FM:Systems Continues Momentum with Second Consecutive Year of Greater than 50 Percent Revenue Growth.New Customer Wins, Customer Expansions and Launch of FM:Interact 7.0 Key Factors RALEIGH, N.C. -- FM:Systems, a leading provider of integrated workplace management systems (IWMS IWMS Integrated Workplace Management System IWMS Integrated Waste Management System IWMS Identified Wildlife Management Strategy (Canada) IWMS Integrated Waste Management Solution IWMS Irrigation Water Management Society ), announced today that in 2006 it has experienced a second straight year of considerable growth, most significantly marked by a 56 percent increase in revenue. The company's growth is attributed to several factors including numerous new customer wins, enterprise expansions of existing customers, and the launch of version 7.0 of the FM:Interact[TM] Workplace Management Suite. New Customer Wins and Existing Customer Expansions Several leading organizations, such as the Department of Homeland Security Noun 1. Department of Homeland Security - the federal department that administers all matters relating to homeland security Homeland Security executive department - a federal department in the executive branch of the government of the United States , have selected FM:Interact to help improve customer service, reduce costs, and increase productivity throughout their entire organization. Other businesses, such as CA, have chosen to expand their existing FM:Systems' solution worldwide. "There is a rapidly growing trend towards management of facility information at the enterprise level," said Michael Schley, president and 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 FM:Systems. "Organizations are creating systems that both span their entire property portfolio and integrate all relevant workplace information. As a result, many companies are beginning to realize the inherent benefits of cost savings and increased productivity that come from connecting facilities within an organization and enabling them to share information." Unique New Business Partner Program FM:Systems introduced a partner certification program in late 2006, greatly enhancing the benefits of partnering for both partners and customers. Unique in the industry, the Certified Business Partner program requires that partners that wish to implement FM:Systems solutions take thorough training and pass a certification exam. This program will ensure customers receive the highest quality of service available. Already five companies have completed the certification process: AMS AMS - Andrew Message System , Collectiveview, FM Innovations, RSP-iSpace and Stantec. Innovative New Products The launch of FM:Interact 7.0 also sparked significant growth, offering enhancements such as dynamic drawings, configurable Web forms and graphic views to the already successful product line. FM:Interact modules include Space Management, Lease and Property Management, Asset Management, 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. , Move Management and Service Request Management. With FM:Interact, facilities professionals have the ability to: * Proactively manage space, improve space efficiencies and accurately benchmark facilities. * Securely deploy employee information, floor plans, reports and critical documents that extend the reach and value of facilities information. * Track critical information about lease agreements and properties such as lease expiration and renewal dates. * Evaluate building performance and analyze financial data on properties. * Track and analyze corporate assets such as furniture, equipment, computers, life safety systems, building systems and artwork. * Analyze current space requirements and forecast future space needs. * Save time, improve interdepartmental in·ter·de·part·men·tal adj. Involving or representing different departments, as of a business, an academic institution, or a government: "the petty interdepartmental squabbling that surrounds the making of . . . planning and substantially reduce move and churn costs. * Improve customer service by streamlining the work order and preventive maintenance The routine checking of hardware that is performed by a field engineer on a regularly scheduled basis. See remedial maintenance. preventive maintenance - (PM) To bring down a machine for inspection or test purposes. See provocative maintenance, scratch monkey. processes for employees, technicians and vendors. Headcount Increases by 50 Percent Company-wide headcount grew by 50 percent, with customer support, consulting and development receiving most of the new employees. The company has plans for similar growth in 2007. Several new leadership positions were added, including John Chesebrough, formerly of SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , as the new vice president of sales. Adds Schley, "2006 was a great year for us. In my mind, key factors were our unmatched customer retention and the remarkable number of global expansions in our customer base. This demonstrates that our products can scale to support the needs of both small organizations and global enterprises and, most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , shows our company's commitment to taking care of our customers." About FM:Systems, Inc. By connecting people, place and process, FM:Systems, Inc. helps facilities and real estate professionals improve customer service, reduce costs, and increase productivity enterprise-wide. Customers take advantage of FM:Systems' web-based software to improve facilities and space management, real estate and portfolio management, and maintenance management. Many of the world's leading organizations rely on FM:Systems solutions such as CA, Devon Energy Devon Energy Corporation (NYSE: DVN), headquartered in downtown Oklahoma City, Oklahoma, USA, is one of the world’s leading independent oil and gas exploration and production companies. , GMAC GMAC General Motors Acceptance Corporation GMAC Graduate Management Admission Council GMAC Give Me A Call GMAC Genetic Manipulation Advisory Committee GMAC Genetic Modification Advisory Committee (Singapore) GMAC Give Me A Chance Financial Services, Lockheed Martin, NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , Northwestern University, Novartis Pharmaceuticals, Progress Energy, Target Stores and Wyeth Pharmaceuticals. FM:Systems is headquartered in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. and conducts business in the Americas, Europe, and Asia Pacific. For more information about FM Systems, please visit www.fmsystems.com or call 1-800-648-8030. |
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