03 Dec

Avadencia Wins 2014 Red Herring Top 100 Global

Project Forecasting and Forensic Cloud Software Receives International Award

LAGUNA, CA–(Marketwired – Dec 3, 2014) – Red Herring announced Avadencia as a Red Herring 100 Global Winner at its Los Angeles event. Red Herring announced its Top 100 Globalin recognition of the leading private companies from North America, Europe, and Asia today, celebrating these startups’ innovations and technologies across their respective industries. The Red Herring 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.

Avadencia’s innovative project forecasting and forensic software was selected from thousands of companies across 40 countries. The competition assesses a range of qualitative and quantitative metrics, including but not limited to: technology innovation, financial performance, growth criterion, management’s execution standards, potential globalization of the strategy, and market share improvement.

Alex Vieux, publisher and CEO of Red Herring says, “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe Avadencia embodies the vision, drive and innovation that define a successful entrepreneurial venture.”

Avadencia’s self-titled software improves project forecast accuracy with a full, dynamic suite of features and resulting business intelligence. The software is a major innovation for project-based businesses such as construction, oil and gas, manufacturing, and aerospace industries, which can now manage the fine details of forecasting when large, distributed teams are involved, providing clarity and insight never before offered. The construction industry’s leading trade magazine, Constructech Magazine, has called Avadencia “A crystal ball for construction.”

Avadencia’s multidisciplinary team designed the forecasting software and its intuitive interface to surpass industry standards and provide new capabilities for Project Managers and forecasters alike. The cloud software’s time-and money-saving features including Instant Recall™, a detailed line item history; mobile collaboration tools; a unique singular, comprehensive spreadsheet view; graphically appealing, and a number of other tools to track project health and keep stakeholders informed. Its mobile application, allows users to input information or actively interact with forecasts even from the field.

Avadencia CEO Michael Saddik says, “It is an honor to have Avadencia join the prestigious list of Red Herring winners past and present. We are proud to be recognized for innovating forecasting software and, with it, how business is done.”

About Avadencia:

Avadencia (www.Avadencia.com) is a computer software company specializing in project portfolio job forecasting for aerospace, construction, oil & gas and infrastructure-related industries. The company is based in Laguna Beach, California.

Media Contact: Georgia Nammour gnammour@Avadencia.com

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05 May

Avadencia is a Finalist for the 2014 Red Herring Top 100 North America Award

Company Will Present Its Innovative Job Cost Forecasting Software in May Competition

Laguna, CA – May 5, 2014 – Avadencia is proud to announce it has been named a 2014 Red Herring Top 100 North America Finalist. From hundreds of applicants, Avadencia was named to the finalist list reflecting the top 100 private companies across the region, selected for their technological innovation, management strength, market size, investor record, customer acquisition and financial health.

Avadencia’s self-titled software includes a full suite of innovative features designed to vastly improve the accuracy of job cost forecasts and the business intelligence gained from them. For the first time, sophisticated, project-based businesses including those in the construction, oil and gas, manufacturing, and aerospace industries, have complete control over the forecasting process. The construction industry’s leading trade magazine, Constructech Magazine, has called Avadencia “A crystal ball for construction.”

Avadencia CEO Michael Saddik said, “Avadencia has devoted itself to solving the longstanding problems of job cost forecasting with better technology. We are honored to be recognized for these innovations, and look forward to presenting our work.”

Avadencia’s multidisciplinary team designed the forecasting software to surpass industry standards and provide solutions Project Managers and forecasters have been looking for. The cloud software boasts a number of time-saving features including Instant Recall™, a detailed line item history; mobile collaboration tools; a unique singular, comprehensive spreadsheet view; graphically appealing, intuitive user interface; and a number of other tools to track project health and keep stakeholders informed. The combination of these features give users more insight into the factors influencing forecasts than has been previously available. The company recently released its mobile application to the App Store, enhancing the ability of users to input information and interact with forecasts while in the field.

Alex View, publisher and CEO of Red Herring, said this: “The finalists list confirms the excellent choices made by entrepreneurs and VCs and the start-ups’ solid roots in corporate America, embracing their innovations. By all metrics, it emphasizes the United States’ entrepreneurial excellence,” said Alex Vieux, publisher and CEO of Red Herring.

Avadencia will present its cloud-based forecasting software in the final round of judging, on May 16th at 4:30pm at the Red Herring 100 North America event in Monterey, California.

About Avadencia:

Avadencia (www.Avadencia.com) is a computer software and consulting company specializing in project portfolio job cost forecasting for aerospace, construction, oil & gas and infrastructure-related industries. The company is based in Laguna Beach, California.

