About

Accruent offers business office management software that helps organizations manage their physical resources, such as buildings and equipment, across various industries including healthcare and higher education. Their software includes tools for facilities management, space scheduling, and event management, and utilizes Internet of Things (IoT) technology for remote monitoring of assets. Unlike competitors, Accruent combines software solutions with professional services to provide expert support tailored to client needs. The company's goal is to improve operational efficiency for its clients by optimizing the management of their physical resources.

Simplify's Take

What believers are saying

• The launch of Accruent Space Intelligence(TM) and EMS Flex highlights the company's commitment to innovation and improving workplace efficiency.
• Strategic partnerships, such as with ServiceChannel, enhance Accruent's ability to offer integrated solutions, increasing value for multi-site business operators.
• Accruent's subscription-based model ensures a steady revenue stream, allowing for continuous updates and improvements to their software.

What critics are saying

• The integration of acquired companies like RedEye could pose challenges in terms of cultural and operational alignment.
• Operating in diverse sectors requires Accruent to continuously adapt its solutions, which may strain resources and focus.

What makes Accruent unique

• Accruent leverages IoT technology for remote monitoring, setting it apart from competitors who may not offer such advanced capabilities.
• Their comprehensive suite of solutions across multiple sectors, including healthcare, higher education, and industrial markets, provides a one-stop-shop for asset management needs.
• The recent acquisition by Fortive for $2.0 billion underscores Accruent's market value and potential for growth.

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