December 8th, 2009 – OSCRE (the Open Standards Consortium for Real Estate), today announced that Trace Solutions, leading UK property investment/management software provider, is now qualified to offer its leading brands BlueBox, TRAMPS and o6ix as standards compliant solutions delivering new opportunities for increased efficiencies to its client base of property investors and property management firms.

The new solution will enable property investors to get new property portfolios up and running with greater speed offering a faster route to revenue generation. They will also be able to gather accurate valuation and management data at speed for improved portfolio and risk management and will have greater flexibility in their choice of managing agent, since by using a standards-based solution they will be able to communicate and transact data with any managing agent regardless of the software they are using.

Property management firms will be able to offer a much improved service to their investment clients through improved management reporting facilities and faster, more reliable portfolio data imports and exports to clients’ systems. This will also open the door to making considerable savings through simpler automated lease and rent related processes.

Stephen Spooner, Executive Chairman at OSCRE said: “The Portfolio Information Exchange (PIE) Standard has been developed by the leading property investment firms, for the leading property investment firms and can be used to facilitate both large data migrations and day to day processes such as the generation of new or renewed leases, rent adjustments, and change of tenant updates. Once an investor or property manager has the standard in place they can transact data to any third party with ease and at speed. The opportunity for time and cost saving is substantial.”

Mick Flynn, Managing Director of Trace Solutions commented: “Trace Solutions is the first investment and property management software provider to offer a fully OSCRE PIE Compliant solution. This means we can now furnish our clients with additional competitive edge built around the faster, simpler and more efficient movement of data within and between systems and suppliers. Data manipulation can now be completed eliminated, which not only saves time but increases the accuracy of data being moved and used for increasingly important reporting functions.”

OSCRE has recently been created from the merger of PISCES with OSCRE Americas in response to market and member demand for data standards that will support the increasingly global real property market.

About OSCRE (the Open Standards Consortium for Real Estate)

OSCRE is a not for profit market led initiative that facilitates increased business productivity through the development and delivery of standards across the real property sector.

OSCRE’s mission is to drive the standards development process among key real estate stakeholders, including owners, tenants/occupants, investors, operators, developers, service providers, regulatory agencies, consulting firms, vendors and suppliers - to benefit all stakeholders and enable the real estate industry to function more efficiently in the digital economy. OSCRE is the only global e-commerce standards body for the real property sector.

The organisation is funded by its members, whose valued financial and professional contribution enables the continuation of the work of OSCRE. For more information please visit our website at http://www.oscre.org.