Accruent Positioned in Leaders Quadrant in Magic Quadrant for Integrated Workplace Management Systems, 2006
Evaluation Based on Completeness of Vision and Ability to Execute
STAMFORD, Conn.--(BUSINESS WIRE)--Accruent, Inc., the leading provider of Real Estate Performance Management solutions, today announced that it has been positioned by Gartner, Inc. in the leaders quadrant in the “Magic Quadrant for Integrated Workplace Management Systems, 2006”1 report.
“We believe our position in Gartner’s leaders quadrant is the result of successful partnerships with our customers to deliver enterprise-level software to manage and integrate corporate real estate information,” said Mark Friedman, CEO of Accruent. “We serve users who are challenged to manage real estate from a financial, legal, design, project management, and services perspective. Accruent will continue to deliver impactful and easy-to-use solutions that integrate these very diverse perspectives and disciplines.”
According to the Gartner report, the market drivers for Integrated Workplace Management Systems (IWMS) include cost efficiency, globalization, and an increasing interest in an integrated approach to facilities and real estate management. Additionally, compliance requirements, especially in the context of Section 404 of the SOX act of 2002, “compel executive management to acquire IWMSs to improve financial transparency and maintain auditable data, particularly related to lease transactions.”
The collaborative, web-based Accruent Real Estate Performance Management solution effectively manages all real estate lifecycle processes, including identifying, opening, and maintaining stores, branches, corporate offices, and facilities. The company’s solutions enable customers to securely manage mission-critical information in an integrated central data repository, empowering decision makers with reliable real-time information and analytics, while providing a solid foundation for achieving SOX and other regulatory compliance. The Accruent suite allows organizations with significant real estate portfolios to manage complex lease structures, thus reducing capital and operational expenditures and providing significant ongoing savings.
Hey Steve, this is great news -- Accruent has always been a leader in this space and it's nice to see that our vision and what we have accomplished over the past 3 years is being recognized by the industry.
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