Regal Entertainment Group Selects Lx Contracts from Lucernex Technologies For Its Lease Administration Solution
Lucernex Technologies announced today that Regal Entertainment Group, operator of the largest theatre circuit in the United States, has selected Lucernex's cloud-delivered Lx Contracts solution to manage its entire portfolio consisting of 6,899 screens in 544 locations in 38 states and the District of Columbia.
- Dallas, TX (1888PressRelease) January 23, 2013 - Lx Contracts will replace Regal's legacy system, SLIM.
"We selected Lucernex due to their quality, high performance product and their industry reputation", said Peter Altmann, Vice President of Property Management at Regal. "We did our research and found that Lucernex has a reputation for quickly delivering a quality product and quality customer service".
Lx Contracts is being implemented using Lucernex's RAPID methodology to enable go-live in under 3 months including a full data conversion of their legacy system and integrations into their internal financial systems.
"We are very happy to have Regal Entertainment Group as a client", said Joe Valeri, President and COO of Lucernex. "Lucernex was perfectly positioned to provide Regal with a fast, accurate implementation of our market leading cloud solution."
Lx Contract is the market leading cloud-delivered lease administration and rent accounting solution for retailers. It is one module of Lucernex's complete Store Lifecycle Management solution, Lx Retail, which was purpose built by experts in retail, for retailers.
About Regal Entertainment Group
Regal Entertainment Group (NYSE: RGC) operates the largest and most geographically diverse theatre circuit in the United States, consisting of 6,899 screens in 544 locations in 38 states and the District of Columbia as of November 30, 2012. The Company operates theatres in 43 of the top 50 U.S. designated market areas. We believe that the size, reach and quality of the Company's theatre circuit not only provide its patrons with a convenient and enjoyable movie-going experience, but is also an exceptional platform to realize economies of scale in theatre operations.
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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