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EMG AND VFA FORM STRATEGIC RELATIONSHIP
National Firms Team To Meet Demand for Real Estate Assessment and Capital Planning Products and Services
Boston, MA - January 28, 2002 - Boston-based VFA (www.vfa.com) and Baltimore-based EMG (www.emgcorp.com), two national leaders in real estate information services, today announced a formal business alliance. VFA delivers Web-based facility and capital asset management solutions and software to clients in multiple industries, including education, government, healthcare, and corporate. EMG provides real estate decision-support consulting and property assessment services to commercial real estate investors, lenders, and government entities throughout North America.
The alliance, which takes effect immediately, enables EMG and VFA to collaborate on new business opportunities, enhance service offerings in their core markets, as well as penetrate new markets. The partnership will also enable both firms to work on co-marketing efforts, including joint projects, seminars, press and trade shows to enhance marketability and gain competitive advantage in the marketplace.
As part of the agreement, EMG's engineers will participate in VFA's Facilities/Infrastructure Certification Program, which includes training on VFA assessment methods, strategic lifecycle management process, and flagship software, VFA.facility. This proprietary capital planning and facility management software fully supports clients in the various stages of capital asset planning - from building and infrastructure condition assessment, to financial analysis and planning for reinvestment, through project execution and report generation.
"This is a win-win relationship for everyone - EMG, VFA and our clients," said Michael Logsdon, president and CEO of EMG. "VFA continues to innovate in the development of business practices, information, and data management tools that are vital to clients like ours - organizations with significant real estate holdings. This partnership will help EMG continue to leverage its leadership in commercial real estate assessment services and strengthen our offerings throughout the life cycle of real estate."
"We are delighted that EMG has chosen our best-of-breed business software technology to complement their knowledge and strength in real estate assessments," said Jerry Kokos, president and CEO of VFA. "This winning combination will provide EMG clients with comprehensive, technology-driven solutions for today's capital asset management challenges."
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