VFA Reports More Than 40 New Customers and Profitable Growth in 2010

March 9, 2011

Facilities Capital Planning Leader is Poised for Continued Success in 2011

BOSTON—March 9, 2011—VFA, Inc., the leading provider of end-to-end solutions for facilities capital planning and spend management, today announced profitable growth and the addition of 43 new customers in 2010, including the State of Minnesota, British Columbia Ministry of Advanced Education, the Thomas Jefferson Foundation, Quebec CEGEPS (Colleges), New Mexico Public Schools Facilities Authority, the City of Burlington, Ontario, and University College London. Nurturing relationships with existing customers is also key to VFA’s success. The company signed a contract renewal with the U.S. General Services Administration, among others. Today, there are more than 500 organizations in the corporate, education, government and healthcare sectors using VFA’s software solutions to assist them in strategically managing their facility capital assets.

In 2010, VFA most notably announced the second generation of its facility self-assessment solution, VFA.auditor®, which enables organizations to quickly and cost-effectively capture key data about their facility portfolios using a web-based survey platform. The application uses a library of over 600 building system models to dynamically populate the survey content. VFA also released version 9.5 of its flagship product, VFA.facility®, with utility performance tracking used to identify which energy and water conservation measures will help meet sustainability goals; a new Seismic Assessment solution, which helps organizations to mitigate seismic risks; and a unique combination of VFA software, services and consulting called VFA SmartStart™ that provides facility managers with immediate insight into the condition and requirements of their facility portfolio.

“In an economy when facility managers must reconcile budgetary pressures with strategic concerns, self-assessment is an essential tool for maximizing and protecting the value of their facility assets,” said Jerry Kokos, CEO of VFA. “VFA is pleased that, in 2010, a growing number of organizations selected self-assessment solutions. Customers like the Maine Department of Education are using self-assessment to cost-effectively obtain facility condition information and make better-informed capital planning decisions. All of our solutions are aimed at helping organizations to optimally manage their capital assets while ensuring that they achieve their organizational mission.”

VFA was named to the Software 500, Software Magazine’s list of the world’s top software and service providers for the eighth consecutive year; and one of its customers, Ontario University System, was named a winner of the Real Property Institute of Canada’s Real Property Award for implementing a Facility Condition Assessment Program (FCAP) as part of an integrated Capital Planning and Management Solution (CPMS) from VFA Canada. VFA’s Energy Assessment Service was recently recognized with Building Operating Management (BOM) magazine’s Top Products Award.

To connect with VFA, please follow us on Twitter at @VFAINC, or visit our new blog, Foundations, which is aimed at providing information to readers that serves as a foundation for intelligent capital spending and facilities capital planning and management.

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