Tennessee Department of General Services Selects AssetWorks Surplus Management Software

PITTSBURGH, PENNSYLVANIA--(Marketwire - July 18, 2012) - AssetWorks Inc., a leading provider of fixed asset software solutions, today announced that the Tennessee Department of General Services (DGS) Warehousing and Distribution Division has signed a contract for a comprehensive surplus management software solution from AssetWorks. The solution fully integrates with the AssetWorks fleet management software application, FleetFocus, which the State of Tennessee already relies on to manage its fleet of 12,000 vehicles.

Among the modules to be used by the DGS Warehousing and Distribution Division are the AssetWorks Counter Sales and Web Surplus modules. These modules allow the division to integrate retail functionality into their surplus management program. With the Web Surplus module, surplus property can be published in a Web storefront and redistributed to eligible recipients or sold to the general public.

The DGS Warehousing and Distribution Division will also be utilizing AssetWorks' State Surplus, Transfer, and Federal Surplus modules. The integrated solution can help the division save time and improve accuracy by minimizing data re-entry, providing seamless access to data and maximizing transaction efficiency.

The Tennessee Department of General Services Division of Warehousing and Distribution provides redistribution of state and federal surplus property to state agencies, local governments, eligible non-profit health and educational organizations, and service educational activities. The division, which currently serves all Tennessee state agencies and over 600 organizations, manages over 2,200 transaction requests per year for over 54,700 items.

About AssetWorks Inc.

AssetWorks Inc. delivers industry-leading business solutions that help asset- and infrastructure-intensive organizations control capital and operating expenditures, reduce operational complexity, and manage regulatory and policy-driven risk. Leveraging a comprehensive portfolio of software and consulting solutions, we help organizations work more efficiently by improving access to shared asset data, promoting greater transparency across the organization, improving service delivery, maximizing asset availability and uptime and reducing total cost of ownership. Using the latest cloud and mobile computing technologies, our asset management solutions and domain expertise help organizations eliminate waste, redundancy, and inefficiency. For more information, visit: www.assetworks.com.