New York, NY, September 25, 2001 — CapitalThinking announced today that GE Capital Real Estate has adopted CapitalThinking’s bluewire™ software platform as the core processing engine for GE’s entire global commercial real estate structured finance business. The installation commenced last month.
”This contract is an important milestone for the company”, said Heather Shively, CapitalThinking Chairman & CEO. “We are now offering bluewire™ on both a hosted and an installed licensed basis”. The installation at GE Capital Real Estate, Shively said, will be operated and maintained by GE Capital Real Estate staff, with the close support of CapitalThinking.
CapitalThinking’s bluewire™ is a leading web-based financial services platform. The bluewire™ CRE application delivers increased efficiency, productivity, and cost-savings to commercial real estate financing and asset management processes.
CapitalThinking, Inc. is a leader in financial services applications and technology, providing comprehensive software solutions. CapitalThinking’s products bring unprecedented reliability, cost savings and efficiency to the processing and managing of commercial real estate financial assets and other structured finance products. CapitalThinking was co-founded by its Chairman and CEO, Heather Shively, and Charles Ferguson, founder of Vermeer Technologies and creator of Microsoft FrontPage.
About GE Capital Real Estate
GE Capital Real Estate headquartered in Stamford, CT. is one of the industry’s leading global sources for commercial real estate capital through structured finance, equity and capital markets products with a portfolio of more than $19 billion. GE Capital Services, with assets of more than $345 billion, is a global, diversified financial services company with 28 specialized businesses. A wholly owned subsidiary of General Electric Company, GE Capital provides equipment management, mid-market and specialized financing, specialty insurance, and a variety of consumer services, such as car leasing and credit cards to businesses and individuals around the world.