Manhattan Software Joins OSCRE to Promote Standardization for the Global Real Estate Industry 

New York, NY – October 15, 2005  –  Manhattan Software today announced that the company would  work with the Open Standards Consortium for Real Estate (OSCRE) to develop interoperable data  exchange standards in an effort to improve the flow of information throughout the Real Estate supply chain.   Manhattan is the leading global corporate real estate, facility and asset management system utilized by  many global companies and governments.  These are two groups which have grown significantly in the last  year, with many recognitions coming from industry professional organizations.  Manhattan was recently  listed as one of the top 500 Software Companies in the world (www.softwaremagazine.com), while OSCRE  recently received the Realcomm Digie Award for the most innovative technology created for real estate  transactions.  Digie Awards are given to those firms and individuals who have demonstrated a commitment  to advancing the real estate industry through the strategic use of technology and automation.

“Manhattan Software is pleased to be able to now work more closely with CEO Andy Fuhrman and his  prestigious leadership team in advancing the standardization efforts around the world for the real estate and  facilities industries”, says Nick Moore, President of Manhattan Software. “The OSCRE membership expands  the standards work we have done with PISCES in Europe, as well as what we have been working on in  Asia.  Besides implementing a number of large, global Integrated Workplace Management Systems (IWMS)  this year, Manhattan has embarked on an ambitious research program.  We are focusing on each industry’s  pain points and investigating how these problem areas can be positively impacted by the corporate real  estate group.  We are making sure companies can use our IWMS tools to drastically reduce occupancy  costs while increasing the productivity of both in-house and outsourced service providers.  The OSCRE  standards work will greatly increase our efforts.”  Mr. Moore, along with chief researcher, Nancy Johnson  Sanquist, have recently wrote a number of articles on the utility industry and real estate, the CFO, CIO and  Chief Workplace Strategist and the importance of IWMS to the CoreNet 2010 vision.  They are available at  www.manhattancenterstone.com. 

“We are very pleased to have Manhattan as a supporting member of OSCRE. In addition to their  participation in standards development, movement of data in and out of Manhattan products will help further  extend interoperability to other stakeholder operations and their respective technologies thereby reducing  cost of operations and deployment speed for the Owner, Operator, and Investment community”, said  OSCRE CEO Andy Fuhrman.  OSCRE was created in 2003 and includes membership from corporations,  federal agencies, service providers, real estate brokers, professional organizations, appraisers, as well as  software vendors and suppliers. 

About Manhattan Software, Inc
Manhattan Software, Inc. is a full service corporate real estate and facilities management software company  focused on the support of Fortune 500 corporations and government.  Manhattan offers an Integrated  Workplace Management Solution (IWMS) to support the full real asset lifecycle, from field operations to  corporate reporting and KPI management.  Manhattan’s open architecture offers ready integration with third  party applications driving operating efficiencies.  See www.manhattancenterstone.com for recently authored  white papers on IWMS for the CFO, CIO and CRE.

About OSCRE America 
The Open Standards Consortium for Real Estate (OSCRE) is a 501(c) 6, non-profit organization of industry  leaders driving development and adoption of e-business standards using the OSCRE Standard  TM an  electronic data exchange model. OSCRE supports the real estate supply chain, representing stakeholders  who use real estate as either an Investment, by investors, owners, brokers, and advisors who buy and sell  assets as their core business; or a Resource, by owners, operators, and tenants who manage or use the  portfolio of space as a facility.  See www.oscre.com.

Contacts:      
Nick Moore, President
Manhattan Software, Inc.
208 West 30 th Street, Suite 802
New York, NY  10001

Andy Fuhrman, CEO
Open Standards Consortium for Real Estate (OSCRE)
799 Summit Avenue       
Santa Cruz, CA  95060