Contact Information: Press Contact: Traci Williams Sage Software 503-439-5919 traci.williams@sage.com
Sage Software and iLumen Partner to Deliver Financial Analysis Benchmarking for the Construction and Real Estate Markets
iLumen's Easy-to-Use Financial Network Now Available to Sage Software Clients Using Sage Timberline Office or Sage Master Builder
| Source: Sage Software
BEAVERTON, OR -- (MARKET WIRE) -- November 7, 2006 --Sage Software and iLumen announced today an
agreement to make the iLumen Financial Information Network available to
Sage Timberline Office and Sage Master Builder clients. The iLumen Network
is the nation's largest online financial benchmarking community for
privately-held companies.
Sage Software clients that join the iLumen Network will be able to access
information that will help them better understand how they are performing
against comparable industry peers throughout the year by accessing industry
specific financial dashboards, benchmarking trends, expert analysis and
peer group discussion forums.
"The construction and real estate industries are very competitive, and
historically, reliable benchmarking for privately-held companies has not
been readily available," said John Geffel, Senior Vice President and
General Manager of Sage Software Construction and Real Estate Solutions.
"With iLumen's benchmarking infrastructure and expertise, we believe we can
help our customers gain unique insights into how they can improve their
business in very specific and practical ways."
For as little as $395 per year, companies get access to the iLumen Network
that includes trend analysis dashboards and graphs, financial benchmarking
comparisons, access to industry observations and analysis through webcasts
and discussion topic forums. The process is simple and easy to update. Upon
subscribing, a company exports their financial data directly out of their
existing Sage Software systems. iLumen then standardizes and aggregates the
company's data and presents financial trends in easy to read dashboards and
comparative charts.
"We've been working with Sage Software to provide benchmarking information
to a variety of their clients and business partners and are thrilled to be
able to now offer this data to their construction and real estate clients,"
said Robert H. Woosley, CPA and Chief Executive Officer of iLumen.
"Privately-held businesses in these industries will now have access to the
same level of financial and comparative analysis that has only been
available for public companies. These businesses will now be able to make
observations about the trends in their industry, see how they are
performing versus their peers and share this information with their trusted
financial advisors."
The iLumen Financial Information Network is comprised exclusively of
company financial data anonymously contributed from privately-held
companies. The data is aggregated in a standardized format, is frequently
updated and does not include any third party sources. iLumen has formed
partnerships with banks, accounting firms, and trade and industry
associations to deliver their services to privately-held companies.
iLumen's customers include Wachovia Corporation, RSM McGladrey Inc. and
BKD, LLP.
Sage Software has a growing portfolio of business management solutions
specifically tailored for the construction and real estate industries. The
portfolio is designed to provide support through the growth cycle of a
business and includes:
Peachtree by Sage Premium Accounting for Construction: For small
contractors, this award-winning entry-level system offers all of the
accounting functionality plus construction-specific features and analysis
tools they need to get started.
Sage Master Builder: When a business starts to outgrow Peachtree, Sage
Master Builder provides more sophisticated construction management features
and increased support for managing the profit cycle.
Sage Timberline Office: For medium to large companies, Sage Timberline
Office offers integrated financial and operations software and provides the
most sophisticated level of functionality in the Sage Software portfolio of
construction solutions.
About iLumen
iLumen, Inc. is a financial information technology company that delivers
and manages private-company data gathering and analysis solutions designed
to solve critical problems in risk management, financial compliance and
financial oversight within the banking, accounting and corporate
environments. iLumen's services are based on a proprietary (patent pending)
data warehousing engine known as iMonitor® that automates and
standardizes the gathering, mapping, analysis and benchmarking of
electronic accounting data from private companies.
For more information visit www.ilumen.com or call 404-446-1600. iLumen™
and iMonitor® are trademarks of iLumen, Inc., all rights reserved.
About Sage Software
Sage Software supports the needs, challenges and dreams of more than 2.6
million small and mid-sized business customers in North America through
easy-to-use, scalable and customizable software and services. Our products
support accounting, operations, customer relationship management, human
resources, time tracking, merchant services and the specialized needs of
the construction, distribution, healthcare, manufacturing, nonprofit and
real estate industries. Sage Software is a subsidiary of The Sage Group
plc, a leading international supplier of accounting and business management
software solutions and related products and services for small to mid-sized
businesses. Formed in 1981, Sage was floated on the London Stock Exchange
in 1989 and the Group now has 5.0 million customers and employs over 10,500
people worldwide. For more information, please visit the Web site at
www.sagesoftware.com/moreinfo or call (866) 308-2378.