Aug 14, 2002

TRIRIGA Extends Facilities Management with Acquisition of Peregrine's FacilityCenter Product Line

TRIRIGA INC., a provider of Web-based technology to centrally manage and control capital assets, today announced that its wholly owned subsidiary has acquired the FacilityCenter product suite from Peregrine Systems, Inc. The acquisition bolsters TRIRIGA's current development initiative to add comprehensive facilities management capabilities to its existing TRIRIGA Intelligent Business SystemTM (IBS) technology platform. TRIRIGA IBS provides corporate owners with a centralized software solution to design, build, and operate large-scale assets.

With TRIRIGA IBS, organizations across many different industries can automate construction, development, and capital improvement processes for all types of assets, including hotels, office complexes, retail centers, and franchise facilities. The combination of TRIRIGA IBS with FacilityCenter will further position TRIRIGA to deliver a component-based, end-to-end framework to capture critical design information for use in every stage of the asset lifecycle - including operations and ongoing facilities management.

"FacilityCenter has been the leading facility management solution for several years. Even the best facilities management system, however, is only as good as the data it allows the user to leverage," explained Anthony A. Marnell III, President and CEO of TRIRIGA INC. "TRIRIGA IBS offers the perfect complement to the FacilityCenter product line because the IBS solution provides an extremely powerful knowledge base to capture the intelligent design data that drives the entire asset creation process, including facilities management activities."

The acquisition of Peregrine FacilityCenter complements an ongoing development effort to add facilities management capabilities to the TRIRIGA technology platform. The move strategically positions the company as a leading provider of enterprise software with specialized expertise in building and operating capital assets. As a result of the acquisition, TRIRIGA will be serving the needs of Peregrine's world-class FacilityCenter customers, which includes many Fortune 500 companies.

"This is an exciting time for Peregrine customers to take advantage of the synergies between FacilityCenter and the TRIRIGA IBS," commented Roger Rittenhouse, General Manager and Vice President of TRIRIGA Real Estate & Facility Operations, the new facility management subsidiary of TRIRIGA INC. "The proven capabilities of the FacilityCenter system will bolster the strength of TRIRIGA IBS, offering an even more powerful way to automate facilities management operations, and help organizations achieve greater levels of efficiency at all stages."

"For years, FMI has enjoyed great success in helping customers acquire and use FacilityCenter. The combination of this preeminent facility management solution with TRIRIGA IBS - a rock-solid application of state-of-the-art technology - will enable us to further enhance the customer experience across the lifecycle. We are confident that TRIRIGA will bring a quality solution, accelerated development, and consistent support solely focused on the facility user," added Mark Douglas, President of FMInternational, a TRIRIGA Solution ProviderTM. "As an existing partner of both TRIRIGA and Peregrine, FMI has always considered the technologies to be complementary. We have been working closely with TRIRIGA to develop services that will help FacilityCenter users upgrade to the latest TRIRIGA solution."

Built on a unique Design-to-OperationTM (D2OTM) methodology, TRIRIGA IBS offers a Web-based platform to centralize all the data and processes associated with designing, building, and operating capital assets. The software was created by the technology division of one the world's leading design build corporations.

With TRIRIGA IBS, organizations can create an intelligent knowledge base of design data, including asset IDs, warranties, purchase prices, serial numbers, installation locations, vendor profiles, and more. Corporate owners, design teams, vendors, and others can access these details via the Internet, improving communication, collaboration, and workflow. Used in conjunction with Peregrine FacilityCenter, TRIRIGA IBS extends this information to support ongoing operations, facilities management, and capital improvement activities - offering a single database that eliminates the need to manually hand off and convert data between multiple systems and phases.

"Having been shown presentations of TRIRIGA's products, we believe at this early stage that the acquisition of Peregrine's FacilityCenter by TRIRIGA is conducive to the vision that Sacramento County has for the future of its Capital Assets Facilities Management (CAFM) project," commented Peter Gilmour, a consultant for Sacramento County, CA, a current Peregrine FacilityCenter user.

As part of the acquisition, TRIRIGA has retained the core of the Peregrine team handling the FacilityCenter product line, including sales, marketing, and research. TRIRIGA will continue to work with Peregrine's existing customers and is committed to delivering world-class technology solutions to support facilities management initiatives.

"By bringing the Peregrine team along with the intellectual property, TRIRIGA will continue to work closely with customers to maintain the integrity and the vision of Peregrine's FacilityCenter product line, and bring this technology platform to the next level," concluded Marnell.