Accruent Takes Aim At Becoming An IWMS Powerhouse Following Lucernex Acquisition

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Executive Summary

In August 2017, Accruent – an 800-employee provider of real estate, facilities and asset management software solutions backed by Genstar Capital – announced that it acquired Lucernex, an integrated workplace management system (IWMS) software vendor with over 70 customers. Lucernex provides Accruent with strengthened lease accounting software functionality, retail-specific real estate software functionality, and new and complementary client relationships in the retail sector. Following 14 software acquisitions, Accruent is now focusing on the integration of its many solutions through a unified data platform and single reporting layer. As it runs a product integration programme, it has the potential to provide a software platform that is not only broad but also offers significant depth. As Accruent develops its next generation platform, it will need to educate potential customers on how it will maintain industry specializations within an integrated platform and bring consistency to the user experience.

Table of contents

Accruent Takes Aim At Becoming An IWMS Powerhouse Following Lucernex Acquisition
Accruent Continues Roll-Up Of Specialist Software Solutions With Its Purchase Of Lucernex
Accruent Launches Product Integration Strategy Towards Single Facilities Management Platform
Accruent Needs To Develop A Detailed Action Plan As It Implements A Strategic Roadmap

Table of figures

Figure 1. Accruent Has Made 14 Acquisitions Since 2004

About the author

Susan Clarke

Research Director

Susan leads the Verdantix Smart Buildings practice. Her current research agenda focuses on software solutions for real estate management including integrated workplace management systems and IoT platforms for buildings. Her research expertise also includes a broad range of energy management technologies and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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