Accruent Announces Acquisition of Expesite

Accruent Announces Acquisition of Expesite 
Successful Acquisition Strategy Vaults Accruent Into Industry
Leadership Position 
AUSTIN, TX -- (Marketwire) -- 01/07/13 --  Accruent, LLC, the leading
provider of real estate and facilities software, today announced that
it has acquired Expesite. This is the seventh acquisition that
Accruent has completed in executing its strategy to consolidate the
best people and products, and positions Accruent as the largest
provider of real estate and facilities software in the industry. 
Based in Columbus, Ohio, Expesite provides a suite of SaaS solutions
highlighted by VisionPM, its design and construction project
management product. Expesite's impressive customer list includes The
Wendy's Company and Jo-Ann Fabrics and Craft Stores. More than 63,000
users in 72 countries use Expesite to manage over 470,000
construction projects. 
"The addition of Expesite is a unique opportunity for Accruent," said
Mark Friedman, chief executive officer of Accruent. "Expesite brings
an outstanding group of customers and industry partners, and the
Expesite team has developed compelling solutions to streamline the
complexities of the critical design construction and rollout
processes for their global clients. This is a major step in our drive
to deliver all our solutions in the SaaS environment." 
When combined with Accruent's recent acquisition of Evoco, the
addition of Expesite extends Accruent's leadership position in retail
to nearly 45% of the Top 100 Retailers, and vaults Accruent into a
leadership position in the management of large-scale build programs
for retail chains and franchise operations. These organizations
require specialized systems that enable collaboration with partners
and suppliers across hundreds, and sometimes thousands, of locations. 
The combined company will serve more than 1,000 customers, and the
acquisitions will contribute to Accruent's planned 2013 revenue
growth of approximately 50%. "Our strategy is achieving the results
we envisioned," Friedman continued. "We are leveraging synergies
between the best in class solutions we've assembled and it has
dramatically accelerated the rate at which we're developing new
products and delivering customer value." 
Commenting on the impact the acquisition will have on Expesite
customers, Jeff Sopp, Expesite's chief executive officer, said, "We
base every decision on the best interests of our clients. Joining
forces with Accruent clearly allows us to achieve the broad
capability our clients require much sooner. Accruent is setting the
pace for the industry, and we made this move to ensure our clients
will have solutions that are second to none." 
The integration of Expesite operations into Accruent is expected to
be completed during the first quarter of 2013, with key Expesite
leaders assuming positions in the combined company. Support for
Expesite and Accruent products continues without interruption.  
About Expesite 
A Software as a Service (SaaS) company, Expesite provides a
collaborative software platform for real estate development,
construction, and facilities management through its suite of Vision
products. Since 1999, Expesite has helped clients maximize the
productivity of real estate assets, efficiently manage projects, and
cost-effectively maintain facilities. Expesite delivers results
through long-term client relationships and an intimate understanding
of each client's evolving needs. Headquartered in Columbus, Ohio,
Expesite maintains global offices and serves some of the largest
retailers, chain restaurants, financial institutions, educational
facilities, healthcare facilities, and government agencies in the
About Accruent 
Since 1995, Accruent has helped real estate and facilities leaders
deliver long term, best in class, operational and financial
performance through purpose-built industry suites that deliver
greater customer value. Accruent's six product brands, Accruent,
FAMIS, Siterra, 360Facility, Evoco, and Expesite are used by more
than 1,000 leading organizations, including nearly 45% of the Top 100
Retailers, 20% of the Fortune 500, 100 leading universities, all of
the Top 5 Wireless Carriers, and leading service providers managing
more than 1.5 billion square feet of property. For more information,
All Accruent brand and product names are trademarks or registered
trademarks of Accruent, LLC., 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.  
For more information, please contact: 
Melissa Sitton 
+1 (512) 861-0734 
Press spacebar to pause and continue. Press esc to stop.