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August 19, 2009

OSCRE Americas, PISCES Consider Merger

Two of the leading real estate standards organizations – OSCRE Americas, Inc. and PISCES Ltd – announced Aug. 18 that they have formed a joint task force to consider a merger. The single consortium would be named OSCRE International, with a potential Jan. 1, 2010, launch date. Since 2004 the two organizations have been working closely together in Europe and North America respectively with a unified global business operation as a strategic goal.

The Open Standards Consortium for Real Estate (OSCRE) and Property Information Systems Common Exchange Standard (PISCES) have formed a Transitional Board made up of three directors from the Executive Membership of each organization and overseen by an independent chair. Stephen Spooner, Chairman of PISCES and Transitional Board representative, said, “Our intention has always been to serve the whole real estate industry, which is as global as it is local. Now more than ever we must enable the improvements in efficiency and transparency that are required with an absolute clarity of purpose.”

Bruce Kellogg, MAI, Chair of OSCRE Americas, added, “The merger of PISCES and OSCRE Americas would be a step forward for these two organizations that have already been affiliated for several years, but it is an even greater step forward for data standards overall. Our main mission to create an efficient workplace is met in every way through this initiative. With the impending completion of this process, we will truly see the globalization of real estate and the benefits that will be derived.”

PISCES is a not-for-profit market-led initiative that facilitates increased business productivity through the development of standards across the property sector. Standards are created using the PISCES Standards Development Framework, which translates business processes within the property industry into standard information models that can be exchanged in XML format. For more information on PISCES, visit www.pisces.co.uk. For more information on OSCRE, visit www.oscre.org.


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