SOURCE: Accruent

December 05, 2007 09:00 ET

BearingPoint and Accruent Team to Deliver Real Estate Performance Management Initiatives

Industry Leaders Identify Cross-Industry Need

MCLEAN, VA and SANTA MONICA, CA--(Marketwire - December 5, 2007) - BearingPoint, Inc. (NYSE: BE), one of the world's largest management and technology consulting firms, and Accruent, Inc., the leading provider of Real Estate Performance Management (RPM) solutions, announced today that they will work together to support organizations seeking to align their real estate and facilities with their strategic plans.

"Accruent offers a solution that supports a transformation in the way organizations think about and manage their real estate assets," said Jack Thompson, managing director at BearingPoint. "It allows organizations to obtain a complete understanding of the effectiveness of their capital investments in real estate and to control and optimize operational expenses. This type of technology provides a platform for organizations that are turning real estate into a strategic advantage."

BearingPoint has one of the largest dedicated real estate consulting practices with more than 100 professionals assisting clients across a broad spectrum of industries to design real estate strategies and implement world-class business processes. A core team of consultants is currently training on Accruent technology.

"More and more organizations are recognizing that aligning their locations with their strategy provides a big lever for performance improvement," Thompson said. "But when they look under the hood, they find a patchwork of systems that undermine rather than support an enterprise strategy. With Accruent's help, we can guide them through the implementation of a 'location system of record' to enable business transformation."

"Real estate is proving to be a virtually untapped area for performance improvement," said Mark Friedman, chief executive officer of Accruent. "As yet, there is no 'manual' for RPM, and customers in diverse industries are seeking guidance through every phase of the implementation lifecycle. Each customer we work with discovers new opportunities to materially improve bottom line results. In such a dynamic, new enterprise solution arena, the expertise that BearingPoint can bring to bear is invaluable."

About BearingPoint, Inc.

BearingPoint, Inc. (NYSE: BE) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in 60 countries worldwide. Based in McLean, Va., the firm has more than 17,000 employees focusing on the Public Services, Financial Services and Commercial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the company's Web site at

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.

Contact Information

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    Marketing Communications Manager
    Accruent, Inc.
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