Siterra Delivers Fast, Proven ROI for Corporate Real Estate Customers

Business Wire, April 22, 2008

Analyst ROI Study Finds Siterra Delivers 1280% ROI for Major Super Market Chain

SAN FRANCISCO -- Siterra, a leading provider of web-based software designed to manage corporate real estate, announced the findings of an independent ROI case study by Nucleus Research. The study focused on one of Siterra's retail customers, a large supermarket chain on the east coast with over 200 leased properties, and found the Siterra Lease Management platform achieved significant cost savings through reduced staffing needs, improved accuracy of the lease renewal process, and reduced lease fees through more timely payments and better adherence to lease terms. Overall the Nucleus Research Study found that the client achieved a return on investment of 1280% with a payback period of just one month.

"Most of our clients have hundreds, in some cases thousands, of leases to manage," said Doug Domergue, vice president of sales at Siterra, "Siterra eliminates the paper-chase associated with managing these leases and replaces it with a streamlined system that automates and reports on the entire lifecycle of every lease, from contract negotiations to payments and renewals."

Siterra's flexible on-demand model helps drive even greater productivity for Siterra customers, with rapid implementations, a user-configurable interface and database, and 24/7 web-based access to reporting, documents, and critical notifications. Pre-built integrations to major financial systems like Oracle, Great Plains, and SAP also ensure seamless connectivity between Siterra's Lease module and critical enterprise payment and compliance processes.

"Any large or fast-growing organization has a lot of leases to manage. The Siterra solution helps companies avoid costly mistakes, like missing a renewal deadline, which may complicate renewal negotiations or result in costly fees," said David O'Connell, senior analyst at Nucleus Research. "The ROI study we did validated not only these benefits, but also direct productivity benefits, which is why the ROI was so high. These benefits, combined with the SAAS model and low up-front costs means that people really should be looking at it."

In addition to Siterra's robust lease management capabilities, the platform also offers advanced workflow capabilities across several different product modules designed to support the complete needs of corporate real estate customers:

* Projects - A full-featured, workflow-driven project management system that coordinates all property portfolio site-related activities including property acquisition, new property build-outs, and ongoing property maintenance.

* Assets - Siterra users can track and maintain all assets associated with their properties and integrate asset data with their enterprise financial and other operations support systems.

* Data | Documents | Photos - A centralized online repository for all operational property-related information, agreements, photographs, and designs.

Availability

The Siterra platform is available immediately. For more information please contact Siterra's vp of sales Doug Domergue at 415-875-7100. Complimentary copies of the Nucleus Research ROI Case Study are available for download at http://www.siterra.com/products/leases.php.> About Siterra (www.siterra.com)

Founded in 2001 and located in San Francisco, California, Siterra Corporation delivers leading web-based software solutions to plan, build, manage and grow geographically dispersed portfolios of real estate properties and operating sites for the Corporate Real Estate industries, Retail, Wireless, and Renewable Energy industries.