Aug 12, 2010

Built-in Integration to Property Management Systems Provides Real Estate Investment Managers with Fast Track to Business Intelligence

2010-08-12 2010 Built-in Integration to Property Management Systems Provides Real Estate Investment Managers with Fast Track to Business Intelligence Resolve Technolog...

2010-08-12 2010 Built-in Integration to Property Management Systems Provides Real Estate Investment Managers with Fast Track to Business Intelligence Resolve Technology’s “Step Up to BI” Program Delivers Upgraded Reporting and Analytics to Users of Property Management Systems in as Little as One Day

Resolve Technology, a CoStar company, today announced a new program enabling real estate investment management firms to upgrade their reporting capabilities in as little as one day.

Utilizing built-in connectors to property management systems, Resolve’s “Step Up to BI” program offers a fast track implementation of advanced business intelligence capabilities to users of property management systems.

Already used by leading real estate investment firms, the solution allows these organizations to overcome limitations of the reporting capabilities provided by their property management software, limitations that cause many organizations to rely on spreadsheets and printouts to deliver information to managers and decision makers. The “Step Up to BI” program offers companies a quick return on their investment through the opportunity to upgrade their decision-making capabilities with timely and easily accessible management-level information.

Resolve’s business intelligence solution puts timely and reliable information coupled with dynamic analytical capabilities directly in the hands of decision makers throughout the organization, enabling real estate investment management companies to:

• Automate the creation of historical, budget, and pro-forma financial and operational reports
• Accelerate decision cycles with interactive customizable dashboards, on-the-fly charts, and drill-down capabilities accessible to every user
• Quickly act on items that require immediate attention by alerting managers to performance exceptions
• Minimize the burden and cost of manually creating reports for decision makers and investors
• Ensure the timeliness, integrity, and visibility of investment information

“Increased market volatility, a tighter lending environment, and lower tolerance to risk are placing a new level of pressure on investment managers. This in turn is driving a wave of demand for timely, reliable, and comprehensive information,” said Eric Forman, President and CEO of Resolve Technology. “Our latest integration technology and the fast track implementation program are designed to help real estate investment organizations step up to these demands. The result is that getting a BI solution in place is now quicker, easier, and more affordable than ever before.”

Additional information about the Resolve solution and the Step Up to BI program will be presented in a web seminar (webinar) that will be held Wednesday, August 18 at 2pm EDT. The webinar will include a panel discussion with representatives from two leading real estate investment management firms — Principal Global Investors and Healthcare Trust of America (HTA) — who will discuss the business drivers, results, and lessons learned from their BI implementations. To register for the web seminar, go to

About Resolve Technology

Resolve Technology, a CoStar Group, Inc. (Nasdaq: CSGP) company, helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve’s solutions help ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence and speed that we believe cannot be achieved with the traditional manual, spreadsheet-intensive processes. Resolve’s products are used by some of the world's leading advisory and investment management firms, REITs, and life insurance, pension fund, and banking institutions. Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is a wholly owned subsidiary of CoStar Group, Inc., and is headquartered in Needham, Massachusetts. For more information, visit

About CoStar Group, Inc.

CoStar Group, Inc. (Nasdaq:CSGP) is the number one provider of information, marketing and analytic services to commercial real estate professionals in the United States as well as the United Kingdom. CoStar's suite of services offers customers access via the Internet to the most comprehensive database of commercial real estate information throughout the U.S. as well as in the United Kingdom and France. Headquartered in Bethesda, MD, CoStar has approximately 1,500people working for the Company worldwide, including the largest professional research organization in the industry. For more information, visit

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations, beliefs, intentions or strategies regarding the future. These statements are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. More information about potential factors that could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including CoStar's Form 10-K for the year ended December 31, 2009, and CoStar’s Form 10-Q for the quarter ended June 30, 2010, under the heading "Risk Factors." In addition to these statements, there can be no assurance that the “Step Up to BI” program will result in a quick return on a company’s investment and that implementing Resolve’s BI solution will be quicker, easier and more affordable than other alternatives. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements.