Key developments

Portalprop.com powered to launch in record time

Buenos Aires, Argentina - April 10, 2000 - Aspire Systems announced today the completion and launch of Portalprop.com, a site targeted to become the undisputed market leader in Argentina for residential real estate information and services. Aspire played a key role in the evolution of Portalprop.com by deploying its StartSourcing methodology that helped take the project from idea to launch in record time by providing various services including strategy design, business plan preparation, securing venture capital, creative and technical site development, and site marketing assistance.

"We were thrilled to work with Aspire Systems as our partner to realize our vision of building the leading portal in Argentina for real-estate related information, products and services," said Alejandro Eisler, CEO of Portalprop.com. "They provided us with outstanding service and end-to-end e-business expertise through their global service delivery model."

Aspire built a global project team to execute the project on a quick-turn basis with consultants and designers based in Argentina, programmers based in India, and hosting support from the US. Aspire's global service delivery model enables the company to provide customers with rapid team mobilization, rapid project execution, round-the-clock productivity, and significant cost advantages.

Rodrigo Prieto, Vice President (Latin America) for Aspire Systems, says, "Aspire's relationship with Portalprop.com has been an astounding success and is a validation of our StartSourcing service directed towards emerging and established internet companies. We helped an entrepreneur realize the tremendous value of his idea within a short span of four months. We anticipate Portalprop.com will quickly become the definitive real estate site in Argentina."

PortalProp.com caters to homebuyers and features the largest collection of homes for sale in Argentina. To start with, the site lists 30,000 homes from all over Argentina and expects to list 90-95% of all for-sale homes in the country within a year. In addition to property listings, Portalprop.com allows homebuyers to arrange property visits at the click of a button. The site also features content on the home buying and selling process, mortgages, insurance, home decoration and other related areas.

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