Mergers & Acquisitions

Mergers & Acquisitions

December 16, 2011

Accruent Acquires Facilities Management Solution Company 360Facility

Accruent, a provider of real estate and facilities solutions, announced its acquisition of 360Facility, a SaaS (News - Alert)-based facilities management solution company.

360Facility’s leadership position in important market segments will assist Accruent to emerge as the preferred SaaS-based facilities solution provider to global corporate and commercial property market.

The acquisition will enable Accruent to add 360Facility’s impressive customer base, highly-capable and easily installed products.

Both the companies did not share the value of the acquisition.

360Facility solutions cover facilities operations, including property management, maintenance and asset management, emergency preparedness, and incident management. It handles more than 400 customers in 56 countries managing 64,000 properties

“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 (News - Alert), chief executive officer of Accruent, in a statement.

“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,” Friedman added.

By engaging facilities team and providing an up-to-date point of reference for actions and status, 360Facility offers customers 'Web and Wireless' coverage for every facilities management function and team member.

“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 will have 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 will be yet another benefit to customers.

Recently, Accruent announced the acquisition of Siterra Corporation (News - Alert). This acquisition further solidifies Accruent's position as the most comprehensive ELM solution with fully-integrated, end-to-end solutions for the entire marketplace.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Jennifer Russell

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