CenterStone Software Expands Operations in Bay Area to Support Substantial Growth of Corporate Real Estate Clients on West Coast

Business Wire, May 10, 2005

SAN MATEO, Calif. -- CenterStone's eCenterOne Provides Integrated Workplace Management Solution For Area High Tech, Health Care and Financial Services Leaders

CenterStone Software, Inc., the leader in Web-based solutions to manage corporate real estate, facilities, assets and support services more efficiently and improve workplace execution, today announced that it has expanded its operations in the Bay Area. CenterStone, based in Hopkinton MA, has opened a new office for sales, client services and professional services at the San Mateo Gateway Center for its growing roster of clients in the region.

Area market leaders such as Albertsons, ALZA Corp., BEA Systems, Cadence Design Systems, E*Trade Financial, Juniper Networks, LeapFrog, LifeScan, Network Appliance, PeopleSoft, Pixar, The PMI Group, Inc. and Trammell Crow are gaining measurable, bottom-line results by using eCenterOne, CenterStone's Integrated Workplace Management Solution, to save millions of dollars in occupancy costs and improve portfolio utilization.

The PMI Group, Inc., one of the world's largest private mortgage insurers, has used eCenterOne to manage space planning and facilities operations at its Walnut Creek, CA headquarters for more than two years. Sue McKaig, Director of Administrative Services for PMI, said CenterStone provides a "user friendly and always available" solution to help clients meet their business needs. "Using this software saves PMI a tremendous amount of time with general space planning and pre-planning scenarios during our expansion projects," she said. "Keeping track of over 600 employees and contractors would be a daunting task if we didn't have the process automated. I can find vacant space quickly and efficiently. I couldn't possibly go back to space planning manually."

Cadence Design Systems, Inc., the world's largest supplier of electronic-design technologies and engineering services, has used eCenterOne for four years to manage a global portfolio of nearly 2 million square feet, benchmark its performance in the area of corporate real estate with other companies and support its participation in national forums such as CoreNet Global and the Real Estate Executive Board. "The integrity and breadth of the information that eCenterOne provides allows us to measure and compare our portfolio utilization for the purpose of discovering and implementing improvements," said Tim Collins, Director of Planning, Workplace Resources, for Cadence Design Systems. "eCenterOne provides our Workplace Resources group with the sophistication required to be a leader in our profession as well as an asset to Cadence's shareholders."

"With a growing roster of clients and partners, the Bay Area is a critical market for our business," said Andrew Sherman, President and CEO of CenterStone Software. "Our expanded local presence reflects CenterStone's long-term commitment to providing clients with the highest levels of service, innovation and success among corporate real estate technology solutions."

Facilities First of Mountain View, CA, providers of facilities and real estate consulting, technology and talent solutions for over 12 years, has established its first vendor strategic alliance with CenterStone to provide value-added services for eCenterOne implementations in the Bay Area. "We have spent three years carefully evaluating facilities and asset management offerings and are convinced that a Web-based solution that integrates data from all available sources like eCenterOne represents the future of this market," said Ralph Buchanan, a Managing Principal of Facilities First. "We have been very pleased by the reception we've received from potential clients - they haven't hesitated to move away from the traditional CAFM systems and spreadsheets when they see what eCenterOne can do."

About CenterStone Software, Inc.

CenterStone Software provides Web-based solutions to help businesses save millions of dollars every year from one of their largest expense lines and transform their workplaces into strategic assets. Corporate real estate and facilities executives for Fortune 500 leaders such as AIG, Dell, EMC, and Bank of America rely on CenterStone's eCenterOne solution and services to collect, maintain and analyze critical information on space, people, assets, leases, work orders and operations in a single, integrated platform. eCenterOne provides real-time reporting and dashboards to improve executive planning and decision-making and a suite of applications and workflow engine to automate workplace business processes, enhance service levels to employees and business partners, reduce occupancy costs and improve utilization. As a pioneer in the growing Integrated Workplace Management Systems (IWMS) market, CenterStone was founded in 1999. The company is headquartered in Hopkinton, MA and has its West Coast sales and services office in San Mateo, CA, and regional offices across the United States. For more information, please call (650) 378-1327 or visit www.centerstonesoft.com.