Accurent, a Fortive company Strengths, Domain Expertise, and Key Differentiators
Accruent is a global organization with offices in more than 20 countries around the globe. More than 10,000 customers in more than 150 countries are using Accruent applications for facility management, lease accounting and real-estate industry solutions.
Accruent has a robust portfolio of best-in-class 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.
Accurent, a Fortive company Recent Developments
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).
Accurent, 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.
Accurent, 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 Accurent, 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 Accurent, 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.
Accurent, a Fortive company Overview
Ownership: - NYSE:FTV
Number of Employees: 1500
Functional Markets: ERP Services and Operations Management,
Key Verticals: Communication, Construction, Real Estate, Consumer Packaged Goods, Distribution, K12, Higher Education, Federal Government, State and Local Government, Public Safety, Healthcare, Manufacturing, Oil and Gas, Professional Services, Retail, Transportation, Utilities,
Accurent, 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
Accurent, a Fortive company Revenues, $M:
|Type/Year||2018||2019||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.
Accurent, a Fortive company Revenue Breakdown By Type, $M:
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Accurent, a Fortive company Enterprise Applications Revenues By Functional Markets, $M:
Accurent, a Fortive company Enterprise Applications Revenues By Verticals, $M:
Accurent, a Fortive company Revenues By Region, $M
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Accurent, a Fortive company Direct vs Indirect sales
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Accurent, a Fortive company Customers - Breakdown by Geo, Size, Vertical and Product
No. of Accurent, a Fortive company Customers: 10000
No. of Accurent, a Fortive company Enterprise Applications Customers: 10000
No. of Accurent, a Fortive company Cloud Customers: x
No. of Accurent, a Fortive company Cloud Subscribers: x
Accruent serves over 10,000 global customers, and helps assure clients fulfill the mission of their organization by extending the lifecycle of assets, monitoring full compliance and reducing safety risks.
Accurent, a Fortive company Market Opportunities, M&A and Geo Expansions
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 has developed an integration platform that facilitates sharing of data across both Accruent and third party applications as well as support services such as third party analytics packages. This integration allows companies to keep master data - and a single source of truth - across their entire built environment, unlocking ROI previously unrealized.
Accurent, 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.
Accurent, a Fortive company Ecosystem, Partners, Resellers and SI
Accruent's EMS room and resource scheduling software offer native integration with leading video conferencing technologies Microsoft Teams and Zoom.
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 has 112 partners in 30 countries across five continents.
Accurent, 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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