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ACI Acquires Real Estate Exchange Depot™

Appraisal Software Leader Expands Product Offering

April 3, 2007, Palm Coast, FL. ACI, a leading innovator in technology for the valuation industry, announced today the acquisition of the Real Estate Exchange Depot™ (REXDepot™), an Internet-based management platform for appraisers.

Marking ACI’s fourth acquisition during the Microsoft Windows era, REXDepot™ rounds out an already robust product portfolio. REXDepot™ will continue to expand as a product under the guidance and control of ACI and will serve as a vehicle to further extend ACI’s leadership role in the appraisal technology industry.

“ACI is a dominant force in the world of appraisal software. REXDepot™ needed the vision, leadership, and commitment of an industry leader like ACI to reach the next level,” said Steve Smith, founder, REXDepot™. “As both the founder and as a customer of REXDepot™, I’m excited for my appraisal business and for all of the customers using the system.”

REXDepot™ was designed to improve operational efficiencies for appraisers and their clients. It boasts a complete, web-based, appraisal office management system, allowing appraisers to easily coordinate assignments, communicate with clients, track accounts receivables, prepare payroll reports, and more.

“REXDepot™ represents another exciting addition to the services that ACI provides to appraisers,” said Dave Roberts, President, ACI. “With this acquisition, we are committed to advancing the REXDepot™ platform for the benefit of both ACI clients, as well as non-ACI brand users.”

Interested parties may contact ACI Sales at 800-234-8727 for further information.

Windows is a registered trademark of Microsoft Corporation in the United States and other countries.

About ACI

ACI, a pioneer in crafting technology solutions for the valuation community, has gained industry-wide recognition and support from leaders in the field. ACI’s highly scalable appraisal solutions ensure a partnership tailored to the needs of the organizations it services. The ACI client base features many of North America's premier appraisers, lenders, and national appraisal companies. From connecting appraisers nationwide to streamlining quality control, the flexibility provided gives organizations the means for processing appraisals and managing exceptions in a consistent and efficient manner.

Headquartered in Palm Coast, Florida, ACI’s management and development team possess the type of experience coveted by decision makers responsible for bringing synergy to their daily workflows and processes.

 
 
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