SOURCE: Accruent

October 04, 2007 17:59 ET

Accruent Honored as a Deloitte Technology Fast 50 Company for Seventh Consecutive Year

Attributes Real Estate's Increasingly Important Role in Competitive Positioning to Its 356% Percent Revenue Growth

SANTA MONICA, CA--(Marketwire - October 4, 2007) - Accruent, the leading provider of Real Estate Performance Management (RPM) solutions, today announced that it has been named to Deloitte's prestigious Technology Fast 50 Program for Los Angeles, a ranking of the 50 fastest growing technology, media, telecommunications, and life sciences companies in the area by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Rankings are based on the percentage revenue growth over five years from 2002-2006.

Accruent's increase in revenues of 356% percent from 2002 to 2006 resulted in a 21 ranking in the Technology Fast 50 for Los Angeles.

"Today's announcement marks the seventh consecutive year Accruent has been recognized by Deloitte for rapid, sustained growth," said Mark Friedman, chief executive officer of Accruent. "This honor validates that the RPM market is coming of age. Real estate is one of the largest, long-term financial commitments for companies across many industries, and has a real impact on overall enterprise strategies. RPM is increasingly recognized as a foundation for continued growth and profitability. Accruent will continue to provide world-class resources for our customers to realize the enormous opportunity available by effectively managing their real estate assets."

"Deloitte's Los Angeles Technology Fast 50 companies have shown the strength, vision and tenacity to succeed in today's very competitive technology environment," said Tony Buzzelli, vice chairman and regional managing partner, Pacific Southwest Region, Deloitte & Touche LLP. "We applaud the successes of Accruent and acknowledge it as one of the very few to accomplish such a fast growth rate over the past five years."

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 2002 and $5,000,000 in 2006, be headquartered in North America, and be a company that owns proprietary technology or proprietary intellectual property that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify.

Companies from the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest growing technology, media, telecommunications and life sciences companies. For more information on Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte", "Deloitte & Touche", "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

About Accruent, Inc.

Founded in 1995, Accruent leads the industry with a new generation of solutions designed to fully leverage real estate assets and decisions as an enterprise competitive advantage. Accruent Real Estate Performance Management (RPM) solutions maximize the impact that real estate properties -- stores, restaurants, local branches, and corporate offices -- have on company performance by driving revenue growth, reducing costs and achieving financial compliance. More than 340 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. In addition, Accruent couples the broadest and deepest real estate data set and advanced business intelligence to bridge the gap between daily operations and strategy. For more information, please visit www.accruent.com.

Editor's Note: 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.

Contact Information

  • Press Contacts:
    Robyn Fernsworth
    Kickstart Consulting for Accruent
    415-925-0909
    Email Contact

    Kathy Fischer
    Marketing Communications Manager
    Accruent, Inc.
    416-643-1388
    Email Contact