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VFA Acquires Mezzia
Deal Delivers Capital Spending Management Technology to VFA.facility
Solution Suite and Further Fuels Leader’s Rapid Growth in Healthcare Sector
Boston, MA - May 30, 2006 - VFA®, Inc., the leading provider of software and services for facilities asset management and capital planning, today acquired Mezzia, Inc. Based in Indianapolis, Mezzia is a privately-held company that provides Web-based capital spending management software to the healthcare market.
VFA and Mezzia provide complementary solutions that support the capital planning and management process. VFA’s Capital Planning and Management Solution (CPMS) integrates expert facility condition assessment services and methodology, software for facilities asset management and capital planning, and related business consulting services. The Mezzia solution supports the management of the capital spending process and implements controls that reduce costs, improve overall financial performance and enhance the bottom line.
“With the addition of Mezzia, VFA extends our capital planning and management solution to address capital spending management, a capability that is important to our customers across a range of industries,” said Jerry Kokos, President and CEO of VFA. “We also enhance our depth of expertise in the healthcare sector, where we have seen significant growth in the past 18 months.”
The terms of the transaction are not being disclosed by either privately-held company. Healthcare Growth Partners, Inc. acted as a financial advisor to Mezzia for this transaction. VFA will continue to operate Mezzia’s Indianapolis office.
“VFA has facility consultants working throughout the country. As we continue to grow our assessment services business, expert staff and an office in Indianapolis provide a strategic stronghold for servicing our clients in the Midwest,” continued Kokos.
About VFA
Headquartered in Boston, VFA, Inc. is the leading provider of software and services for facilities management and capital planning. VFA provides powerful Web-based software and consulting services to nearly 300 organizations to strategically manage over two billion square feet of real estate. VFA’s Capital Planning and Management Solution (CPMS™) uniquely combines condition assessment services, Web-based decision support software and business consulting services to enable clients to achieve their missions by optimizing investments in facilities and infrastructure. VFA has a strong customer base in education, federal, state and local government, healthcare and corporate markets. For more information, please call 800-693-3132 or visit http://www.vfa.com.
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Press Contacts
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Laura Cook
VFA, Inc.
617-451-5100
info@vfa.com
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Erik Clausen/Liz Serotte
Schwartz Communications
781-684-0770
vfa@schwartz-pr.com
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