SOURCE: Accruent

Accruent

February 07, 2011 08:00 ET

Accruent Positioned in Leaders Quadrant in Gartner's 2011 Magic Quadrant for Integrated Workplace Management Systems

Company Solidifies Position as Market Leader for Location Management Solutions

SANTA MONICA, CA--(Marketwire - February 7, 2011) -   Accruent, LLC., the market leading provider of Enterprise Location Management solutions, today announced that it has been positioned in the Leaders Quadrant in Gartner Inc.'s 2011 'Magic Quadrant for Integrated Workplace Management Systems' report, released on January 31, 2011.

Companies placed in the Leaders Quadrant have "strength in applications and platform technology, demonstrate a high level of quality in product reliability and service, have strong operational and organizational capabilities and financial stability, have global reach and offer a strong vision of customer needs, reflected in a robust development road map."

According to Gartner's Rob Schafer, the report's author, the Integrated Workplace Management Systems (IWMS) market is targeted at the efficient, coordinated management of the complete real estate/facilities life cycle that cover the five core areas of construction project management, real estate administration and management, space and facilities management, maintenance management and sustainability.

"We share Gartner's position that large scale, end-to-end location management solutions are increasingly strategic and deliver significant customer ROI as facility and real estate costs are usually the second-largest budget item for any enterprise. We are pleased to be recognized as a leader in this space," said Mark Friedman, founder and chief executive officer at Accruent. "Our goal is to provide our customers with the highest ROI application that they can implement through solutions that are targeted for their specific needs."

Accruent provides comprehensive real estate and facilities solutions that enable organizations to develop, operate, and administer their portfolios as a strategic value driver. Accruent's solutions serve as a single 'system of record' for all information related to their locations by replacing fragmented sources and systems. When coupled with process management and advanced business intelligence, Accruent's solutions deliver organizations measurable value through cost savings, productivity improvements, and portfolio optimization.

About the Magic Quadrant

The Magic Quadrant is copyrighted 2011 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner.

Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Accruent

Founded in 1995, Accruent is leading the real estate and facilities industry with a new generation of enterprise solutions designed to fully leverage real estate and facilities as a performance advantage. Accruent Enterprise Location Management solutions optimize the impact that locations have on organizational performance by optimizing real estate and facilities portfolios, eliminating unnecessary spending, and supporting compliance and sustainability initiatives. Accruent's solutions are used by over 400 leading organizations including 20 percent of the Fortune 500, more than 40 percent of the Top 100 Retailers, leading universities, and public sector entities. To support this wide diversity, Accruent offers a choice of solutions that are designed and built to serve specific industry needs. For more information, visit www.accruent.com.