# Accruent

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/accruent

- Industry: Software
- Headquarters: Austin, US
- Website: www.accruent.com
- Total disclosed funding: $16M
- Latest round: Series F (Oct 10, 2006)
- Investors on record: 9

## About

Accruent, LLC is a US-based software company that specializes in integrated solutions for managing facilities, assets, and people across various sectors, enhancing operational efficiency and compliance for its clients.Founded in 1995, Accruent, LLC is dedicated to providing software solutions for asset and facilities management. The company is headquartered in Austin, Texas, US. In July 2018, Fortive Corporation agreed to acquire Accruent from Genstar Capital Partners for USD 2 billion, completing the deal in September 2018. Accruent has been involved in 10 deals throughout its history.Accruent specializes in providing integrated software solutions aimed at enhancing the management of people, facilities, and assets across various industries. Their core offerings include a Computerized Maintenance Management System (CMMS) designed to streamline facility and asset maintenance, an Engineering Document Management Solution (EDMS) for effective collaboration on engineering documentation, and a suite of Workplace Management Solutions that facilitate desk and room scheduling, event management, and space optimization. These products serve a diverse client base, including healthcare institutions, educational facilities, retail operations, and utility companies, enabling them to enhance operational efficiency and compliance while lowering costs. Accruent's solutions are actively sold in key geographical markets, including North America, Europe, and parts of Asia, addressing the unique challenges faced by organizations in these regions.Accruent generates revenue primarily through subscription-based models, where clients pay for access to its suite of software solutions. The transaction structure involves ongoing service agreements, allowing clients to utilize various products such as the CMMS and EDMS, along with specialized services like training and technical support. These agreements typically include annual or multi-year commitments, providing predictable revenue streams for the company. Pricing plans for their offerings are structured to accommodate different user needs and organizational sizes, with options that cater to both large enterprises and smaller entities. The company’s flagship products, including the CMMS and EMS software for integrated space management, are pivotal in driving their revenue growth through direct-to-business relationships.Accruent plans to leverage the funding from its recent acquisition by Fortive Corporation to enhance its product offerings and expand its market reach. The company aims to design and launch new features for its software solutions, focusing on innovative functionalities to meet evolving client needs. Additionally, Accruent is targeting expansion into new markets in Europe and Asia by 2023, aiming to establish a stronger presence in these regions. The rationale for utilizing the USD 2 billion raised from the acquisition involves investing in product development and market penetration strategies to drive growth.

## Funding rounds

- Series F, Oct 10, 2006, $5.5M — InnoCal, Sierra Ventures, Peninsula Ventures, Pequot Capital Management, Jiyuan Capital
- Series B, Nov 18, 2002, $10M — InnoCal, Red Rock Ventures, Sierra Ventures, Peninsula Ventures, FirstMark Capital, Stanford University, Constellation Real Technologies

## Investors

- InnoCal (https://capitalatlas.ai/funds/innocal) — Series B, Series F
- Red Rock Ventures (https://capitalatlas.ai/funds/red-rock-ventures) — Series B
- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Series B, Series F
- Peninsula Ventures (https://capitalatlas.ai/funds/peninsula-ventures) — Series B, Series F
- FirstMark Capital (https://capitalatlas.ai/funds/firstmark-capital) — Series B
- Stanford University — Series B
- Constellation Real Technologies (https://capitalatlas.ai/funds/constellation-real-technologies) — Series B
- Pequot Capital Management — Series F
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Series F