Fortive/Accruent Strengths, Domain Expertise, and Key Differentiators
Fortive Corporation, headquartered in Everett, Washington, is an American industrial technology conglomerate. The company specializes in the design, development, manufacturing, and servicing of professional and engineered products, software, and services across various sectors. Fortive's operations are structured into three primary segments:
Intelligent Operating Solutions: This segment provides advanced instrumentation, software, and services, including electrical test and measurement tools, facility and asset lifecycle software applications, and connected worker safety and compliance solutions.
Precision Technologies: Focused on delivering electrical test and measurement solutions, sensing, and material technologies, this segment serves industries such as industrial, power and energy, automotive, medical equipment, food and beverage, aerospace and defense, semiconductor, and other general sectors.
Advanced Healthcare Solutions: This segment offers critical workflow solutions, including instrument sterilization, instrument tracking, design and manufacturing of cell therapy equipment, biomedical test tools, radiation detection, and safety monitoring, and comprehensive clinical productivity software and solutions. Fortive's diverse portfolio encompasses several renowned brands, including Fluke Corporation, Tektronix, Accruent, Gordian, ServiceChannel, Intelex, and Industrial Scientific Corporation. These brands are integral to Fortive's commitment to innovation and operational excellence across its various business segments.
Fortive/Accruent Recent Developments
In July 2024, Accruent introduced Accruent Space Intelligence (ASI), its latest solution for space optimization and planning. ASI is designed to help organizations navigate the evolving workplace landscape, where office space utilization has declined significantly since the pandemic. By the end of the decade, underutilized office space is expected to reach up to 1 billion square feet, with vacancy rates projected to be 55% higher than pre-pandemic levels.
In 2023, Accruent launched EMS Flex, an advanced workspace booking software designed to provide office workers with unmatched flexibility and convenience. By analyzing employee preferences, EMS Flex intelligently recommends the ideal desk or workspace, enabling seamless reservations with a single click. Additionally, Accruent introduced MC Kinetic, a next-generation offline mobile CMMS application that enhances the remote capabilities of the Maintenance Connection CMMS. MC Kinetic empowers maintenance teams to efficiently execute work orders without an internet connection, mitigating connectivity challenges, eliminating data silos, and optimizing mobile maintenance operations.
Fortive/Accruent Mergers and Acquisitions (M&A) Activities
In January 2024, Fortive acquired EA Elektro-Automatik, strengthening its presence in electronic test and measurement solutions within the Precision Technologies segment. EA Elektro-Automatik is a provider of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications. This acquisition enhances Fortive’s portfolio by integrating EA’s advanced technologies with Tektronix, a Fortive operating company. The addition of EA’s solutions will expand Tektronix’s offerings, providing engineers with complementary test and measurement capabilities that support the global energy transition.
In early 2024, Accruent acquired RedEye, an Australia-based engineering document management company specializing in cloud-native solutions. This acquisition reinforces Accruent’s commitment to delivering innovative, cloud-enabled solutions that enhance business productivity. By integrating RedEye into its engineering document management system (EDMS) portfolio—alongside Meridian—Accruent expands its offerings, providing customers with greater flexibility in storing and accessing critical documents.
Fortive/Accruent Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Fortive/Accruent applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Fortive/Accruent and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Accruent Lucernex, Accruent RedEye, Accruent Maintenance Connection CMMS, Accruent EMS, Accruent Space Intelligence, Accruent Observe, Accruent Data Insights, Accruent FAMIS 360, Accruent Siterra, Accruent Meridian Hybrid EDMS customers.
Fortive/Accruent Overview
6920 Seaway Boulevard
Everett, WA, 98203, United States
1 425-446-5000
https://www.fortive.com/
Ownership: - NYSE: FTV
Number of Employees: 18000
Functional Markets: Analytics and BI, Collaboration, Content Management, CRM, EPM, ERP Financial, ERP Services and Operations, HCM, ITSM, PLM, PPM, Procurement,
Key Verticals: Aerospace and Defense, Communication, CPG, Education, Government, Healthcare, Insurance, Manufacturing, Oil Gas Chemicals, Retail, Utility,
Fortive/Accruent Key Enterprise and Cloud Applications
Accruent Lucernex, Accruent RedEye, Accruent Maintenance Connection CMMS, Accruent EMS, Accruent Space Intelligence, Accruent Observe, Accruent Data Insights, Accruent FAMIS 360, Accruent Siterra, Accruent Meridian Hybrid EDMS
Fortive/Accruent Revenues, $M:
| Type/Year | 2023 | 2024 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Fortive/Accruent Revenue Breakdown By Type, $M:
Fortive/Accruent Enterprise Applications Revenues By Functional Markets, $M:
Fortive/Accruent Enterprise Applications Revenues By Verticals, $M:
Fortive/Accruent Revenues By Region, $M
| Region | % of Total Revenues | 2024 Total Revenues, $M | 2024 Enterprise Applications Revenues, $M | 2024 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Fortive/Accruent Direct vs Indirect sales
| Type | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Fortive/Accruent Customers - Breakdown by Geo, Size, Vertical and Product
List of Verified Fortive/Accruent Customers
No. of Fortive/Accruent Customers: 10000 (Accruent)
No. of Fortive/Accruent Enterprise Applications Customers: x
No. of Fortive/Accruent Cloud Customers: x
No. of Fortive/Accruent Cloud Subscribers: x
Fortive is a multinational corporation with a strong global presence. In 2024, approximately 46% of the company’s revenue was generated from customers outside the United States.
Accruent, a Fortive operating company, serves more than 10,000 clients across a diverse array of industries in over 150 countries worldwide. Its customer base includes prominent organizations such as Duke University, AbbVie, Alaska Airlines, BASF, L’Oréal, The New York Times, and many others.
Fortive/Accruent Market Opportunities, M&A and Geo Expansions
Fortive operates across diverse industries and geographies, presenting both opportunities and challenges. Key factors include rapid technological advancements in core markets, expansion in high-growth regions such as Eastern Europe, the Middle East, Africa, Latin America, and most of Asia (excluding Japan and Australia), global labor cost dynamics, and increasing industry consolidation. To sustain long-term growth and profitability, Fortive focuses on geographic and market expansion, strategic acquisitions, innovation in products and software, sales force effectiveness, cost reduction, operational efficiency, talent development, and compliance with evolving regulations. Significant investments are being made in technology and customer-facing capabilities to meet global customer needs effectively.
Fortive/Accruent Risks and Challenges
In October 2020, Vontier Corporation successfully completed its separation from Fortive Corporation and commenced operations as an independent, publicly traded company. As part of the separation agreement, Vontier may be subject to potential indemnification obligations. These obligations could have a material adverse impact on its business operations, financial condition, results of operations, and cash flows.
Fortive/Accruent Ecosystem, Partners, Resellers and SI
In February 2024, Accruent announced an expanded collaboration with Microsoft, designating Microsoft Azure as the primary hosting platform for its SaaS solutions. This partnership reflects a shared commitment to advancing technology and innovation. By deepening its integration with Azure, Accruent reinforces its mission to enhance business productivity through modern solutions, including AI and machine learning technologies such as Azure OpenAI Service. This strategic alignment streamlines Accruent’s suite of solutions under a single provider, ensuring consistency, simplifying operations, and delivering secure, scalable, and reliable cloud environments.
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:
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