WALTHAM, MA-VirtualPremise, Inc, a web-based business application provider for the commercial real estate industry, has chosen Exodus Communications Inc., which is based here, to maintain hosting services for its technology platform. “They provide a secure hosting environment for our applications, Adrian Schmidt, president and chief executive of VirtualPremise, tells Globest.com.

VirtualPremise develops programs for the real estate service provider and corporation that owns, occupies or leases real estate. Its software runs over the Internet, making it easier and more cost-effective for companies to have access. “Our applications give the real estate manager the ability to have one interface into all the specifications, documents and transactions contained in that real estate portfolio,” explains Schmidt. “It also allows for lease administration, portfolio management and transaction management.”

Founded in 1994, Exodus provides complex Internet hosting for enterprises with mission-critical Internet operations. The company offers system and network management solutions, along with technology professional services. Exodus manages its network infrastructure via a worldwide network of Internet Data Centers located in North America, Europe and Asia Pacific.