Forward Looking Statements: This press release may contain forward-looking statements relating to Avadencia’s performance that are based on management’s current expectations, estimates and projections. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties, assumptions and other factors, some of which are beyond Avadencia’s control and are difficult to predict. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Media Contact: Georgia Nammour gnammour@Avadencia.com

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02 Apr

Mobile Application Gives Construction Companies Complete Control Over Forecasting

Laguna, CA – April 2, 2014 – Today Avadencia announces the release of the mobile application for its self-titled, cloud-based forecasting software. Avadencia supports sophisticated, project-based businesses with intuitive and extremely high performance software. Its forecasting software boasts a number of features to give users extensive business intelligence and the ability to observe and react to changing project conditions as they occur.

The free mobile application, now available in the App Store, includes some of Avadencia’s most popular functionalities:

  1. Instant Recall™, showing specific item details, so users can gain insight into the item’s progression or item forecast stability
  2. Mobile Collaboration Tools
  3. Multi-user, Cloud-based Platform provides permission-based project visibility
  4. Proactive Risk Management Tools
  5. Built-in APIs that can be configured to work with popular ERP systems and display forecast details in the field

The construction industry has already embraced Avadencia’s innovative forecasting tool. In Constructech Magazine’s most recent Jan-Feb 2014 issue, Avadencia was called “A crystal ball for construction.” The software is designed around the needs of project-based industries that rely on forecasting, including construction, oil and gas, manufacturing, aerospace, and more.

Avadencia CEO Michael Saddik says, “Our focus has been on using software to bridge the gap between forecasts and the realities of an active, ongoing project. Our cloud-based forecasting software already enables this; mobile application is furthers our commitment to making this technology available anywhere our customers will need to use it.”

Avadencia allows forecasters to improve information collection while promoting analysis and sharing with the appropriate team members. Its Instant Recall™ feature enables users to drill down into the history of line items and trends for better understanding and improved decision-making. Avadencia’s cloud-based software gives construction firms and others who spend significant time in the field consistent access to their project forecasting tools. With the new mobile app, users have one more way to access and manipulate forecasts from wherever they are, whether in the office or the field.

About Avadencia:
Avadencia (www.Avadencia.com) is a computer software and consulting company specializing in project portfolio job cost forecasting for aerospace, construction, oil & gas and infrastructure-related industries. The company is based in Laguna Beach, California.

Forward Looking Statements: This press release may contain forward-looking statements relating to Avadencia’s performance that are based on management’s current expectations, estimates and projections. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties, assumptions and other factors, some of which are beyond Avadencia’s control and are difficult to predict. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Unless legally required, Avadencia undertakes no obligation to update publicly any forward looking statements, whether as a result of new information, future events or otherwise. Representative examples of other factors that may impact the forward looking statements include (without limitation) general industry, international economic and political conditions, competition from other companies, shifts in customer demands, customers and partners, changes in operating expenses, including all other unpredictable or unknown factors not discussed in this press release, which could also have material adverse effects on forward looking statements contained in this release as well as other statements made by the Company.

For more information: www.Avadencia.com
Media Contact: Georgia Nammour gnammour@Avadencia.com

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26 Feb

“A Crystal Ball For Construction” – Constructech Magazine Jan-Feb 2014: New Products

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“It’s safe to say contractors cannot see into the future. But there’s nothing stopping technology from helping provide a bit more clarity to the road ahead.

Enter Avadencia, www.avadencia.com, Laguna Beach, Calif., and its Avadencia Project Portfolio Cost Forecasting. This cloud-based tool gives contractors the ability to do true forecasting in order to help gain intelligence by implementing not only data from the past, but up-to-date, relevant information from the field.

To date, most contractors are using one of two extremes when it comes to forecasting: larger enterprise systems or spreadsheets. Avadencia integrates with enterprise and job-cost systems to combine that familiar spreadsheet view with a graphical project dashboard. From there, users are able to drill down to individual line items, analyze trends, and view real-time changes to forecasts.

Among the unique aspects to the software is Instant Recall, which provides specific item details with complete history and allows users to gain insight into the progression or stability of an item. Proactive risk management capabilities introduce the ability to track variances and red flag any variables considered to be “at risk.” These items can be matched with enterprise project portfolio management tools in order to view and manage multiple projects at once.

Avadencia also brings forecasting capabilities to the field. Mobile capabilities (launched initially for iOS) help users provide things like photo and video documentation from the field of specific items.

