Manhattan Software Announces Strategic Partnership With Indiabulls for Enterprise Real Estate Consulting

MILFORD, Mass., Feb. 6, 2012 /PRNewswire/ -- Manhattan Software, the global leader in enterprise real estate software and a leader in the 2011 Gartner Magic Quadrant for Integrated Workplace Management Systems, announced today a strategic partnership with Indiabulls Real Estate.  Indiabulls Real Estate views the partnership as a strategic component in the capability of their IT team. Indiabulls will bring Manhattan's enterprise real estate solutions to the Indian, Middle-Eastern and Southeastern marketplace.  Indiabulls Real Estate is one of the largest real estate companies in India with development projects including high-end office and commercial complexes, premium residential developments, mega townships, retail spaces, state of the art special economic zones and infrastructure development. 

In a recent corporate financial brief, it was noted how corporate real estate holdings in India have emerged as a dynamic asset class which now requires strategizing and optimizing an organization's real estate portfolio.  The ability for Indiabulls to implement Manhattan's Integrated Workplace Management System (IWMS) and Computer-aided Facility Management (CAFM) software will provide corporations and government institutions with the necessary applications to have the most comprehensive knowledge of their real estate property portfolios and be able to:

• Reduce the total cost of occupancy
• Increase visibility into scheduling, planning and decision making on the entire portfolio
• Improve collaboration to reduce expenses and time-to-market
• Increase productivity of both staff and built resources

"Partnering with Indiabulls complements and extends Manhattan Software's growth into the global real estate community," said Craig Gillespie, CEO of Manhattan Software, Americas. "As the leading enterprise real estate software company in the world, we are committed to providing the best solutions to our customers wherever they are.  As we grow our footprint in India, we could not have chosen a better partner than Indiabulls for implementation of Manhattan Software applications.

"Indiabulls is excited to be partnering with Manhattan Software," said Tejinderpal Singh Miglani, Chief Information Officer of Indiabulls Group. "Their IWMS and CAFM solutions add to our existing domain knowledge and portfolio of solutions for real estate developers and corporate real estate teams. Our presence in India, Africa and Asia Pacific, combined with their product strength, shall be an ideal agent of growth for both organizations."

About Manhattan Software
Manhattan Software is the global leader in enterprise real estate software.  Manhattan is focused on improving the performance of our clients' real estate portfolios and facilities around the globe.  Manhattan Software offers two product suites: Manhattan, the top-ranked Integrated Workplace Management Solution (IWMS) and CenterStone, the leading Computer Aided Facility Management (CAFM) software product.  As an integrated suite of products – including integration with enterprise resource planning (ERP) systems, geographic information systems (GIS), and building information modeling (BIM) and CAD tools – Manhattan Software solutions improve clients' performance by enabling seamless management of all aspects of their real estate operations and portfolio. Manhattan is an advanced, web-based real estate lifecycle solution that readily integrates into an organization's existing infrastructure.

For additional information, visit www.manhattansoftware.us.

About Indiabulls
Indiabulls Group is one of the top 15 business houses in India with business interests in Real Estate, Infrastructure, Financial Services and Power sector. Indiabulls Group companies are listed in Indian and overseas markets and have a networth of 4 Billion US Dollars.

About the Magic Quadrant
The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

SOURCE Manhattan Software