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Bricsnet Announces $10 Million in New Funding; Global Provider of Integrated Real Estate Lifecycle Management Solutions Secures New Funding to Extend Market Leadership.

SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden  -- Bricsnet, a global provider of integrated real estate lifecycle management solutions, has closed an additional $10 million financing commitment, raising its total new funding activity in 2005 to $14 million. The company plans to use the funds to enhance product development and services and extend its leadership in the rapidly growing market for corporate real estate management systems. The new funding was led by a consortium of investors who are existing shareholders of Bricsnet.

In related news, the company also announced new management and a major new release of the company's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation.  BuildingCenter(TM).

"The market is rapidly evolving toward comprehensive lifecycle management solutions to address issues such as business continuity and compliance as well as reduce the costs of owning and operating corporate real estate assets," said Farid Jinian, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Bricsnet. "Moving forward, this additional round of financing will help accelerate the continued progression of our software solutions toward delivering greater control for better decisions on a fully standards-based and web-based platform that can be easily modified to additional vertical markets, such as retail, education and hospitality."

Bricsnet has a roster of Fortune 250 customers, strategic partnerships with CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. , BearingPoint and TSC TSC (stock symbol)
TSC Time Stamp Counter
TSC Tuberous Sclerosis Complex
TSC Tractor Supply Company
TSC Terrorist Screening Center (Department of Homeland Security) 
, and a global reach through Bricsnet Iberica in Europe and IS Com in Central and South America.

Bricsnet recently moved its headquarters to San Francisco, California “San Francisco” redirects here. For other uses, see San Francisco (disambiguation).

The City and County of San Francisco (EN IPA: [s├Žnfrənˈsɪskoʊ] 

Founded in 1986, Bricsnet provides software solutions that help organizations achieve greater control over their real estate assets and operations to make better business decisions. With offices in the United States and Europe as well as distributors in Japan, Europe and Israel, Bricsnet solutions have been adopted by corporations and major real estate organizations around the world, including Deutsche Bank, AAA AAA: see American Automobile Association.

(Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied.
, American Express, Marriott International, CB Richard Ellis and Liberty Mutual.
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Comment:Bricsnet Announces $10 Million in New Funding; Global Provider of Integrated Real Estate Lifecycle Management Solutions Secures New Funding to Extend Market Leadership.
Publication:Business Wire
Geographic Code:4EUBL
Date:Oct 19, 2005
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