Accruent, a leading provider of Real Estate Performance Management (RPM) solutions, announced in February of 2008 the acquisition of FAMIS Software, a developer of Integrated Workplace Management Systems (IWMS) based in Irvine, Calif. Combined, these companies will deliver a comprehensive solution for the facilities management and real estate lifecycle from market planning to administration and operational management. Together, Accruent and FAMIS serve over 400 active customers ranging from retail and corporate users to universities and public sector entities. The new combination offers best-in-class functionality in every product category as well as extensive domain and industry expertise.
“The message is clear,” said Mark Friedman, CEO of Accruent. “The market is searching for a partner that can deliver not just software but a proven capability to deliver an effective end-to-end solution. Customers want to sweep away the fragmented systems and processes that stand between them and clear visibility of these critical operations. This has been our vision, and today we have the scale and the resources to execute it.”
The solutions offered by Accruent and FAMIS address a staggering 32% of non-payroll operating expenses. Yet these cash flows, as well as the capital programs dedicated to building, leasing, and operating locations, are not addressed by today’s enterprise software solutions. Until this acquisition, no single supplier had the capability to deliver world-class capabilities across the complete spectrum of RPM and IWMS functionality.
Accruent is the first company to apply information technology to the vital decision-making and operational processes around acquiring and managing real estate, one of the largest capital investments and operating expenses for many organizations. Accruent’s RPM solutions are used by 20% of the Fortune 500, and nearly half of the nation’s top 100 retailers. IWMS, a more mature software sector, enables organizations to optimize use of their property portfolio. IWMS solutions are used for facilities management, including space planning and optimization, as well as all aspects of building operations and maintenance. FAMIS is a pioneer and leader of the IWMS market with a dominant position in Higher Education. FAMIS serves high-profile clients such as Corning Incorporated, Nortel Networks, Stanford University, University of Southern California, the Commonwealth of Massachusetts, and the Province of Alberta.