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For More Information, Contact:
Wayne Mei
Media Relations
214.665.1334
meiw@fleishman.com
QUAREM™ RELEASES VERSION 3.0 OF
Quarem ALT Version
3.0 features three new modules specifically customized for construction,
property development and property management applications. Functionality upgrades include more powerful tools for managing
budgets, document edits and comments, and fees tracking. Additional features also help facilitate file
generation and interaction between project team members. Quarem ALT Version 3.0 also includes a data
backup redundancy that allows users to independently restore and modify
information in the portfolio database offline.
“Quarem ALT 3.0 can
significantly reduce transaction cycle times, expand production capacities
and increase vendor accountability,” said John Rice, Quarem chief executive
officer and co-founder. “Corporate
users throughout North America are responding tremendously to the efficiency
and accountability created by collaborative applications such as Quarem
ALT.”
The pricing schedule
for Quarem’s ALT Web-based transaction and portfolio management system
depends on variables including whether the application is client server
or Application Service Provider (ASP) hosted.
Pricing also is determined by the number of licensees or number
of real estate properties involved in each deployment.
Toshiba America Information
Systems will use Quarem’s Active Lease Technology software to manage
its 750,000-square-foot real estate portfolio of leased and owned properties
in North America. “Quarem has
provided an easy avenue for our department to consolidate existing processes
while significantly increasing communications and productivity,” said
John Greene, director of facilities and site services for Toshiba America
Information Systems.
Quarem ALT also serves
as Toshiba America Information Systems’ online transaction management
system, which allows collaboration between all parties involved to locate,
negotiate and execute commercial real estate leases and sales.
“You
clearly can see the real estate industry experience built into the software,”
said Cindy DiPietro, associate facilities planner for Toshiba America
Information Systems. “Quarem ALT addresses our needs; it’s an easy-to-use
portfolio management system that gives us the ability to manage every
aspect of our projects including allowing us to instantly generate RFPs,
lease documents, proposals and sales contracts. The ALT system also automatically tracks all changes to edited documents
and records so we know when changes were made and by whom.”
Quarem Active
Lease Technology (ALT™) Features:
§
Secure document
storage
§
E-mail and fax
capabilities
§
Extensive properties
database
§
Automatic critical
date management
§
Graphical transaction
milestone management
§
Lease abstracts
§
Dynamic stacking
plans
§
Full contact
management database
§
Dynamic contract
generation
§
Integrates well
with other software packages
Quarem ALT also has
full integration capabilities with other applications including Enterprise
Resource Planning (ERP), Customer Relationship Management (CRM), accounting,
finance, mapping as well as other real-estate specific software applications. Quarem ALT has an open platform extension that
facilitates seamless integration from most legacy data sources to Web-based
transactions. These legacy systems
include AS/400, SP R/3, J.D. Edwards, PeopleSoft and Oracle Financials.
Additional Quarem
Active Lease Technology customers include brokerage firms Anchor Commercial,
NAI Stoneleigh, Huff, Brous, McDowell, Gallagher Commercial and Masthead
Realty Advisors. Property management
firm Huff, Brous, McDowell Management also uses Quarem’s ALT system.
About Quarem
Quarem™ is an Application
Service Provider (ASP) headquartered in Dallas, Texas. The company develops and licenses Web-based
transaction and portfolio management software applications and provides
consulting services for the commercial real estate industry. The company's
flagship offering is Quarem Active Lease Technology (ALT™), a comprehensive
transaction and portfolio management system that enables users to contribute
and access information in one centralized location. Quarem ALT users include brokers, corporate property managers and
commercial real estate service vendors. The 100-percent Java-based software
is database agnostic, which enables users to easily exchange information
and edit critical documents with Quarem ALT regardless of which back-end
systems they use. Quarem ALT is available to users on both an ASP and
client-server basis. Quarem is a division of Cerebis, LLC. For more
information, please visit www.quarem.com.
Quarem ALT(™) is
a trademark of Cerebis LLC.
About Toshiba America Information
Systems (TAIS)
Toshiba
America Information Systems, Inc. (TAIS) is a leading U.S. manufacturer
and marketer of state-of-the-art PCs, servers and office solutions equipment
with an emphasis on business- and information-oriented products. TAIS is headquartered in Irvine, California. TAIS has approximately 2,000 employees nationwide
and has annual sales of approximately $2.5 billion.
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