Trammell Crow Company Expands Its Long-Standing Relationship With Meridian Project Systems
TCC expands offerings to its project management clients through .NET and Web Services with Proliance
FOLSOM, Calif. (July 23, 2003) -- Meridian Project Systems (Meridian), a leading software and application service provider of project management solutions, announced today that Trammell Crow Company (NYSE:TCC) selected Meridian to provide the first enterprise business process management solution for the corporate real estate and construction market. Trammell Crow Company is a diversified real estate services firm that implemented Meridian applications two-years ago to provide integrated solutions to its corporate and institutional clients worldwide. This new multi-year agreement includes deploying Proliance for Trammell Crow Company's Project Management group.
This partnership is a key step for Meridian in bringing to market Proliance, a new paradigm for managing projects, programs and process across global organizations. Proliance is targeted to meet the needs of large owners with diversified property portfolios, as well as architecture, engineering and construction (AEC) companies. As Meridian' third-generation Internet technology platform, Proliance allows global companies to realize the benefits of business process management across the enterprise.
Trammell Crow Company selected Proliance because it utilizes a platform built on Web Services and XML using the Microsoft .NET application framework. Proliance is built on a powerful foundation of Platform Services that include workflow automation, action and distribution management, security, file management and reporting, and communication tools.
"As a long-standing customer, Trammell Crow Company was able to provide its real estate expertise to assist Meridian as they developed the Proliance platform," said Steve Henry, CIO at Trammell Crow Company. "Our two-year relationship with Meridian has helped produce a critical system platform that provides valuable integration points and facilitates TCC's superior project management service delivery," added Henry.
Modular business applications incorporate Proliance's platform services and include features that help companies automate specific areas of their business (i.e. manage budgets, costs and contracts, perform office data functions, view and redline design documents, and manage purchasing and site development).
"Over the last two years, our teams have integrated Meridian's products with the Trammell Crow Company Project Management PlaybookSM," said Ken Loeber, Managing Director of Project Management at Trammell Crow Company. "This combination of our best practices and Meridian's industry leading solutions has allowed our project managers to become both more efficient and more effective. Our clients now receive an even greater level of service consistency through these enhanced tools," added Loeber.
"We are excited to have the support of Trammell Crow Company as we bring our next generation business process management (BPM) solution to market," said Jim Olsen, Meridian chief executive officer. "As one of our earliest supporters for Proliance, Trammell Crow Company has been key in helping us gain momentum behind this new technology paradigm."
Proliance's built-in workflow automates business processes for every function within an organization, allowing Trammell Crow Company to reduce the time and effort to process information, and enforce best practices company wide. Proliance is capped by a business intelligence dashboard that reports on key performance indicators across all projects and programs, providing valuable metrics on how to increase profitability and grow revenues across the company.
In addition to these capabilities, Trammell Crow Company will leverage Proliance's robust Budget and Contract Management functionality, and Proliance's Vendor Management capabilities to manage thousands of clients, contractors, and subcontractors across geographies.
About Trammell Crow Company
Founded in 1948, Trammell Crow Company is one of the largest diversified
commercial real estate services companies in the United States. In offices
throughout the United States and Canada, Trammell Crow Company is organized
to deliver building management, brokerage, project management, and development
and investment services through its Global Services Group and Development
& Investment Group to both investors in and users of commercial
real estate. The company delivers services in Europe and Asia through
its strategic alliance with Savills plc, a leading property services
company based in the United Kingdom, and the jointly owned outsourcing
company Trammell Crow Savills Limited. In addition, the company has
offices in Chile, Argentina, Brazil and Mexico. Trammell Crow Company
is traded on the New York Stock Exchange under the ticker symbol "TCC"
and is located on the World Wide Web at www.trammellcrow.com
About Meridian
Meridian Project Systems (Meridian) develops project management solutions
that improve financial performance and reduce risk on large corporate
real estate projects and other capital-intensive construction initiatives.
More than 7,500 of today's leading business enterprises, government
agencies, and AEC (architecture, engineering, and construction) firms
use Meridian products to accurately plan, budget, and track all aspects
of the real estate project lifecycle.
Meridian is also unique in providing both self-hosted software and hosted ASP-based solutions, and ranks as the market share leader in project management software and collaboration software used by construction companies over $250 million in revenue*.
In the Business of Projects since 1993, Meridian appeared on Inc Magazine's INC 500 list of fastest growing companies in the United States in both 2000 and 2001. Meridian is headquartered in Folsom, Calif., with offices in Düsseldorf, Germany; and Vancouver, British Columbia with additional representation through its global channel partner network in locations around the world.
*Statistics excerpted from CFMA's 2002 Information Technology Survey for the Construction Industry, fourth edition with the permission of the Construction Financial Management Association, Princeton, NJ, 609-452-8000.
Media Contacts
Sue Watkins
Meridian Project Systems
(916) 294-2136
swatkins@meridiansystems.com
www.MeridianSystems.com
Jill Renken
Trammell Crow Company
(214) 863-4280
JRenken@trammellcrow.com
