http://www.resolvetech.com/company/press-releases/ Latest Resolve Newsen-us Thu, 05 Oct 2006 23:43:45 GMTThu, 25 Feb 2010 18:39:58 GMT http://www.resolvetech.com/company/press-releases/?i=1293Investment Managers and Lenders Can Streamline Debt Management, Project Future Payments & Obligations, Proactively Assess and Manage Risk Needham, Mass., February 22, 2010 -- Resolve Technology, a CoStar Group company and leading provider of real estate investment management software, announced the availability of Resolve Debt, a new software solution that helps investment managers and lenders streamline the management of real estate debt. Serving as a single repository for loan terms, payment schedules, balances, due dates and collateral information, Resolve Debt centralizes debt information so it is easily accessible and up-to-date. The software enables investment managers to project future loan obligations, assess their ability to pay and maintain compliance with loan terms and covenants, and identify and manage potential risks related to their entire debt portfolio. Additional benefits provided by Resolve Debt include: Standardizing debt calculations for consistency and ease of use Tracking up-to-date and projected collateral valuations and debt ratios Analyzing multiple scenarios to optimize debt strategies and minimize risk Increasing investor confidence with greater transparency to debt positions and risk metrics Streamlining compliance with FAS 157 debt valuation regulations “With asset valuations in flux, limited capital sources, and strict financing guidelines, tight control of debt is critical to real estate investment managers and lenders these days,” said Eric Forman, Resolve Technology’s CEO. “Resolve Debt provides a timely solution to one of the greatest challenges facing the real estate investment community today.” “Addressing timely trends by providing valuable tools is essential in today’s commercial real estate market,” added Andrew Florance, CEO of Resolve’s parent company CoStar Group. “The addition of Resolve Debt truly rounds out Resolve’s suite of products, and I believe it is another strategic advantage that will appeal to a large number of banks and institutions and ultimately expand the overall market for CoStar’s services.” To learn more about Resolve Debt, visit http://www.resolvetech.com/products/resolve-debt or sign up for a weekly product webinar every Thursday at 1pm EST at http://www.resolvetech.com/resources/webinars/resolve-debt-solution-webinar. About Resolve Technology Resolve, a CoStar Group, Inc.-owned 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, REIT’s, 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 www.resolvetech.com. 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 1,400 people working for the Company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com. ### 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 Resolve’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, 2008, and Form 10-Q for the quarter ended September 30, 2009, under the heading "Risk Factors." In addition to these statements, there can be no assurance that Resolve Debt will expand the overall market for CoStar's services. All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update such statements. Mon, 22 Feb 2010 08:00:00 GMT http://www.resolvetech.com/company/press-releases/?i=1266Record Number of Companies Participate in Resolve's Annual Client Summit Needham, MA, November 6, 2009 -- Gathering in Boston for the 2009 Resolve Client Summit, representatives of leading real estate investment management firms discussed how they are able to address the increasing urgency of risk management requirements and the escalating demand for information, despite the fact that most organizations operate with fewer resources than in the past. "Resolve enables our people to get away from data entry and do what they were hired to do, which is analyzing information and making good investment decisions," said James Strezewski, Senior Vice President at the LaSalle Investment Management Excelsior Fund. Clients attending the summit also were among the first to learn of Resolve's acquisition by CoStar Group, Inc. CoStar's President and CEO Andrew Florance affirmed the strategic value he sees in Resolve's products and provided an overview of plans to integrate Resolve's products with CoStar's industry-leading data as well as market analysis and forecasting from another CoStar-owned company, Property and Portfolio Research, Inc. The 2009 Resolve Client Summit drew representatives of the commercial real estate industry's leaders to discuss the challenges facing the real estate investment management sector and share strategies and tactics used by organizations to address these challenges. Common trends pointed out by Summit participants include: Analysts and decision-makers are challenged to quickly understand the implications of changing market conditions. Many of them had to quickly refocus their attention from analyzing acquisitions to preparing complex debt and cash-flow analysis. "Debt is a too critical part of the business to be managed separately from the entire portfolio, especially during this point in the business cycle," declared Jay Silvia, Vice President of Portfolio Reporting at New Boston Fund. "We are using Resolve's Portfolio Maximizer to replace more than 40 waterfall spreadsheets and a custom debt database with one centralized system, providing greater speed and consistency to our debt and portfolio management practices."   