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Accruent Announces Acquisition of 360FacilityAcquisition Expands SaaS Technology, Product Capability and Global Reach (December 15, 2011)
AUSTIN, TX -- (Marketwire) -- 12/15/11 -- Accruent, LLC, the leading provider of real estate and facilities solutions, announced today its acquisition of 360Facility, a leading SaaS-based facilities management solution company. 360Facility has an impressive customer base, highly-capable and easily-installed products, and a leadership position in important market segments. 360Facility has rapidly emerged as the preferred SaaS-based facilities solution provider to the global corporate and commercial property market, having 418 customers in 56 countries managing 64,000 properties. 360Facility solutions cover the full spectrum of facilities operations, including property management, maintenance and asset management, emergency preparedness, and incident management.
"The addition of 360Facility brings us a dynamic and successful team, cutting-edge technology and complementary product capabilities that immediately expand our product footprint and market presence," said Mark Friedman, chief executive officer of Accruent. "We are excited by the synergies with 360Facility, including the opportunity to bring its technology to Accruent customers, to provide Accruent solutions to 360Facility customers, as well as to accelerate our market growth."
360Facility offers customers 'Web and Wireless' coverage for every facilities management function and team member. By engaging the entire facilities team and providing a single, up-to-date point of reference for actions and status, 360Facility enables better service and improved efficiency that result in proven customer cost savings. 360Facility serves customers across a wide range of industries and geographies. The company has many customers in the corporate market and commercial property management and the acquisition will vault Accruent to a prominent position in these key segments for real estate and facilities solutions.
"Over the last decade, we have earned a stellar reputation for product quality and support," said 360Facility COO Scott Twyman. "We sought a partner with the resources and expertise to help us take the next steps on our journey and found Accruent to be a great fit for our vision and our customers."
Customers of both companies will see many immediate benefits, including an expanded range of real estate and facilities solutions from both the Accruent and 360Facility product lines; an expanded base of resources including support, engineering, and industry expertise; acceleration of product and platform delivery; and more opportunities for best practice sharing within an expanded community of Accruent customers.
Support for 360Facility and Accruent products will continue without interruption.
Founded in 2000 and located in Evanston, Illinois, 360Facility is a Software as a Service (SaaS) provider, providing solutions that improve the communication, customer satisfaction, maintenance, security, cost, and quality issues confronting facility management and IT professionals. 360Facility is focused on ensuring its software is the fastest and easiest to use in the marketplace and that its customer service is the best in the industry.
Founded in 1995, Accruent leads the industry with real estate and facilities solutions designed to meet the needs of specific industries. Accruent's solutions are used to achieve performance advantage by over 800 organizations including 20 percent of Fortune 500 companies, 100 leading universities, 40 percent of the Top 100 Retailers, and 70 percent of the leading wireless carriers. For more information on Accruent, please visit www.accruent.com.
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