Accruent Company Research Report

Company Overview

• Name: Accruent

• Mission: At Accruent, our mission is to optimize workplace and asset management, unifying the built environment. They emphasize connecting people, systems, and data to enhance business productivity.

• Founded: 1995

• Key People:

• Richard Leurig, President

• Brooke Huling, Chief Product Officer

• Kristi Jurecka, Chief Technology Officer

• Headquarters: Austin, Texas, USA

• Employees: No information is available

• Revenue: No information is available

• What the Company is Known For: Accruent is known as a leading provider of workplace and asset management software for unifying the built environment. They serve over 10,000 organizations in 150+ countries.

Products

Accruent offers a range of software solutions designed to integrate and optimize the lifecycle of assets and facilities.

1. EMS Software

• Description: Desk, Room, and Event Scheduling Software

• Key Features:

• Streamlined scheduling for meeting rooms, events, shared spaces, and desks.

• Powerful analytics and data-driven decision-making tools.

• Integrations with systems like HVAC, lighting controls, and AV equipment.

2. Lucernex

• Description: Real Estate Management Software

• Key Features:

• Lease administration and site planning.

• Ensures compliance with lease accounting standards.

• Robust reporting and analytics for real estate forecasting.

3. RedEye

• Description: Cloud Engineering Document Management System

• Key Features:

• Manage engineering documents with access control and compliance.

• Mobile access for in-field teams.

• Integrates with ERP, EAM, and GIS systems.

4. Maintenance Connection

• Description: Computerized Maintenance Management System (CMMS)

• Key Features:

• Streamlines work order management.

• Supports preventive maintenance and inventory management.

• Mobile app for real-time data access and updates.

5. Space Intelligence

• Description: Integrated Space Management Software

• Key Features:

• Optimize space utilization and cost control.

• Centralized analytics for real estate insights.

• Scenario planning and strategic space allocation.

6. Observe

• Description: IoT Remote Monitoring, Control, and Energy Management

• Key Features:

• Predicts asset failures and optimizes energy management.

• Real-time monitoring and alerting.

• Integration with existing systems and infrastructure.

7. TMS

• Description: Healthcare CMMS Software

• Key Features:

• Maximize equipment effectiveness and compliance.

• Mobile-ready for real-time work order management.

• Integration with medical devices and healthcare assets.

Recent Developments

Product Launches

1. Space Intelligence - Accruent launched a solution to help organizations optimize underutilized offices and increase space efficiency.
2. RedEye - Enhanced integration for engineering document management with IoT systems.

New Partnerships

1. Alliot Technologies - To bolster IoT remote monitoring capabilities for retail environments.
2. Access IoT - Expanding energy management services across Denmark and the Nordics.
3. Jacobs - Addressing engineering document and compliance challenges in the pharmaceutical sector.
4. Streamnet Co. Ltd. - Enhancing corporate collaboration in Hungary.

Key Acquisitions

• RedEye - Acquisition that enhances document management capabilities with a modern centralized hub.

Leadership Changes

• Appointment of Richard Leurig as President.

• Promotion of Brooke Huling to Chief Product Officer and Kristi Jurecka to Chief Technology Officer.

Industry Recognition

• Accruent's IWMS product suite acknowledged in the Independent Analyst Firm’s Green Quadrant Report for its functionality and innovation.

Strategic Initiatives

• Accruent emphasized leveraging cloud and AI capabilities through collaboration with Microsoft Azure to enhance product offerings and drive customer success.

Conclusion

Accruent has established itself as a key player in the realm of asset and workplace management solutions, offering a comprehensive suite of software that spans across diverse industries and geographies. Through strategic partnerships, product innovation, and executive leadership, Accruent continues to enhance its capabilities and market reach.