BayLogics Announces SiteSeer-ie Release 1.0; Web-Based Application Suite to Premiere in Beta At Key World-Class Companies.

Business Editors & High-Tech Writers

SAN DIEGO--(BUSINESS WIRE)--May 8, 2001

BayLogics Inc., the foremost provider of eBusiness applications for Corporate Real Estate (CRE) management, announced beta availability of SiteSeer-ie(R) release 1.0.

Targeting Fortune 2000 corporations that manage multiple leased and/or owned facilities, SiteSeer-ie is the first intranet solution that addresses business-critical collaborative management of all CRE knowledge and activity within the enterprise.

Goodyear Tire and Rubber Company is scheduled as the initial SiteSeer-ie beta site with others soon to be announced. On average, such multi-national target participants manage more than 10,000 leased and owned properties.

BayLogics' dominant market position is a result of 15 years of experience with its best-selling SiteSeer(R) and Domain C-S(R) product lines. The company's customer base of over 300 world-class corporations currently manages more than five billion square feet in 150,000 properties, representing $100 billion in lease-related expenses.

"SiteSeer-ie, the natural evolution of our existing product lines, will significantly increase visibility, collaboration and control over all processes and information related to CRE activities in organizations with multiple deployed locations and facilities," said Sam Borgese, president and CEO of BayLogics. "Our web-based technology opens up the CRE knowledge base to all authorized personnel who are involved in corporate real estate issues including outside providers of information, goods and services. Our integrated suite of applications drives the proactive management of the entire CRE lifecycle: site analysis and selection, site acquisition, construction and build-out, occupancy management, facilities management, and disposition. This lifecycle management is 'eBusiness for Corporate Real Estate' (eCRE)."

Automating CRE knowledge and activities with SiteSeer-ie can have significant impact on the financial success of the corporation in three key areas. First, expense reduction is achieved primarily by avoiding overcharges and uncontrolled rate increases -- areas where mistakes and delays are common and costly. Second, revenue acceleration is realized by employing a disciplined approach to site selection, acquisition, construction and final site disposition. As a result, better time-to-market becomes a strategic competitive advantage. Finally, SiteSeer-ie empowers management to make rapid, mission-critical decisions in reaction to unexpected property events (e.g., a utility failure) allowing the corporation to mitigate or eliminate lost-revenue situations.

BayLogics' target markets are those that maintain a high percentage of lease liabilities relative to total expense such as: retail (stores), telecommunications (towers), services (offices), healthcare (hospitals), and energy (plants, stations and right-of-ways).

eCRE Portal

For the end user, intuitive and rapid access to vast amounts of time-critical data is key. Driven by years of customer input, BayLogics' developed a user-friendly and configurable portal that establishes the focal point for access to all eCRE applications, information and services. The portal enables secured entry into a controlled data-driven environment designed to streamline the activities of enterprise personnel and authorized brokers, landlords, sub-tenants, and suppliers.

Application suite

As the foundation technology for eCRE, SiteSeer-ie will offer many new, fully integrated applications that provide customers with synchronized information across a number of traditionally manual, isolated activities performed by various departments such as marketing, legal and finance. BayLogics is developing these applications and partnering with other solutions providers to deliver the required functionality.

In contrast with point solutions that address single phases of the eCRE lifecycle such as facilities management or site acquisition, SiteSeer-ie will bind all the lifecycle phases together with some 23 applications comprising the six phases. For example, the occupancy management phase includes lease and contract administration, change management, contact management, tax management and financial analysis applications. The facility management phase includes procurement, project management and task management applications while the site acquisition phase provides deal tracking, broker management, and contract negotiation applications.

Technology Architecture

SiteSeer-ie builds on a Web-based, thin client, n-tier architecture. Using JDBC, the solution supports all major database platforms. BEA's WebLogics application server provides portability across UNIX, Linux and Windows environments. An XML layer offers a fully secured communications medium to external suppliers, landlords and brokers. SiteSeer-ie also supports application program interfaces to the most prevalent ERP systems.

About BayLogics

Helping its customers manage over five billion square feet of commercial space, BayLogics Inc. is the leading provider of CRE software and service solutions for businesses that proactively address large portfolios of leased and owned real estate assets. BayLogics' solutions enable real-time, business-critical decisions that result in competitive real estate advantages and drive millions of dollars in savings to the bottom line. The company's base of over 300 world-class customers includes Sears, Roebuck and Company, AOL Time Warner, Staples, Central Parking Corporation and Brink's. BayLogics, a privately-held company, has invested over 15 years of customer-driven, best-practice methodology into its enterprise-class applications that scale to support corporations managing thousands of leased and owned sites. For further information, contact Debra Arbogast at 619/955-1111, [e-mail]; or visit www.baylogics.com.