Another unique aspect to this is the forensics capabilities that allow users to analyze trends and drill down on the details of a cause. Such in-depth historical data helps users understand and validate key factors that influence the forecast. By learning from these historical patterns, contractors can build more accurate forecasts ahead.”

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20 Feb

Orange County Business Journal Names Avadencia President Michael S. Saddik as a “Excellence and Entrepreneurship” Award Nominee

Avadencia continues gathering new accolades with the Orange County Business Journal naming Avadencia President Michael S. Saddik as one of its Excellence in Entrepreneurship Award Nominees from 2014.

As stated in the OCBJ, “Michael Saddik is an accomplished strategic executive and brings over 20 years of extensive domestic and international experience. Relocating to Orange County in 2005 from the Silicon Valley, Saddik started numerous technology corporations in the Orange County area. During times when the economy was struggling and most entrepreneurs were having a difficult time striving, Saddik succeeded in starting companies that have gone on to grow in value. Currently he is working on a joint venture with another serial entrepreneur called Avadencia.  Avadencia is a cloud-based project forecasting company.  Although the company is under a year old, it already has a successful product in the industry and has received positive reactions from some of the largest heavy construction firms.”

The EIE Awards will take place at the Hotel Irvine on March 18, 2014.

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04 Dec

Avadencia Launches Cloud-Based Project Job Cost Forecasting Software

Laguna Beach, CA – December 4, 2013 — Today Avadencia has announced the release of its self-titled cloud-based forecasting software, offering users the unique ability to observe and respond to project portfolio job cost adjustments as they occur.

Inspired by the construction industry’s desire for more comprehensive and efficient cost forecasting software, Avadencia was designed with features that meet the most pressing needs of construction forecasters as well as those in aerospace, manufacturing, plus oil and gas industries.

“Until now, forecasting software has fallen short when it comes to real-time critical data needs,” Avadencia President Michael Saddik said.  “Forecasting software has always made the crucial mistake of separating the forecasts from the actual dynamics of an ongoing project.

“This failure to reflect on ongoing developments can prove to be a serious liability for companies that should be actively reflecting on and learning from their project data so they can understand their true cost drivers. We wanted to create software that enables data-driven decision making, from the top down,” Saddik added.

With decades of experience in the industries Avadencia serves, the company’s software was designed by a cross-disciplinary team of executive managers familiar with project portfolio management, engineering, job cost forecasting and cloud software development.

With this insight infused into the software, Avadencia helps project managers improve cash flow projection with industry-specific and accurate cost-to-complete assessments. Avadencia’s proprietary Instant Recall™ feature lets users drill down into the history of line items, view supportive documentation or related correspondence.  By providing this documented history and the ability to view trends influencing the forecast, Avadencia makes business data more accessible and valuable to users.

“We decided from the start that Avadencia needed to offer more complete project forecasting and better analysis tools while improving the user’s experience with their operational software,” Saddik added. “It’s intuitive for our users to access their information and learn quickly from their own results. Cost forecasting software isn’t just about organizing data; it’s about deriving better value from that data for its users.”

Avadencia’s easy-to-use interface includes a user-defined dashboard with data visualization tools. This enables Avadencia to produce project portfolio intelligence graphs that relay real-time, comprehensive information at a single glance.

Built natively for cloud computing, Avadencia brings to market for the first time, this level of functionality to job cost forecasting for construction firms and to other infrastructure industries with workforces continuously operating both in the office and the field.

About Avadencia:
Avadencia (www.Avadencia.com) delivers comprehensive, dynamic forecasting and project portfolio management (PPM) tools specializing in job cost forecasting for aerospace, construction, oil & gas and infrastructure-related industries. The company is based in Laguna Beach, California.

Forward Looking Statements: This press release may contain forward looking statements relating to Avadencia’s performance that are based on management’s current expectations, estimates and projections. Actual future performance, outcomes and results may differ materially from those expressed in forward looking statements as a result of a number of risks, uncertainties, assumptions and other factors, some of which are beyond Avadencia’s control and are difficult to predict. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Unless legally required, Avadencia undertakes no obligation to update publicly any forward looking statements, whether as a result of new information, future events or otherwise. Representative examples of other factors that may impact the forward looking statements include (without limitation) general industry, international economic and political conditions, competition from other companies, shifts in customer demands, customers and partners, changes in operating expenses, including all other unpredictable or unknown factors not discussed in this press release, which could also have material adverse effects on forward looking statements contained in this release as well as other statements made by Avadencia.

For more information: www.Avadencia.com
Media Contact: Georgia Nammour gnammour@Avadencia.com

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