently acquired by Experian, a global information solutions company, Prediction Analytics helps retail, restaurant and real estate professionals forecast sales of new locations and better understand how location factors influence store performance. Through Prediction’s software, research and consulting services, clients are able to improve store forecast accuracy, resulting in better retail location and market planning decisions, which ultimately results in improved return on capital. Since 1977, Prediction’s team members have served as trusted advisors for leading companies around the world, evaluating well over 100,000 retail and restaurant locations. In the process, they have developed a uniquely effective approach to the most pressing retail performance challenges.
www.predictioncompany.com

About Experian
Experian is a global leader in providing value-added information solutions to organizations and consumers. Experian provides information, analytics, decision-making solutions and processing services. Using its comprehensive understanding of individuals, markets and economies, it helps organizations to find, develop and manage customer relationships to make their businesses more profitable. Experian promotes greater financial health and opportunity among consumers by enabling them to understand, manage and protect their personal information, helping them control financial aspects of key life events and make the most advantageous financial decisions. Experian works with clients across diverse industries, including financial services, telecommunications, health care, insurance, retail and catalog, automotive, manufacturing, leisure, utilities, e-commerce, property and government. A subsidiary of GUS plc with headquarters in Nottingham, UK, and Costa Mesa, Calif., Experian employs more than 12,500 people in 28 countries worldwide who support over 50,000 clients in more than 60 countries. Annual sales are in excess of $3.0 billion.
www.experiangroup.com


 

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