Accruent Joins the Vista Equity Partners Portfolio
Accruent Inc., a leading provider of Enterprise Location Management (ELM) solutions, announced today that it has been acquired by Vista Equity Partners (Vista).
“Vista is the right business partner for Accruent because they share our focus on delivering exceptional long-term value to customers, and they have a unique strategy for driving operational improvement,” said Mark Friedman, chief executive officer of Accruent. “Today’s announcement marks an important milestone in our maturity as a company and the start of a new chapter in our growth. Vista’s investment is a validation of our progress to date and provides the resources and expertise to take Accruent to the next level.”
Accruent provides a comprehensive suite of ELM solutions that enables organizations to develop, administrate and operate their property portfolios as a competitive advantage. Accruent’s solutions allow clients to establish a single ‘system of record’ for all information related to their locations by replacing the fragmented sources and systems previously in place. When coupled with process management and advanced business intelligence, Accruent helps organizations align real estate and facilities strategy with business strategy.
Vista’s founder and managing principal, Robert F. Smith said, “We are tremendously excited about partnering with Accruent. We are convinced that Accruent’s customers can realize significant ROI by investing in ELM. We also recognize that Accruent enjoys a commanding position in the industry due to the material results achieved by its customers and the deep expertise of its people. We look forward to working with the management team to serve the needs of current customers and attract new customers through investments and innovations that deliver proven value.”