Valorem wins government grant
Announcement posted by Valorem Systems 17 Jan 2007
Assistance to commercialise new web-based system
Valorem Systems has received a Federal Government grant to assist in the commercialisation of “a unique product known as Praxeo which automates the process of granting access to sites for contractors, visitors and even employees”.
Praxeo is a web-based system developed by a team of software engineers at Valorem’s offices in Western Sydney.
The grant was awarded under the COMET (Commercialising Emerging Technology) program administered by the Department of Industry, Tourism and Resources. The COMET program assists small-to-medium businesses to commercialise innovative technology-based products, processes and services.
The COMET funding will be used by Valorem for market research, intellectual property strategies and the establishment of key pilot reference sites. Under the terms of the 80/20 matching grant, the government will provide 80 per cent of the project funding and Valorem 20 per cent.
According to the COMET documentation:
* Praxeo is unique in that it displays messages in video, audio and/or text -- and requires acknowledgement and interaction before allowing individuals to complete entry procedures.
* Praxeo allows for messages to be customised to specific groups within a site or for specific activities. For example, targeted safety messages can be displayed only to the contractors working in confined spaces or on the roof.
* Praxeo is a robust and easy to use system for owners, facilities managers or site controllers, as well as contractors who provide services such as cleaning, fire systems maintenance, lift and escalator maintenance, painting, plumbing, electrical services etc. It can also be used for tenants within a building who are renting office or industrial space.
Valorem recently announced that Mirvac, the leading real estate group, had selected Praxeo to manage the activities of contractors in its shopping centres, office buildings and industrial sites throughout Australia.
Jon Tinberg, CEO of Valorem Systems, said the COMET grant would allow Valorem to develop the market for Praxeo by funding pilot programs at various sites and documenting their success through case studies.
“Praxeo has enormous potential because it fulfills a number of important needs for monitoring and reporting in facilities management,” Mr Tinberg said. “With the assistance of this COMET grant we will be able to secure new clients and reference sites so we can demonstrate that potential.”
About Valorem Systems
Valorem Systems provides specialised software to the property management industry. The company's products are of two types: mobile documentation solutions for use on PDAs and a facilities access management system. Both products have sold strongly with the facilities access management system being deployed across nearly 100 sites within Australia.
The facilities access management system, known as Praxeo, allows contractors, maintenance workers and other site visitors to login and be inducted onto a site. It gives managers of facilities the ability to quickly and accurately know where each person is on his or her site and to track the hours that a contractor may work. Praxeo is designed to be simple and fast to use so that contractors can get on site as quickly as possible.
The mobile documentation solution is called Kevah and is used by property managers to log standard forms from their PDAs. Forms include asset management, maintenance requests and other documentation that requires time stamping for future auditing or tracking.
Praxeo is a web-based system developed by a team of software engineers at Valorem’s offices in Western Sydney.
The grant was awarded under the COMET (Commercialising Emerging Technology) program administered by the Department of Industry, Tourism and Resources. The COMET program assists small-to-medium businesses to commercialise innovative technology-based products, processes and services.
The COMET funding will be used by Valorem for market research, intellectual property strategies and the establishment of key pilot reference sites. Under the terms of the 80/20 matching grant, the government will provide 80 per cent of the project funding and Valorem 20 per cent.
According to the COMET documentation:
* Praxeo is unique in that it displays messages in video, audio and/or text -- and requires acknowledgement and interaction before allowing individuals to complete entry procedures.
* Praxeo allows for messages to be customised to specific groups within a site or for specific activities. For example, targeted safety messages can be displayed only to the contractors working in confined spaces or on the roof.
* Praxeo is a robust and easy to use system for owners, facilities managers or site controllers, as well as contractors who provide services such as cleaning, fire systems maintenance, lift and escalator maintenance, painting, plumbing, electrical services etc. It can also be used for tenants within a building who are renting office or industrial space.
Valorem recently announced that Mirvac, the leading real estate group, had selected Praxeo to manage the activities of contractors in its shopping centres, office buildings and industrial sites throughout Australia.
Jon Tinberg, CEO of Valorem Systems, said the COMET grant would allow Valorem to develop the market for Praxeo by funding pilot programs at various sites and documenting their success through case studies.
“Praxeo has enormous potential because it fulfills a number of important needs for monitoring and reporting in facilities management,” Mr Tinberg said. “With the assistance of this COMET grant we will be able to secure new clients and reference sites so we can demonstrate that potential.”
About Valorem Systems
Valorem Systems provides specialised software to the property management industry. The company's products are of two types: mobile documentation solutions for use on PDAs and a facilities access management system. Both products have sold strongly with the facilities access management system being deployed across nearly 100 sites within Australia.
The facilities access management system, known as Praxeo, allows contractors, maintenance workers and other site visitors to login and be inducted onto a site. It gives managers of facilities the ability to quickly and accurately know where each person is on his or her site and to track the hours that a contractor may work. Praxeo is designed to be simple and fast to use so that contractors can get on site as quickly as possible.
The mobile documentation solution is called Kevah and is used by property managers to log standard forms from their PDAs. Forms include asset management, maintenance requests and other documentation that requires time stamping for future auditing or tracking.