PRICE Systems Enjoying Substantial Growth With New Customers and Expanded Offerings

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Despite the poor econommic conditions facing businesses today, PRICE Systems, which develops and distributes cost estimating software, has been able to aquire new customers while expanding within its existing customer base.

"The recession has shown that every organization—whether it be a branch of government, a manufacturer or service company—must cut costs at every opportunity, and there is no more effective way to do this than by increasing the accuracy of project estimati

Despite continuing economic uncertainty, PRICE Systems, whose TruePlanning® solution improves the speed, accuracy and quality of hardware and software estimation projects, has grown its business by adding new U.S. customers including the Federal Bureau of Investigation and two divisions of Lockheed Martin. PRICE also announced new international licenses for the Spanish, Italian and Japanese Ministries of Defense; Samsung SDS (Korea); KAI (Korean Aerospace Industries) and CACC China (General Administration of Civil Aviations of China). In addition, PRICE Systems expanded its offerings and services to existing customers including: Severn Trent Services; U.S. Air Force Cost Analysis Agency; U.S. Navy Space and the Naval Warfare Systems Command.

“The recession has shown that every organization—whether it be a branch of government, a manufacturer or service company—must cut costs at every opportunity, and there is no more effective way to do this than by increasing the accuracy of project estimating,” said Pete Pizzutillo, vice president of product management and marketing for PRICE Systems.

“PRICE’s new customers are a categorically and geographically diverse group,” said Pizzutillo. “Each is unique but they share a need for a single estimating solution, like True Planning, that can integrate estimates of diverse systems.”

About PRICE Systems
PRICE Systems (http://www.pricesystems.com) the world leader in estimation and analysis software enables government agencies, aerospace and defense companies, and commercial organizations to successfully select, control, and deliver large-scale, high-visibility projects. PRICE Systems offers cost estimating and analysis, benefits modeling and knowledge capture applications that help customers control costs and schedules throughout a project's lifecycle.

Established in 1975 with offices in the United States, Europe, and Asia-Pacific, PRICE Systems serves more than 350 customers worldwide. More than 11,000 project professionals have been trained in the company's cost estimating and analysis methodologies.

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Brett Schultz

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