Real Estate Performance Management Evolves as a Core Enterprise Application

Santa Monica, Ca., January 29, 2008 — Underscoring record sales in 2007 and rapid adoption of its solutions for Real Estate Performance Management (RPM), Accruent, Inc. announced today that the company is on track to bring one new customer live every 10 days in 2008. In fact, the company has already taken a specialty pet retailer and one of the nation's leading drugstore chains into production this year.

Just as Enterprise Resource Planning and Customer Relationship Management are core business applications, more businesses today are also implementing RPM solutions in order to drive optimized value from their real estate portfolios. Real estate is typically the single largest component of a company’s capital portfolio, while total spending on real estate and facilities accounts for 32% of non-payroll expenses, according to independent research. RPM solutions automate selection and management of these assets, thereby maximizing strategic opportunities while achieving cost-controls.

Unlike point solutions used solely for lease management or real estate build-out projects, Accruent RPM is a complete business suite that fully leverages real estate assets and decisions as a competitive advantage. Accruent solutions allow business and IT leaders to establish a single ‘system of record’ for all information related to their locations, and so replace the multiple, fragmented sources and systems previously in place. When coupled with process management and advanced business intelligence, Accruent bridges the gap between daily operations and real estate strategy.

“There’s no substitute for experience,” said Mark Friedman, founder and chief executive officer of Accruent. “Executives increasingly recognize that real estate impacts their performance but there hasn’t been a consistent management discipline developed to link strategy to execution. We now have several years of product refinement and implementation expertise under our belts, and we owe a debt of gratitude to our early customers. Thanks to them, we have an exceptional delivery team and a set of industry best practices to assure customers of rapid implementation and attainment of business results.”