AssetEye and Peracon Announce Alliance to Streamline Commercial Real Estate Listings with XML Data Standards

Business Wire, May 1, 2001

Business Editors

NEW YORK--(BUSINESS WIRE)--May 1, 2001

AssetEye Inc., a leading developer of next generation portfolio management tools for commercial real estate, today announced a cooperative technology alliance with Peracon, Inc., a web-based platform to assist brokers and owners in the sale of institutional quality real estate. AssetEye and Peracon have agreed to support the Data Consortium's DCN, allowing their platforms to seamlessly exchange property listing information.

Using a simple point-and-click interface, owners will be able to submit a property for sale directly from their AssetEye database to Peracon's listing and transaction support service. The alliance represents one of the first vendor-to-vendor implementations of the DCN draft standard for commercial real estate, allowing software products from different software vendors to speak the same language. Property information, from rent rolls to historical income and expense data, will flow from AssetEye/CRE to Peracon's systems, without conversion, export, or re-keying.

"It's exciting to think what alliances like this mean to commercial real estate," said Greg Sherman, CEO of AssetEye Inc. "The promise of XML is that real estate companies can spend less time and money manipulating their data. Ultimately, the industry will be able to focus on its business without getting frustrated by systems that don't play well together."

"By automatically populating portions of our on-line offering memorandum and on-line war rooms directly from AssetEye's database, property owners and brokers will further reduce the amount of time and effort needed to take a property to market," said Bill Kahane, CEO of Peracon, Inc.

In keeping with its commitment to building open, standards-based solutions, AssetEye will continue to seek similar alliances with software vendors and web-based service providers.

About AssetEye Inc.

About AssetEye Inc. AssetEye (www.asseteye.com) is a developer of web-based software products for commercial real estate, including AssetEye/CRE, the first of its kind portfolio management solution. AssetEye/CRE has gained recognition for its ease-of-use, flexibility, and commitment to industry standards.

About Peracon, Inc.

Peracon (www.peracon.com) is the first online commercial real estate platform to empower a seller's agents with full-service, end-to-end transaction capabilities on the Internet. Peracon is a full-service, web-based marketing and transaction management platform for seller's agents. Peracon's tool includes (i) on-line offering memorandum (ii) downloadable offering memoradum (iii) on line war room, and (iv) transaction management capabilities.