January 19, 2016 - Real Estate Lifecycle Management Solutions Company Grows Revenue and Expands Leadership Team
AUSTIN, Texas—January 19, 2016—Accruent, the fastest-growing and largest independent provider of real estate, facilities and asset management solutions, achieved another record year of growth across all key metrics in 2015. Through industry alignment and strategic product investment, Accruent gained market share in all industry verticals, expanded its international footprint and generated robust EBITDA growth.
Accruent grew both revenue and software bookings by 43 percent. The company’s focus on customer value included delivery of 64 product releases and the launch of AssetConnect, the first integrated solution that links capital planning with facilities management. In addition, Accruent enabled 139 implementation go-lives, an increase of 48 percent over the prior year. This focus drove 97 percent customer retention.
With the most complete solution set for delivering value across real estate and facilities management, Accruent added 171 new customers in 2015 and expanded its international presence with go-lives in Nigeria, Brazil and Colombia. Top line results were accompanied by increasing profitability as the company delivered its 24th consecutive quarter of EBITDA growth.
To continue this growth, Accruent announced the addition of two new executives to the team, Kelly Connery as chief revenue officer and John Borgerding as president.
Connery previously served as CRO at Bazaarvoice and draws upon 20 years of experience in building successful, high-growth companies and high-performing teams.
Since October 2015, Connery has been leading Accruent’s newly aligned industry teams. Each industry team has a dedicated general manager and a core set of leaders to ensure the company invests in and delivers market-specific solutions that drive greater customer value.
“Accruent had an incredible year,” said Kelly Connery, CRO, Accruent. “The acquisitions of 2014 helped shape the strategy to move to industry-focused teams, and we will now be able to better deliver expertise, products and services.”
The addition of Borgerding as president further enables Accruent to scale globally to meet the needs of its entire customer base. Borgerding brings over 20 years of technology experience including his most recent positions as president and COO of Websense, CEO of SumTotal Systems, and EVP of global services for Ventyx. As president, Borgerding will oversee the day-to-day operations of the company and report to CEO Mark Friedman.
“I’m excited to be part of a company that has such a huge potential for the future,” said John Borgerding, president, Accruent. “Accruent has consistently proven its leadership in the market and I look forward to continuing the growth trajectory.”
“We have had tremendous success over the past 20 years and these changes position us to drive continued growth and innovation for years to come,” said Mark Friedman, CEO, Accruent.
Accruent helps real estate and facilities leaders deliver long-term, world-class operational and financial performance through industry-specific suites that deliver greater customer value. Accruent’s solutions are at work in more than 4,400 leading organizations worldwide, including 40 percent of the top 100 retailers, 20 percent of the Fortune 500, 40 percent of the leading universities, all of the top 4 U.S. wireless carriers, 40 percent of U.S. hospitals, and leading service providers managing more than 4 billion square feet of property. Founded in 1995, Accruent is headquartered in Austin with U.S. offices in Santa Monica, Evanston, Columbus, Pittsburgh and Boston. Outside of the U.S., Accruent has offices in Vancouver, BC; Burnaby, BC; Calgary, AB; Vaughan, ON; Reading, UK and Hong Kong. For more information, visit www.accruent.com.