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  • Predictive Analytics for Improved Cost Management  

PRICE Systems Enjoying Substantial Growth with New Customers and Expanded Offerings

Mt. Laurel, NJ / January 1, 2010 / 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."