July 10, 2013 - Accruent today announced that it has again been named a Leader in Gartner Inc.’s 2013 Magic Quadrant for Integrated Workplace Management Systems (IWMS). Accruent has been included in every IWMS Magic Quadrant since Gartner initiated publication in 2004.
Gartner Analyst Rob Schafer headlines the latest report by stating, “The integrated workplace management system market continues to rapidly evolve and consolidate. Real estate and facilities executives who deliver the significant ROI of integrated management of the full facilities life cycle will gain positive C-suite and even board-level attention.”
In awarding Accruent its Leader designation, Gartner noted that Accruent has distanced itself from other vendors by recognizing the specialized business needs of different industries. According to Gartner, “Its [Accruent’s] relatively unique strategy among IWMS vendors focuses on serving specific vertical markets, with distinct, purpose-built IWMS product suites targeted at specific industries: corporate, retail, higher education and wireless,” adding that this approach, “can reduce implementation costs and optimize business value.”
Gartner also noted Accruent’s strong business performance. “Accruent has become a solidly profitable, high-growth company,” and that, “a significant majority of the vendor’s [Accruent’s] revenue is derived from multitenant software as a service (SaaS).”
“The growth that Gartner has recognized is generated by combining the best companies, people and products in the IWMS market,” said Mark Friedman, chief executive officer at Accruent. “Our single-minded pursuit is to offer customers the most comprehensive and productive IWMS solution available for their specific industry.” Commenting of the predominance of SaaS-derived revenue, Friedman continued, “A major emphasis for us is enabling customers to derive the benefits of true, ground-up SaaS deployment, and all our products are either already available or scheduled for availability via SaaS.”
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, visit www.accruent.com.