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DOMIN-8 Enterprise Solutions Acquires American Computer Software

Posted on: Wednesday, 1 February 2006, 09:00 CST

DOMIN-8 Enterprise Solutions(TM), a leading provider of advanced property management software and services for the multifamily housing industry, today announced the acquisition of American Computer Software(TM) (ACS). ACS is a Wisconsin-based provider of property management software and a trusted name in the property management industry with a reputation built on solid performance and award-winning accounting integrations. Through its MANAGEMENT Plus(TM) solution, ACS helps companies manage a broad range of properties including residential, tax credit, subsidized, military and commercial.

DOMIN-8's Paradigm(TM) Residential Property Management (RPM) delivers a breakthrough solution for apartment property management, allowing leading real estate companies, through the use of advanced Web-based software and services, to achieve the full potential of their property investment. Paradigm RPM is one of the industry's most powerful and tightly integrated solutions with a unique combination of both core functions and Value-Added Services.

The ACS MANAGEMENT Plus solution is the industry's simplest, yet most comprehensive Windows-based property management software. From processing move-ins and move-outs, to creating reports, tracking marketing efforts and organizing vital compliance information, the solution provides property managers with enhanced data management, eliminating user error and streamlining daily processing. In addition, ACS provides a wide portfolio of additional applications for work orders, service, budget, and military.

DOMIN-8 will continue to support the current ACS product line and will build upon it to deliver a Web-based version. In addition, DOMIN-8 will provide their Value-Added Services to ACS customers, enhancing the value of their ACS investment. These Value-Added Services include background screening (credit, criminal and evictions); renters insurance; and electronic payments. ACS customers will also be given the opportunity to upgrade to the DOMIN-8 Paradigm solution as their needs require.

"DOMIN-8 has proven to be the new industry leader in property management software. Their vision and strategic direction will provide ACS customers an upgrade path to a robust software solution, but also will allow them to take advantage of a set of powerful Value-Added Services," said Tim Schaefer, President of ACS. "I am confident that this acquisition will provide immediate benefits for our ACS customers, as well as a defined direction for the future."

"The power of DOMIN-8's Web-based software and Value-Added Services, coupled with ACS's industry software experience, especially in the compliance areas, creates a unique opportunity for us to address the needs of our combined customer base," said Greg McGrath, President of DOMIN-8. "Together we can deliver more robust products and services, a stronger level of customer support, and a strategic vision for the future. Overall, better value and benefits for our new customers."

About American Computer Software

American Computer Software (ACS) is a leading provider of property management software, providing cost-cutting solutions for over one million units since 1968, including subsidized, tax credit, residential, military and commercial. Headquartered in Madison, Wisconsin, ACS is a privately-held company boasting several industry awards for its Windows-based MANAGEMENT Plus solution, including the prestigious 2004 JPM Readers' Choice Award. Offered as a standalone product or integrated with Microsoft Great Plains Business Solutions, QuickBooks and numerous other accounting solutions, MANAGEMENT Plus allows property managers to easily streamline otherwise burdensome compliance, accounting, maintenance and marketing tasks. For more information, visit www.acsoftware.com.

About DOMIN-8 Enterprise Solutions

DOMIN-8 Enterprise Solutions is a leading provider of advanced property management software and services for the multifamily housing industry. DOMIN-8 develops and markets Paradigm Residential Property Management (RPM), a tightly integrated solution to control every aspect of residential management. Key features include: a single point of command and control encompassing enterprise-wide property management, sales and leasing, integrated risk and credit management, services provisioning and enterprise accounting; an exclusive electronic "paperless" office that guarantees enforcement of business rules and policies across an enterprise; and powerful business analysis and reporting tools that provide real-time information to key decision makers. A complete portfolio of planning, training, and implementation services is available. DOMIN-8 is headquartered in Cincinnati, Ohio. For more information, visit www.domin-8.com.

(C) Copyright Domin-8 Enterprise Solutions. All rights reserved.

Source: Business Wire

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