Austin, TX – September 22, 2016 – Accruent, the world’s largest provider of real estate, facilities and asset management solutions, today announced the acquisition of Verisae, Inc., a leading provider of cloud-based solutions that connect facilities and assets to the maintenance and service network through the Internet of Things (IoT).
Managing the real estate and facilities lifecycle is second only to people as the largest expense item in enterprises today, and the cumulative annual spend is over one trillion dollars globally. For over 20 years, the software to serve this market has been a collection of fragmented point solutions. Bringing together the ability to strategically plan, to execute those strategies, and to proactively manage daily operations across the complete lifecycle, with the capability of the IoT and mobile field service management is revolutionary for the industry.
“With the addition of Verisae, Accruent is uniquely equipped to deliver game-changing customer value,” said John Borgerding, CEO, Accruent. “We can now help customers manage their complete facilities lifecycle from strategy to execution by connecting real estate and facilities to assets and service teams through the Internet of Things. The next-generation capabilities we are providing to customers drive step-function performance gains and enable them to deliver a transformative customer experience.”
Verisae brings applications that can react and respond in real-time, and connect facilities and equipment to the teams that service and support them.
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