SOURCE: Accruent

October 22, 2007 09:00 ET

Accruent Names Bruce Armstrong to Board of Directors

SANTA MONICA, CA--(Marketwire - October 22, 2007) - Accruent, Inc., the leading provider of Real Estate Performance Management solutions, today announced the appointment of Bruce Armstrong as an independent director to the company's board.

"We are delighted to add Bruce's deep insight and business acumen to our board," said Mark Friedman, chief executive officer, Accruent. "His participation provides direct operational expertise of building high-growth technology companies into category leaders."

Mr. Armstrong is managing partner of Verus Ventures, where he provides advice and counsel primarily in the areas of corporate strategy, venture financing, business development, and sales and marketing. He has over 25 years' experience in developing, marketing, selling and investing in technology.

Prior to joining Verus, Mr. Armstrong was president and CEO of publicly traded KNOVA Software (KNVS), a leading provider of customer service, self-service and intelligent search applications. Previously, he was a partner at Internet Capital Group (ICGE), where he helped lead the strategy and management of software infrastructure investments.

Mr. Armstrong has served on the boards of Accrue, Agribuys, BuyMedia, Citadon, CMPnet, Collabrys, Delphion, Evolving Systems, Freeborders, FuelSpot, ICG Asia, ICG Japan, ITM Software, KNOVA, NetVendor, Proveer, TeamOn, and Vivant. He also serves on the board of The Bay School of San Francisco, an independent, coeducational college preparatory high school located in the Presidio of San Francisco.

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

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.

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