Company’s Growth Accelerated in 2010 with Increasing Adoption of Unifier Solution

MENLO PARK, Calif. — (BUSINESS WIRE) — February 3, 2011 — Skire, Inc. ( www.skire.com), the leading global provider of cloud-based solutions for managing capital projects, facilities and real estate, today announced that Gartner, Inc. has positioned the company in the Leaders quadrant in a recently released report, Magic Quadrant for Integrated Workplace Management Systems (IWMS)¹. Skire is recognized for its completeness of vision and ability to execute on that vision.

“We are very proud to be recognized in the Leaders quadrant of the Gartner IWMS Magic Quadrant, which we feel is the result of the incredible dedication and hard work of all Skire employees over the course of many years,” said Massy Mehdipour, Founder and CEO of Skire. “We believe this recognition acknowledges Skire’s core strategy of delivering a true IWMS lifecycle solution on a single platform with a single user interface, but which is highly configurable to meet specific needs and delivered in a rapid time frame. The dirty little secret of the IWMS industry has for too long been horror stories of multi-year and over-budget implementations with poor user adoption. There is a better way – Unifier delivered through the Cloud.”

Companies placed in the Leaders quadrant “have strength in applications and platform technology, demonstrating a high level of quality in product reliability and service, have strong operational and organizational capabilities and financial stability, have global reach and offer a strong vision of customer needs, reflected in a robust development road map.”

New Customers

In the past year, Skire’s Unifier has been selected by organizations of all sizes across virtually every industry, including:

• Fortune 10 financial services firm with over $2 trillion in assets and operations in more than 50 countries.
• Fortune 100 insurance provider with over 35,000 employees.
• One of the largest pharmaceutical firms in the world with over $20 billion in revenue.
• Numerous energy firms, including the #1 wind power provider in the nation, the developer of the world’s largest thermal solar plant, LNG facilities in Australia and multi-billion dollar projects in the Canadian Oil Sands.
• Public sector agencies at all levels, including Dallas-Fort Worth International Airport, City of Seattle, New York Metropolitan Transportation Authority, Port of Long Beach, and many others.

New Product Releases

In 2010, Skire delivered four new product releases, which were driven largely by direct customer input. These releases provided a breadth of functionality and usability enhancements as part of Skire’s continuous effort to make using Unifier more seamless, more mobile and more fun. These releases provided enhancements to the following areas of the Unifier solution: Schedule Manager and integrations with Oracle’s Primavera P6, Self Service Portal, Space Management, Earned Value calculations, Budget Control and enforcement, Project Mailboxes, Business Process Logs, Document Management file auto-publishing, and much more.

Financial Performance

Skire finished 2010 with another year of double digit revenue growth and profitability, marking the sixth consecutive year the company has achieved both of these metrics. In 2010, Skire was also recognized by Inc. Magazine as one of America’s Fastest Growing Private Companies.

“We believe our customer base and depth of expertise are what helped us receive the recognition by Gartner,” continued Mehdipour. “We have grown steadily over the past year and continue to develop a breadth and depth of knowledge that our current and future customers will be able to leverage to manage capital construction, facilities and real estate better. We are excited Gartner has recognized our dedication and development with this acknowledgement.”

(1)Gartner “Magic Quadrant for Integrated Workplace Management Systems,” by Robert Schafer, et. al. January 31, 2011.

About the Gartner Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner’s analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the “Leaders” quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Skire

Skire is the leading global provider of cloud-based solutions for managing capital projects, facilities and real estate. Skire’s Unifier system has helped manage over $300 billion in capital projects and over three billion square feet of facilities and real estate. From Global Fortune 1000 companies, including five of the Fortune 10, to universities, local municipalities and small businesses, organizations of all sizes utilize our best-in-class system to improve operations, reduce costs and enhance service delivery. Skire’s solutions are purpose-built, flexible, and simple to deploy and use, and range from a full lifecycle IWMS approach to targeted solutions such as Project Controls, Document Management, Bid Management, Cash Flow Forecasting, Work Order Management, Lease Management, Space Management and more. Skire was recognized by Inc. Magazine in 2010 as one of America’s Fastest Growing Private Companies and is headquartered in the Silicon Valley. For more information, visit http://www.skire.com .