06 February 2008
Accruent, a provider of real estate performance management solutions, has completed an all-cash acquisition of facilities management IT support pioneer FAMIS Software.
The deal will enable the companies to offer solutions spanning the property and facilities management lifecycle from market planning to administration and operational management, Accruent claims.
"The market is searching for a partner that can deliver not just software but a proven capability to deliver an effective end-to-end solution," said Mark Friedman, Accruent's CEO. "This has been our vision and today we have the scale and resources to execute."