Most companies operate today with fewer resources so automating information gathering, analysis and reporting is key to keeping up with the growing demand for timely and reliable information. "We get frequent questions about our exposure to certain tenants," said one of the users of Resolve Technology's Request service speaking at the Summit. "Prior to Request, it would have taken us several days to gather this information from different Excel spreadsheets, our property management system, and our forecasting application. With Request, we can now get all the information we need within a few minutes."   Investors and lenders are demanding greater transparency to the management of their funds, and there is a heightened emphasis on the accuracy and integrity of information. "Everything is scrutinized with a magnifying glass," said one of the participants. One Request customer described how they are using the system to provide their Limited Partners with direct visibility over the web to real-time information about their investments. "As capital becomes scarcer, we believe that investment managers that are able to provide investors with real time updates of their investments will have easier access to new capital," explained Resolve CEO Eric Forman. Forman also said Resolve's customers are excited at the potential to expand Resolve's business intelligence and analytics platform under CoStar. "CoStar and Resolve share the same vision on the strategic direction of our company. Joining forces with the industry's strongest research and data provider is strengthening our ability to invest in our business and accelerate our growth," said Forman. "We're looking forward to combining Resolve's business intelligence tools with CoStar's extensive data on commercial properties, tenants and sales transactions. We believe that these will provide our clients with greater insight for analyzing how current and forecasted market conditions affect their portfolios, resulting in more timely, information-driven investment decisions." Also during the Summit, Forman reaffirmed Resolve's commitment to its partnership with ARGUS Software and advancing the companies' productive relationship. "We greatly value our agreement with ARGUS to more closely integrate and align our offerings and we look forward to building upon our successful partnership." Thanks to the growth in Resolve's customer base over the past year, Summit attendance was marked by a record number of participating companies, despite travel budget cuts at many client organizations. "We had to choose just one event we could attend this year," said Michael Pearce, Vice President of Information Technology at Bentall Capital. "We chose the Resolve Client Summit because of the great value we get at these events and the strategic importance of Resolve's solutions to our company." About Resolve Technology Resolve, a CoStar Group, Inc.-owned 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, REIT's, life insurance, pension fund, and banking institutions, that manage over two billion square feet of real estate worth more than half a trillion dollars. 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 www.resolvetech.com. 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 1,400 people working for the Company worldwide, including the largest professional research organization in the industry. For more information, visit www.costar.com. ### 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 Resolve'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, 2008, and Form 10-Q for the quarter ended June 30, 2009, under the heading "Risk Factors." In addition to these statements, there can be no assurance that CoStar Group will integrate Resolve's products with...Fri, 06 Nov 2009 08:00:00 GMT http://www.resolvetech.com/company/press-releases/?i=1262BETHESDA, Md., Oct. 20, 2009 -- CoStar Group, Inc. (Nasdaq:CSGP), the number one provider of information, marketing and analytic services to the commercial real estate industry, today announced the acquisition of Resolve Technology, Inc., a leading provider of business intelligence and portfolio management software serving the institutional real estate investment industry. Resolve was founded in 1990 by CEO Eric Forman and is based in Needham, Mass. Its clients include many of the world's leading real estate advisory and investment management firms, REITs, pension funds, and life insurance companies. Resolve's Request and Portfolio Maximizer software solutions enable investment managers to integrate data spread over numerous disconnected systems and countless Excel spreadsheets in one centralized information solution for the management of their real estate investments. Resolve's investment analysis tools automatically consolidate historical, budget, and pro-forma financial and property information. They also tie together information related to assets, debt, and partnerships so clients can quickly understand the impact on performance and returns. The software facilitates the analysis