Coreworx and Empired Enter Partnership Agreement

PERTH, Australia, May 20 /PRNewswire/ -- Coreworx Inc., a leading provider of project information and cost control software used globally to manage major capital project execution risk, today announced its recent partnership with Empired Ltd (ASX: EPD) a leading provider of business technology solutions in the Corporate and Government sector with services delivered across Australia, South East Asia and beyond.

Empired's expertise and presence in the region, coupled with Coreworx' ability to manage complex, globally dispersed major capital projects, will mean significant business benefits to companies looking to develop assets within Australia and South East Asia. Coreworx is already working with several customers in Australia, and sees this partnership benefitting these existing customers and future customers there.  

Empired will not only re-sell Coreworx' software products, but will design and implement overall business solutions to customer requirements, while providing ongoing support and document control services. Empired also plans to offer Coreworx products as a hosted, on-demand solution from their data centre.

The demand for such services is becoming more prevalent to address the explosion in major project activity in the resources and energy sectors in Australia and South East Asia. The current committed capital expenditure on major capital projects exceeds $175 Billion in Western Australia alone. The significant investments in these large projects underlines the importance of utilizing effective project information and cost control systems such as Coreworx to identify and manage project risk, reduce cost and ensure the implementation of industry best practices.

"I'm very pleased to help drive this world class project management solution into the Australian and South East Asian regions. This is a fantastic opportunity for both Empired and Coreworx," said Mr. Russell Baskerville, Managing Director, Empired Ltd. "I am confident Empired's investment in the energy and resources sector will provide great business value to our clients, delivering word class solutions with local expertise to some of the world's leading organisations in this sector."

"This is a great opportunity to increase our ability to meet the ever increasing demands of project execution and cost containment in this active region," said Ray Simonson, CEO of Coreworx Inc. "Having a local partner with deep expertise and established long-term client relationships ensures we can accelerate time to value of our solutions for all our current and prospective customers."

About Empired Limited

Empired Ltd (ASX: EPD) is an ASX listed national IT Services Provider with a broad range of capabilities and experience ranging from business consulting to Infrastructure and Applications systems development and support. Empired provides ICT Managed Services, complemented by Project and Consulting engagements in its areas of specialisation. Empired focuses on providing companies with tailored IT service solutions that address their specific needs; delivering a diverse range of innovative services in today's ever-changing business environments. Our flexible service delivery approach and "can do" attitude has enabled Empired to secure clients that range from medium size entities through to large enterprise accounts with services delivered across Australia, and beyond. www.empired.com

About Coreworx

Coreworx Inc. provides integrated project information and cost control solutions for large capital projects in the oil & gas, power and mining sectors. The Coreworx solution is a proven web-based enterprise software system that enables engineering and construction contractors and owner/operators to automate best practices, mitigate business risks and improve performance to budget throughout the entire project lifecycle. Coreworx services a portfolio of projects valued at over $500 billion across more than 50 countries, on more than 500 capital projects with nearly 70,000 users. Coreworx has offices in Houston, Baton Rouge, Calgary, Victoria (Australia) and Waterloo. For more information, visit www.coreworx.com. Coreworx Inc. is an Acorn Energy company.

SOURCE Coreworx Inc.

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