"Bricsnet is well-positioned to serve the growing market for technologies to manage businesses' real estate portfolios," said Hector Rodriguez, Bricsnet Chairman. "This investment plan ensures that Bricsnet can respond rapidly to the business community's evolving needs and continue the leadership for which the company is well known."
The company plans to use the funds to enhance product development and services, and to extend its leadership in the growing market for retail, corporate and public sector real estate management systems. The investors leading this round have been long-term shareholders in Bricsnet and consist of four European groups and individuals: Torimbia SL, Stonefund NV, Paladin SA, and TBC SA. The largest investor, Torimbia, is a circa USD 1 Billion privately held and family-owned holding group, with business interests in the sectors of Real Estate, retail gas distribution, global credit card payment processing and other minority investments. Real Estate is the core activity within its portfolio of companies, which own 600,000 SF of prime commercial Real Estate properties in Madrid's most exclusive business districts.
"Bricsnet is a proven leader in bringing Speed to Value to businesses around the world -- helping them to improve their real estate management processes in every area from finding the right locations to completing projects on time to controlling operational costs," said Farid Jinian, Bricsnet CEO. "This capital investment plan will support our continuing efforts to incorporate new technologies, broaden our offerings, enhance our rapid implementation capabilities, and provide the industry's most intuitive and user-friendly applications."
Bricsnet's global client list includes more than 200 leading retail companies, corporations, public sector organizations, and architecture, engineering and construction firms.
About Bricsnet
Bricsnet's business was founded in 1986 and helps large corporations improve profits by more effectively managing all aspects of the workplace (including buildings, land, space, people, assets and systems). Bricsnet Enterprise and Bricsnet Retail are leading real estate management systems that - along with Bricsnet Strategic Advisory Services - provide fast, pragmatic and innovative solutions to increase shareholder value. Bricsnet ProjectCenter is an easy to use, online system for project management and collaboration. For more information, contact Bricsnet at 415-321-2650 or visit www.bricsnet.com.
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Bricsnet
David Karpook, 415-321-2654
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