RealTime IT News

IntraNet Solutions Gains More Ground

IntraNet Solutions Inc. Tuesday extended its arms to the real estate industry when it offered its top product to RESoft Inc., a Web-based document management company.

Financial details were not disclosed.

IntraNet Solutions' Xpedio Content Management system, which automates business content from desktop applications, business applications and templates, will be added to RESoft's new document management suite of products, REDocs.

REDocs helps real estate owners and operators to manage property and portfolio information on the Web, as well as offer their customers, employees, partners and vendors access to real estate information through an Internet browser.

REDocs users can enhance core real estate business processes such as leasing, property management, vendor procurement, acquisition, disposition and financing.

While the need for intranets in real estate is perhaps not as vital as multi-billion-dollar deals like the one EDS recently inked with the Navy, RESoft Chief Executive Officer Duane Lund, said real estate is one of the largest markets in the country.

Robert Olson, CEO for IntraNet Solutions, said his company hopes to "create a real estate industry standard that will streamline the communications process for the real estate industry, ultimately saving property managers' time and reducing their operating costs."

IntraNet Solutions, which sells its wares to more than 1,500 companies worldwide, has also granted RESoft rights to resell all IntraNet Solutions products to the commercial real estate industry in the U.S. and Canada.