GlobeSt.com EXCLUSIVE: Virtual Premise Acquiring ASI International

SAN FRANCISCO-Two software makers catering to the corporate and commercial real estate markets are merging their operations. Virtual Premise, an Atlanta-based real estate software maker that has made a name for itself in the corporate sector, is acquiring the assets of San Francisco-based ASI International, which has a foothold in both the corporate and commercial real estate sectors.

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.