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Spectra acquires California based software firm Execudata
November 1, 2001

Mr. Del T. Dunford, President, Spectra Computer Services Ltd. (Spectra) is pleased to announce the acquisition of California based property management and job cost software developer, Execu-data, Inc. (Execudata). With the merger that was finalized October 17, 2001 at Execudata’s office in Reseda, CA, a suburb of Los Angeles, an exciting new chapter begins for Spectra and its clients. 

Both Spectra and Execudata are privately held, longstanding and well established developers of software for the real estate industry. Their suites of products focus specifically on the property management and construction sub-markets. 

"This is an absolutely perfect union," exclaims Mr. Dunford, whose company was listed in 1999 as one of the top ten fastest growing companies in Manitoba. "Not only are our clients?profiles virtually identical, but our business philosophies, practices and corporate cultures are completely in sync. Moreover, even though the similarity in core functionality between Execudata’s DOS based Horizon/2
? software and our 32-bit SPECTRA for Windows? is remarkable, Execudata’s package includes several unique features which, when added to our current solution, will greatly benefit all our existing and future customers. We’ve always been passionate about listening to our clients?ideas about improving our offering. This union now lets us draw upon the brain trust of hundreds of additional users who will share different perspectives and suggestions. The opportunities this represents are truly exciting."

To aid Execudata clients who are anxious to move to a Windows environment, Spectra is offering a comprehensive data conversion utility from Horizon/2
? to SPECTRA for Windows?/span>. Consequently, Execudata customers will have an exceptionally easy and very affordable choice when they decide to upgrade to Spectra’s proven, reliable and widely used Windows package. 

Long time Execudata Vice President, Ms. Hester Mastro, is also excited about the union. "We really are looking forward to working with Spectra’s team. We spent many hours reviewing
SPECTRA for Windows? to determine if it was the right fit for our clients and in the end, we were in unanimous agreement about the match. Combining the two development teams will add a new dynamic to the creative environment, which can only result in an even more robust and easy to use offering. From speaking with their customers it’s evident that Spectra is as committed to servicing their clients as we are, and because of that everyone wins."

All Execudata staff enthusiastically joined Spectra and they continue to operate out of Execudata’s California office. Spectra will be relocating their U.S. operations from Chicago to Execudata’s California office facilities effective November 2001. 

Execudata, incorporated in 1978, has approximately 1,000 customers, the majority of whom are located in California and the Southwestern U.S. Many prestigious, high profile U.S. firms have successfully deployed Execudata’s Horizon/2
? software including DreamWorks SKG, to build their animation campus, and Maquire Partners to build and manage Library Towers, a 73-story 1.3 million sq. ft. skyscraper in Los Angeles. 

Since 1983 Spectra, a Microsoft Gold Certified Partner, has installed and supported systems for over 1,000 real estate management firms, representing approximately 4,000 end users throughout 42 U.S. states, 10 Canadian provinces and territories, the Caribbean, the Netherlands and China.
SPECTRA for Windows? is an easy to use, flexible, comprehensive, powerful and fully integrated property management database and accounting solution that has become the flagship of the firm. Released in May 1996, SPECTRA for Windows? was the first 32-bit, 4th generation programming language property management package in North America. It is also the only property management software system to be certified as being Microsoft Office Compatible due to the innovative and unprecedented integration to the Microsoft Office suite.


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