Accruent, a Fortive company Strengths, Domain Expertise, and Key Differentiators
Accruent has a robust portfolio of solutions to manage the built environment at all stages, from long-term planning, to lease, maintenance, and work order management, to field service management and remote IoT monitoring of a broad range of asset types. Accruent offers products specifically designed for several key vertical markets including retail, manufacturing and industrial, education, healthcare, and public sector.
Accruent, a Fortive company Recent Developments
In June 2021, Accruenthas launched Lx Projects Mobile, a purpose-built construction project management tool that allows users to execute critical project management tasks via their mobile device, enabling them to maintain the safety of employees and effectively meet changing customer expectations as the retail industry returns post-COVID-19.
In March 2020, Accurent turned 25 years of equipment maintenance data into application for the healthcare providers. The launch included a free app to assist in prediction of parts required to keep ventilators operational, reporting packages available at no cost to its CMMS users to assist in workload optimization and maintenance planning, and Free access to coding strategies for tracking and auditing of COVID-19 activities.
In July 2020, Accurent enhanced two of its core healthcare asset management products, Connectiv and Accruent Data Insights. These recent enhancements have added additional tools to Accruent’s healthcare platform to help organizations manage the complete asset lifecycle, from pre-assessment and acquisition to support and final disposition.
In 2018, Accruent acquired three software providers: Connectiv (healthcare technology management software), EMS Software (space and event scheduling) and Maintenance Connection (maintenance and enterprise asset management).
Accruent, a Fortive company Mergers and Acquisitions (M&A) Activities
In October 2018, Accruent was acquired by Fortive Corp., an industrial products company based in Everett, Washington, for about $2 billion in cash.
Accruent, a Fortive company Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Accruent, a Fortive company 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 Accruent, a Fortive company 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 FAMIS for Facilities Management and Space Planning, Accruent LA Cloud, Verisae Cloud (vxConnect, Hara, WorkOasis), Lucernex Lease Administration & Accounting, Portfolio Center Lease Administration & Accounting customers.
Accruent, a Fortive company Overview
Ownership: - NYSE:FTV
Number of Employees: 1500
Key Verticals: Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, Higher Education, State and Local Government, Healthcare, Life Sciences, Manufacturing, Youth and Elderly Care, Oil and Gas, Chemicals, Professional Services, Retail, Transportation, Utilities,
Accruent, a Fortive company Key Enterprise and Cloud Applications
Accruent FAMIS for Facilities Management and Space Planning, Accruent LA Cloud, Verisae Cloud (vxConnect, Hara, WorkOasis), Lucernex Lease Administration & Accounting, Portfolio Center Lease Administration & Accounting
Accruent, a Fortive company Revenues, $M:
|Type/Year||2020||2021||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.
Accruent, a Fortive company Revenue Breakdown By Type, $M:
|Type||License||Prof. Services||Hardware||Support & Maintenance||SaaS||PaaS||IaaS||Other (Non Enterprise Application Revenues)||Total|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe||100%|
Accruent, a Fortive company Enterprise Applications Revenues By Functional Markets, $M:
Accruent, a Fortive company Enterprise Applications Revenues By Verticals, $M:
Accruent, a Fortive company Revenues By Region, $M
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Accruent, a Fortive company Direct vs Indirect sales
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Accruent, a Fortive company Customers - Breakdown by Geo, Size, Vertical and Product
No. of Accruent, a Fortive company Customers: 10000
No. of Accruent, a Fortive company Enterprise Applications Customers: 10000
No. of Accruent, a Fortive company Cloud Customers: x
No. of Accruent, a Fortive company Cloud Subscribers: x
Accruent serves over 10,000 global customers in more than 150 countries, and helps assure clients fulfill the mission of their organization by extending the lifecycle of assets, monitoring full compliance and reducing safety risks. Among their customers are: Mitton Group, Chuy's, Edge Hill University, MSCM, Southeastern Health, Eco Site, Maine Medical Center, Genesco, City of Orlando, SSAB, The New York Times, L'Oreal, Masters Gallery Food, and many more.
Accruent, a Fortive company Market Opportunities, M&A and Geo Expansions
Accruent will combine its FAMIS and 360Facility, and more than 600 customers, under a united product brand, FAMIS 360. The new FAMIS 360 platform will meet the changing needs of facility management and better support education, public sector, and corporate real estate markets by offering increased functionality, updated user interface as well as offer new integrations. The company will continue to deliver a more cohesive and integrated user experience, as well as specialized workflows and insights within a single platform. These updates will amplify the capabilities of FAMIS 360 that organizations rely on, including robust maintenance scheduling, space planning, and asset management. These features provide customers with enhanced technical productivity, optimized space and occupancy management, centralized billing, and improved occupant satisfaction.
In May 2020, Accruent made enhancements to its cloud-based manufacturing solutions designed to improve access to critical asset information for technicians and engineers working at manufacturing plants and other asset-intensive facilities. By leveraging the advantages of cloud-based solutions such as Maintenance Connection enterprise asset management (EAM) software and its Meridian engineering document management (EDM) software, Accruent continues to help its clients drive maintenance and facilities efficiencies that prevent costly errors, rework and unplanned asset downtime.
In November 2019, Accruent partnered with Synchronoss Technologies, a provider of cloud, messaging, digital and Internet of Things (IoT) products. will combine the Synchronoss Insights Platform with Accruent’s vx Observe IoT asset monitoring software. The collaboration will deliver valuable insights and efficiencies to enterprises across facilities and greatly expand the effectiveness of enterprise IoT solutions.
Accruent, a Fortive company Risks and Challenges
Accruent offers nearly all of its products as cloud applications, however, there are existing customers still operating via its on-premise applications. Speed of migration will reduce the resources that Accruent must expend on legacy customers.
Accruent, a Fortive company Ecosystem, Partners, Resellers and SI
In 2021, Accruent made a partnerships with: OneSource Document Management Services to provide healthcare operations professionals with the industry’s most comprehensive source of validated healthcare manufacturer documents detailing the safe use, care, and maintenance of their products, and with GEOFIT to deliver engineering document management and facility and asset management throughout France.
Accruent is looking for forward-thinking partners to empower organizations to realize a greater return on their real estate and facilities software investments. Among its growing partner network are: Mitie, Cushman & Wakefield, Hagerman and Company, Realworld Systems, Atutor, Mensch und Maschine and many more.
In May 2020, Realworld Systems, BV has joined its partner network. Realworld Systems was established in The Netherlands, and has offices in the UK, Germany, Romania, South Africa, Nigeria, Australia/New Zealand, Indonesia and the USA.
Accruent, a Fortive company Cloud Infrastructure Insights
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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).
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