Lanovation Relocates to New Corporate


MINNEAPOLIS--(BUSINESS WIRE)--Oct. 22, 2002--Lanovation®, maker of best-of-breed software solutions for the enterprise network and remote management markets, today announced its move to new corporate headquarters. The new offices located at Broadway Place West in Minneapolis will enable Lanovation to meet the requirements resulting from its consistent growth and support future demands with the continued expansion of Lanovation technology solutions. The move will be completed by November 1, 2002.

Over the past four years, the company has increased employee headcount by 25% while experiencing a revenue increase of over 100%. Lanovation has been named one of Minnesota’s fastest-growing technology companies in the Deloitte & Touche Technology Fast 50 Program for the past four years. The company has won several other awards, including the City Business “50 Fastest Growing Private Companies,” and “Great Places to Work,” awards in the year 2000. Additionally, the company’s software packaging and deployment technology has won 11 industry awards, more than any competitor.

“Lanovation has experienced solid growth during our past 17 years at the University Technology Center,” said Mr. Kim Pearson, president and CEO of Lanovation. “At a time when so many companies are experiencing setbacks due to the economic climate, we think our growth is a very powerful statement to the strength and outlook for Lanovation,” he said. “Our new corporate facility will accommodate this steady growth while maintaining our ability to attract top talent in the greater Twin Cities area.”

Mr. Pearson continued, “Our Prism line of software packaging and deployment products continues to grow into new markets as customers continue to invest in tools that simplify their workload while reducing total spending. Additionally, the growth of our Radiem Web-based monitoring and control system in the emerging wireless control market has opened up new opportunities and markets for the organization,” he said.

The new corporate headquarters are located at 1300 Godward Street, Suite 3100, Minneapolis, MN 55413. LanovationÂ’s other contact information (telephone, fax, URL and corporate e-mail) remains unchanged.

About Lanovation

Founded in 1985, Lanovation has won eleven national industry awards. The company’s Prism Deploy® software deployment utility is recognized for its ease-of-use, speed, reliability and accuracy while its Radiem® technology performs web-based monitoring and control of remote equipment. Located in Minneapolis, MN, Lanovation products are sold worldwide direct and through key distribution partnerships. For more information, please visit our Web site at www.lanovation.com or call (800) 747-4487.


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