SAINT JOHN, NB, April 13 /CNW/ - Jacques Whitford, an internationally
recognized leader in environmental sciences and engineering, announced today
the sale of Boston-based iTAG-PARCEL, LLC to Environmental Data Resources Inc.
(EDR), a leading provider of environmental information.
iTAG-PARCEL is best known for developing PARCEL, a complete Web-based
management platform for writing, reviewing, assembling, and delivering Phase I
environmental site assessments (ESAs), property condition assessments (PCAs)
and other due diligence reports for commercial real estate transactions.
"This acquisition demonstrates EDR's continued commitment to invest in
our industry-leading information solutions," said Robert D. Barber, Chief
Executive Officer of EDR. "We are constantly looking for advanced technology
to augment EDR's existing tools and the range of options we offer, and with
PARCEL we can offer our clients even better report quality, reduced
report-writing time and consistent information.
"As part of the digitization of the property due diligence industry, a
growing number of environmental professionals who get their information from
EDR are delivering that information by using PARCEL," Barber continued. "EDR
and PARCEL work with the same clientele of professionals who prepare reports
for lenders, property owners, developers and others. This acquisition enables
our customers to obtain their environmental data and platform usage from one
source, which will help them to perform their work more effectively."
As part of the acquisition, the entrepreneurial team that founded
iTAG-PARCEL will join EDR to lead its newly formed Solutions Group. Guy
Tassinari, formerly President and CEO of iTAG-PARCEL, will serve as Vice
President of the EDR Solutions Group, and Jack Huntress, formerly Vice
President of Sales and Product Development for iTAG-PARCEL, will serve as Vice
President of Business Development. All of iTAG-PARCEL's current employees will
also join the EDR Solutions Group. PARCEL will continue to be supported
through the EDR Solutions Group.
"EDR is an ideal fit for iTAG-PARCEL," said Robert Youden, Chief
Executive Officer of Jacques Whitford. "The combination of the two companies
will help to further accelerate the adoption of this innovative technology. We
look forward to continuing to work with the iTAG team in the future and will
continue to use PARCEL in our business."
"We are very excited to take the technology and service we have been
providing with PARCEL and apply it to the outstanding work already performed
by EDR," says Tassinari. "PARCEL usage has grown significantly, and as part of
EDR it's bound to provide strategic advantages to many more environmental
professionals and their clients."
Adding PARCEL's reporting modules to EDR's information solutions will
provide EDR's clients with easier access to the advantages of the PARCEL
platform. These include efficiency gains, more consistency in their reports,
better integration with end-user systems, smoother collaboration within
project teams, faster report delivery and more effective workflow management.
The acquisition is effective immediately. Customers who currently use the
PARCEL platform will be able to seamlessly continue using both PARCEL and EDR
services with increased customer support, consolidated billing, and reduction
in overall cost due to the removal of integration fees. The financial terms of
the acquisition were not disclosed.
About Jacques Whitford
Established in 1972, Jacques Whitford is an internationally recognized
leader in environmental sciences and geotechnical engineering. The
employee-owned consulting firm has successfully completed over 100,000
projects and has grown to include more than 1,600 colleagues. With its
executive headquarters in Saint John, New Brunswick, the company has over 45
offices across Canada, the United States and internationally. Jacques Whitford
continues to grow to provide the most innovative skills, expertise and
technology in the industry to meet the needs of its clients.
For further information:
For further information: Jeff Muton, Director, Marketing and
Communications, Jacques Whitford, (902) 468-0411,