of historical and forecasted performance of investments and enables what-if scenarios in order to optimize the performance of real estate portfolios. According to CoStar Group President and CEO Andrew Florance, the strategic acquisition is expected to further strengthen the appeal of CoStar's, PPR's and Resolve Technology's offerings to a broad range of investors, financial institutions, and advisory firms engaged in direct real estate investments. "CoStar and PPR's tools can become much more valuable when presented in context with the client's own asset information," Florance stated. "Resolve's sales efforts can benefit from CoStar's strong balance sheet -- and from CoStar's scale in marketing and sales. In addition, we believe Resolve can also become much more valuable when it uniquely integrates client information with CoStar's leading independent third party market information and forecasts." "For example, Resolve's tools have always made it easy for a client to quickly identify a property in their portfolio with a higher-risk concentration of lease expirations within a given year," Florance continued. "What it could not tell you was whether or not those lease-rollovers were likely to result in lower or higher net operating incomes for the property. Once the CoStar and PPR data is integrated with Resolve's products, a client will be able to understand immediately whether or not current market rents are higher or lower than the expiring rents, and whether or not similar properties are leasing quickly or not at all. We believe this enhanced capability will be invaluable for institutional investors with larger, complex portfolios in different property types spread over many markets." "The ability to support rapid buy-sell-hold decisions based on accurate data and thorough analysis is a paramount concern for institutional investors and lenders alike," said Florance. "Using Resolve's technology, portfolio managers can quickly evaluate different acquisition, disposition and financing strategies, and accurately measure and track complex risk parameters much more effectively." In addition, Florance said the acquisition is in keeping with CoStar's announced strategy of capitalizing on the current environment to leverage its strong financial position and acquire companies that can support strong strategic long-term growth. "For more than 20 years, CoStar has focused on expanding our research and market coverage to offer the most comprehensive source of commercial real estate information available online," added Florance. "Having largely completed our comprehensive domestic market coverage, we are increasingly focused on helping our subscribers do more with the enormous amount of information available to them. We believe that providing additional, value-added options for accessing and analyzing commercial real estate information will enhance CoStar's value for existing clients, and appeal to a large number of firms in the investment, banking and financial services sectors, ultimately expanding the overall market for our services." "I am very excited about the potential to expand our business intelligence and analytics platform under CoStar," stated Resolve Technology CEO Eric Forman. "Our vision, which is shared with CoStar, is to provide automated processes and technologies that empower the real estate investment industry to make timely, information-driven investment decisions. Given CoStar's unmatched resources for aggregating and making available a wealth of property, tenant and sales information, and its extensive client relationships, I expect the combination of our firms will speed the widespread adoption of this more efficient and cost-effective technology in the marketplace." The acquisition will have no effect on CoStar Group's third quarter 2009 results, scheduled to be released on October 21, 2009, and the Company reaffirms its guidance for the third quarter. Also, the acquisition is not expected to significantly affect CoStar Group's 2009 revenue and earnings. A more detailed discussion of the acquisition is planned for CoStar Group's Third Quarter 2009 Conference Call scheduled for Thursday, October 22, 2009. About Resolve Technology Resolve Technology helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve's solutions ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence, and speed. Resolve's products are used by the world's leading advisory and investment management firms, REITs, life insurance, pension fund, and banking institutions, managing over two billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is headquartered in Needham, Massachusetts. For more information, visit www.resolvetech.com. Shasta Partners, LLC advised Resolve Technology on this transaction. 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 1,400 people working for the company worldwide, including the largest professional research organization in the industry. For more information, visit http://www.costar.com. 