AssetWorks Enhances Enterprise Asset Management Offering With Acquisition of InCircuit

PITTSBURGH, PENNSYLVANIA -- (MARKET WIRE) -- May 06, 2010 -- AssetWorks, a leading provider of technology and professional consulting solutions for asset and infrastructure-intensive organizations, today announced it has enhanced its solution offering with the acquisition of the assets of InCircuit Development Corporation. The acquisition adds InCircuit's Enterprise Asset Management ( EAM) software to the AssetWorks solution portfolio.

InCircuit is a leading provider of on-demand asset, inventory and surplus management software. The company's modular software-as-a-service (SaaS) approach enables its users to manage assets, inventory, surplus and fleet more efficiently, while minimizing dependence on internal technology resources.

"InCircuit has developed industry leading solutions that complement our existing offering in the fixed asset management space" said Michael Borello, Vice President, AssetWorks. "We welcome InCircuit customers and employees to AssetWorks and look forward to building on the many successes of InCircuit to date."

Commented Darrin Daigle, InCircuit's CEO and General Manager: "InCircuit has always taken pride in providing its customers exceptional customer service and innovative software applications. AssetWorks shares this customer focus and commitment to innovation and we are excited to become a part of the team."

About AssetWorks

AssetWorks is a leading provider of software solutions for infrastructure-intensive organizations in education, government, utilities, communications, and transportation. AssetWorks is proud to be recognized as the nation's premier provider of capital asset and infrastructure valuation, GASB 34/35 compliance, insurance appraisal services, and state-of-the-art asset management software. The company's team of experts has successfully provided property valuation and appraisal services for more than 5,000 entities across the United States, Europe, and Puerto Rico. Visit www.assetworks.com.

Contacts:
AssetWorks Appraisal
Shaun Callahan
412.809.0660

Email Contact

www.assetworks.com





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