ASI's CEO Ronald Dean tells GlobeSt.com that one of the reasons for the merger is to see ASI's popular Lotus Notes-based applications converted for use as a Web-based product. "The best way to do that was to merge with a company that already had a successful set of applications on that platform but that wasn't doing the exact same thing," says Dean.
Virtual Premise has made a name for itself in the corporate sector by providing user-friendly project management and portfolio management software products. Current clients include Ford Land, US Bank, Washington Mutual, Comcast Communications, Genuine Parts, Cousins Properties, Tanger Factory Outlets and Inland Real Estate. ASI has been around for about a decade, providing Lotus Notes-based data and workflow management tools and consulting services to both the corporate and landlord/investment markets. Its noteworthy client base includes Westfield, Hines, CarrAmerica, DDRC, Rouse, DuPont, Rockwell, Household Finance, Electrolux, British Airport Authority and other industry leaders.
"ASI's software service to its customers has been outstanding and brings a high level of value to Virtual Premise", said Virtual Premise President M. Andrew Thomas. "VPI will continue to build off of these outstanding relationships and leverage off of both the CorpSuite product line for corporations and the SLP product line for REIT's, Developers, Landlords and other Managers in the Commercial Real Estate market."
VirtualPremise, Inc. already has over 40 major customers and the acquisition of ASI will take this total to over 100. The two companies will announce their merger this week at the RealComm in Chicago.
"We are primed to offer affordable, top tier applications to all customer's -- large and small, designed for vastly scalable Web environments and 24/7, real time data & process management," says Dean. "Through combining the best elements of two market leaders with the skills, experience, and domain expertise of our management team, we are on track to capture dominant market share."
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