Santa Monica, Calif. Accruent, a leading provider of Enterprise Location Management (ELM) solutions, announced that it has been acquired by Vista Equity Partners. Vista, a private-equity firm with over $2.5 billion in committed capital, invests in private and public software and software-enabled companies, focusing on successful organizations committed to maintaining industry leadership.
“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, CEO 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.