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Expesite and Lease Harbor LLC Announce a Strategic Partnership Interconnecting Real Estate Management and Facilities Management

(November 07, 2011)

COLUMBUS, OH -- (Marketwire) -- 11/07/11 -- Expesite is proud to announce its strategic partnership with Lease Harbor LLC. This alliance brings together two leading cloud-based companies providing software solutions for maximizing the value of global real estate assets, locations, and facilities.

Expesite provides end-to-end solutions for real estate development, construction, and facilities management through its suite of Vision products. Lease Harbor was created for the sole purpose of providing corporate real estate departments with a powerful, easy-to-use, and cost-effective lease administration tool. Through this newly announced partnership, Harbor Flex (Lease Harbor's flagship product) will integrate with the Vision(RE) (Real Estate Management) Expesite product.

This integration will give clients the ability to access the leading lease and real property administration system for seamless and effective management of commercial real estate portfolios.

"We are excited to partner with the leading lease administration software provider," said Jeffrey Sopp, CEO of Expesite. "Many of our clients have been looking for a lease and real estate property solution that is easy to use and provides robust functionality. Our integration with Lease Harbor will provide clients with the tools they need to better track and administer their portfolios."


Expesite's Vision(RE) powered by Harbor Flex will provide users with the following features:

  • General location tracking
  • Allocations
  • Options/clauses
  • Key date management (with automatic notification and email reminders)
  • Log items
  • Contacts
  • Documents
  • Expense schedules (with escalations and automatic proration)
  • Payments/invoicing (with ERP linkage)
  • Calculations for straight-line and pre-paid rent
  • Custom fiscal calendars
  • Percent rent/sales tracking

Now Expesite provides its clients with a complete capital expense functionality that addresses the forthcoming Financial Accounting Standards Board (FASB) lease accounting changes.

"Expesite is one of the largest project management and facilities management solution providers in the industry," said Sean Black, President of Lease Harbor. "With the global reach Expesite has across its client base and with experience that is second to none in the industry, we are proud to be part of this partnership."

This partnership will strengthen the team-selling atmosphere and build deeper and broader relationships across departments. Expesite will be able to expand its lease administration functionality through its Vision(RE) product, powered by Harbor Flex while Lease Harbor is able to provide its clients with secure project and facilities management solutions.

The two companies also share a cultural foundation. Both Expesite and Lease Harbor strongly focus on client satisfaction and building relationships, which is a key differentiator for the two companies and an integral part of their culture.

About Expesite:

Expesite is a cloud based software company that provides a collaborative platform for real estate development, construction, and facilities management through its suite of Vision products. Since 1999, Expesite has helped clients maximize the productivity of real estate assets, efficiently manage projects, and cost-effectively maintain facilities. Expesite delivers results through long-term client relationships and an intimate understanding of each client's evolving needs. Headquartered in Columbus, Ohio, Expesite maintains global offices and serves some of the largest retailers, chain restaurants, financial institutions, educational facilities, healthcare facilities, and government agencies in the world. For more information, visit expesite.com.

About Lease Harbor:
Lease Harbor LLC is an industry-leading SaaS company providing state-of-the-art lease administration tools for corporate real estate departments worldwide. The company has experienced a continuous, steady expansion of its client base since its inception in March of 2000. Lease Harbor LLC currently serves more than 500 companies and government agencies with portfolio administration needs.

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Contact:
Kristin Fornal
(614) 324-5518
Email: Email Contact


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