VFA Grows In 2009 Despite Challenging Economy

January 25, 2010

Customers in Corporate, Education, Government and Healthcare Sectors
Enabled to Meet Unique Business Challenges with Facilities Capital Planning and Spend Management Solutions

BOSTON – January 25, 2010 –VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and asset management, today announced profitable growth of 20 percent in 2009. VFA added 37 new customers across six vertical markets, including corporate, education, government and healthcare. As a result of this growth, VFA was able to add 19 new hires in 2009.

In 2009, VFA expanded and enhanced its service and product offerings to better help its customers to meet their unique business challenges. Enhancing VFA.facility®, the company’s award-winning capital planning and asset management solution, VFA brought users increased business intelligence and reporting capabilities with the 9.0 release. Additionally, VFA introduced a new Energy Assessment service to help customers evaluate potential energy conservation measures for a building, or an entire portfolio, based on cost savings and measures that will provide the greatest impact on energy consumption.

“VFA’s growth in 2009 is particularly gratifying given that it was accomplished in a very challenging economic environment,” said Jerry Kokos, CEO of VFA. “Our immediate future looks just as promising, with our 2010 plan calling for comparable growth. We will also see increased investment in new software and services, such as the release of VFA.auditor 2.0, which will have a new content-driven facility self-assessment platform that will greatly enhance the facility data collection process. We also have 46 new hires planned in 2010 to support this growth.”

Continued Kokos, “With increasing pressure on organizations to comply with green mandates, enhanced sustainability capabilities in VFA’s software and service offerings will take a front seat in 2010. Additionally, VFA will continue the internationalization of its solutions in support of its growing global customer base.”

In 2009, VFA was named to the Software 500, Software Magazine’s list of the world’s top software and service providers for the seventh consecutive year and selected for the Best of SaaS Showplace (BoSS) Award. The company was also selected as a finalist and received a highly commended certificate for FM Excellence in a Major Project as part of the 2009 British Institute of Facilities Management (BIFM) International Investors Awards for its work with the British Broadcasting Corporation (BBC) to audit and strategically manage its real estate.

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