Big Box Retailer Selects Lx Retail from Lucernex For Its Store Life Cycle Management Solution

Lucernex Technologies announced today that one of the nations largest retailers has selected Lucernex's cloud-based Lx Retail solution to manage its portfolio of over 450 big box and strip center locations in 45 states. Lx Retail will replace their legacy system Siterra. End Quote

(1888PressRelease) August 15, 2012 - Dallas, TX - Lucernex Technologies announced today that one of the nations largest retailers has selected Lucernex's cloud-based Lx Retail solution to manage its portfolio of over 450 big box and strip center locations in 45 states. Lx Retail will replace their legacy system Siterra.

"After we have completed this data conversion we will have successfully converted most major legacy lease administration systems at least once", said Ken Brown, EVP and CIO of Lucernex, "our data conversion toolkit has proven successful in quickly and accurately converting any legacy system".

In addition to replacing their existing lease administration and rent accounting solution, Siterra, in preparation for the FASB rules changes; Lucernex will be implementing the Project Management, Facilities Management and Capital Projects Modules of Lx Retail.

"Lx Retail was selected due to its fast performance and ability to deliver the entire store lifecycle in one solution", stated Joe Valeri, Lucernex President and COO. "Our cloud-based solution was architected for quick delivery and lightning fast performance."

Implementation of the Lx Retail solution began in June of 2012.

About Lucernex
Founded in 2000, Lucernex Technologies provides retail real estate professionals with powerful cloud-based solutions to manage the store lifecycle. All Lucernex solutions were designed "by retailers for retailers" and can manage any size portfolio of leased and owned properties. Fortune 500 companies in the corporate real estate, hospitality and retail industries use Lucernex Technologies solutions every day to ensure compliance, mitigate risk and empower effective growth. As an innovative leader in retail real estate solutions, Lucernex continues to grow its customer base by applying its Web-based software expertise and real estate development insight to provide advanced tools and services for business. For more information, please visit www.lucernex.com.

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