August 04, 2008 11:21 ET

Accruent Confirms Increased Adoption of Real Estate and Facilities Management Solutions

Company Takes 25 Customers Live in First Half of 2008

SANTA MONICA, CA--(Marketwire - August 4, 2008) - Accruent, Inc., a leading provider of Real Estate Performance Management (RPM) solutions, today announced that the company is exceeding its plans to bring one customer live every 10 days in 2008. During the first 180 days of the year, the company completed 25 major projects for organizations across a broad range of industries, including communications, manufacturing, energy, higher education, and retail.

Companies as diverse as 24 Hour Fitness, Dollar General, and Fresenius Medical Care are embracing integrated real estate and facilities management solutions to address their requirement for improved visibility and enhanced control of an area that represents up to 32% of non-payroll expenses.

"We decided to invest in RPM because we believe this is an essential component of our operating strategy," said Steven Doben of Fresenius Medical Care, the world's largest integrated providers of products and services for individuals undergoing dialysis. "During our evaluation, we discovered that many leading organizations had already embarked on similar initiatives, and that Accruent had proven expertise to help us achieve our goals. The results of our on-time and on-budget implementation have radically improved the processes we use manage our real estate."

Accruent provides a comprehensive suite of real estate and facilities management solutions that enable organizations to develop, administer and operate their property portfolios as a competitive advantage Accruent solutions allow business and IT leaders to establish a single 'system of record' for all information related to their locations, replacing the multiple, fragmented sources and systems previously in place. When coupled with process management and advanced business intelligence, Accruent bridges the gap between daily operations and real estate strategy.

"The demand for holistic real estate and facilities management solutions continues to build as organizations recognize their strategic impact on overall performance," said Mark Friedman, founder and chief executive officer of Accruent. "And organizations are looking for partners with extensive capabilities, deep domain knowledge, and a track record of customer commitment. Incorporating the best practices of 400 customers, our solution includes best-in-class functionality in every product category and across all industries."

About Accruent:

Founded in 1995, Accruent leads the industry with a comprehensive suite of real estate and facilities management solutions that enable organizations to design and operate their property portfolios as a competitive advantage. Accruent Real Estate Performance Management (RPM) solutions match the location management strategies and objectives of commercial, education and public sector customers. These range from driving retail revenue growth to reducing facilities costs and achieving financial and regulatory compliance. Many of the world's largest companies, including 20 percent of the Fortune 500 and 40 percent of the Top 100 Retailers use Accruent's solutions, as well leading universities and governmental bodies.

In February 2008, Accruent acquired FAMIS Software, a pioneer in Integrated Workplace Management System (IWMS). Combined, these companies benefit from collaboration with more than 400 active customers and an extensive network of solution and service partners to offer unrivaled expertise spanning the entire real estate and facilities management lifecycle. For more information, please visit www.accruent.com.

All Accruent brand and product names are trademarks or registered trademarks of Accruent, Inc., in the United States and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.