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, 2008, and CoStar Form 10-Q for the quarter ended June 30, 2009, under the heading "Risk Factors." In addition to these statements, there can be no assurance that Resolve's...Tue, 20 Oct 2009 12:55:00 GMT http://www.resolvetech.com/company/press-releases/?i=1261Analyst Research Note Highlights the Importance of Timely Detailed Reporting in Countering the Risk of Unexpected Downturn in Asset Performance Needham, Mass., October 19, 2009 - A recent research note written by a leading REIT analyst highlights the importance of up-to-date and accurate reporting to investor confidence. Providing management with timely visibility into past and projected asset performance across the portfolio, the centralized reporting system gives management the ability to accurately predict asset performance and avoid unexpected downturn, according to the research note. A recent survey conducted by Resolve shows that despite the importance of reporting to both real estate investors and investment managers, an overwhelming majority of real estate investment managers are challenged by inadequate reporting capabilities. According to the survey, these shortcomings result in difficulties and failures to make timely and informed decisions, consequently compromising business results and increasing risk. "We are gratified to see our business intelligence solution contributing to such a favorable analyst rating,” said Resolve’s CEO Eric Forman. “It reaffirms our belief that timely and complete information is crucial to investment performance and investor confidence. Real estate investment managers that have access to real-time analysis are able to gain a competitive advantage by acting with greater insight, confidence, and speed.” About Resolve Technology Resolve helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve's solutions ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence, and speed that cannot be achieved with the traditional manual, spreadsheet-intensive processes. Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over two billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is headquartered in Needham, Massachusetts. For more information, visit www.resolvetech.com.Mon, 19 Oct 2009 07:00:00 GMT http://www.resolvetech.com/company/press-releases/?i=1258Survey Shows Reports’ Inaccuracies, Latency, Lack of Analytical Capabilities Hinder Ability to Access Meaningful Information in a Timely Manner Needham, Mass., August 18, 2009 -- A survey of commercial real estate investment managers reveals major challenges related to the collection and delivery of timely, accurate, and meaningful information to decision makers. According to the survey, these shortcomings result in difficulties and failures to make timely and informed decisions, consequently compromising business results and increasing risk. Based on responses from over 70 industry representatives, an overwhelming majority of real estate investment managers still relies on print and static electronic formats that provide decision makers with little or no analytical capabilities. In addition, data collection and reporting processes are heavily manual, resulting in major challenges related to the time and effort involved in creating reports as well as ensuring data accuracy, consistency, and completeness. Survey respondents cited reports accuracy, timeliness, and clarity of presentation as the most important to business success. At the same time, these attributes were at the bottom of the list in terms of respondents' satisfaction given the current state of their reporting capabilities. Survey results further show that with data collection and report creation predominantly manual, the information is often outdated by the time a report is completed and distributed. As a result, it is often too late to take corrective action by the time this information reaches the appropriate decision makers. "The survey paints an alarming picture of the inability of the industry to adequately process information and make timely decisions based on accurate data and solid analysis," says Eric Forman, Resolve Technology's President and CEO. "Without timely and accurate information, the organization is not as agile and aware as it should be. Ultimately, it leads to poor business decisions, suboptimal investment performance, and overexposure to risk." "The good news," adds Forman, "is that correcting this situation is completely in the hands of these organizations. We have solutions that already help many of the leaders in the industry overcome these challenges and ensure the timeliness, integrity, and visibility of investment information." Click here to download the complete survey results. About Resolve Technology Resolve helps institutional real estate investors and investment managers make timely and informed decisions that maximize returns and minimize risk. Resolve's solutions ensure the timeliness, integrity, and visibility of investment information, enabling historical and forward-looking analysis to be performed with insight, confidence, and speed that cannot be achieved with the traditional manual, spreadsheet-intensive processes. Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over two billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, and UBS. Founded in 1990, Resolve is headquartered in Needham, Massachusetts. For more information, visit www.resolvetech.com. ### All companies and products listed herein are trademarks or registered trademarks of their respective holders.Tue, 18 Aug 2009 07:00:00 GMT