Cambridge Solutions Ltd. Partners with BIGeREALESTATE, Inc., a Cushman & Wakefield Company; Forging a Partnership to Create a Modern Solution for Real Estate Management.GREENWICH, Conn. -- Cambridge Solutions Ltd. ("Cambridge"), one of the largest knowledge-based IT and BPO BPO Business Process Outsourcing BPO Benevolent & Protective Order (of Elks of the USA) BPO Benzoyl Peroxide BPO Business Process Optimization BPO Broker Price Opinions BPO Buffalo Philharmonic Orchestra firms in the world, today announced that it had signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with Cushman & Wakefield and BIGeREALESTATE, Inc. ("BigE"), a subsidiary of Cushman & Wakefield. Under the terms of the MOU, BigE, Cushman & Wakefield and Cambridge will jointly develop a new generation technology platform for real estate management. The product will cover areas such as Portfolio Management (lease administration, document management), Workplace Management (call center services, maintenance scheduling, preventive and predictive maintenance Predictive maintenance (PdM) techniques help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach offers cost savings over routine or time-based preventive maintenance because tasks are performed only when ), Project Management (project finance, bidding, vendor management and more) and Space Management (occupancy analysis, allocation plans). Cambridge will assume overall management responsibility of BigE and purchase a stake in the firm. It will embark on creating a modern application that is architecturally superior to what is available in the market and execute on a new go-to-market strategy to promote the BigE offering. "BigE parentage PARENTAGE. Kindred. Vide 2 Bouv. Inst. n. 1955; Branch; Line. is excellent and its products are used by world class companies such as Adobe, MetLife and Novell among others. We will now be engaged in a significant code enhancement exercise even as we forge a new go-to-market strategy with the company," said Dilip Keshu, Cambridge's chief strategy and corporate development officer. "As a co-owner with Cushman & Wakefield in BigE, we expect to create a nice niche application that will do more for existing and prospective clients. Cushman & Wakefield's domain knowledge and our technical expertise will add to the strengths that BigE already possesses." "We picked Cambridge because of its technical and business prowess," said John Santora, BigE's chairman of the board, and Cushman & Wakefield's chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . "They will develop BigE's next generation of cutting edge applications, making them even more reliable and user friendly for clients worldwide." About Cambridge Solutions Ltd. Cambridge Solutions Ltd. (HQ: Bangalore, India; USHQ: Greenwich, CT.) is a strategic global outsourcing firm with deep expertise in: --IT business consulting, application implementation, software engineering, maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services --Business process outsourcing (BPO) for insurance, banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies; process consulting; transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. , finance and accounting back office support; claims and risk management services; inbound and outbound contact centers to support all of these activities; and other processes that require knowledge-based decision making. With offices in the USA, UK, India Singapore, and Australia, Cambridge will serve Fortune 500 firms and international financial services companies. Cambridge was named one of the top three performing BPO companies by Global Services media and neoIT, a leading offshore outsourcing Offshore outsourcing is the practice of hiring an external organization to perform some business functions in a country other than the one where the product or service will be sold or consumed. advisory firm, in 2006, and was recently ranked as the 28th leading outsourcing company in the world in the International Association of Outsourcing Professionals (IAOP IAOP International Association of Outsourcing Professionals )'s "2006 Global Outsourcing 100" list, that appeared in a special advertising section in Fortune Magazine. For more information, visit: www.cambridgeworldwide.com. About BIG Business Integration Group was founded in 1998, to meet the demand for a single source provider, specializing in real estate management services and software. BIG pioneered the development of a powerful integrated web-architected suite of software modules. Its solutions provide efficiency and cost savings for clients, by consolidating critical real estate data into a fully-integrated, centralized web-based management system sharing a common database. As an Application Service Provider (ASP), clients purchase licenses to use the software retaining control of data and real estate management business processes. More than 60-plus blue-chip clients and 5,000 users access the application daily, to manage their portfolios in more than 100 countries. About Cushman & Wakefield Cushman & Wakefield is the world's largest privately held real estate services firm. Founded in 1917, the firm has 192 offices in 58 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and research, portfolio analysis, and site selection and space location assistance, among many other advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . To find out more about Cushman & Wakefield, please call 1-800-376-3133, or visit the firm's Web site at www.cushmanwakefield.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Certain statements in this release are forward looking statements which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services, including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns in fixed price, fixed time frame contracts, client concentration, restrictions on immigration immigration, entrance of a person (an alien) into a new country for the purpose of establishing permanent residence. Motives for immigration, like those for migration generally, are often economic, although religious or political factors may be very important. , our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, etc. The company does not undertake to update any forward looking statement that may be made from time to time by or on behalf of the company. |
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