by Brianna Crandall — December 21, 2011—Accruent, a leading provider of real estate and facilities solutions, has announced its acquisition of 360Facility, a leading software as a service (SaaS)-based facilities management solutions company. According to Accruent, 360Facility has an impressive customer base, highly capable and easily installed products, and a leadership position in important market segments. 360Facility provides SaaS-based facilities solutions to the global corporate and commercial property market, with 418 customers in 56 countries managing 64,000 properties.
360Facility’s SaaS-based solutions cover the full spectrum of facilities operations, including property management, maintenance and asset management, emergency preparedness, and incident management. Software as a service, or “on-demand software,” is a software delivery method that provides access to software and its associated data remotely as a Web-based service, typically through the Internet cloud.
360Facility offers customers “Web and Wireless” coverage for every FM function and team member. By engaging the entire facilities team and providing a single, up-to-date point of reference for actions and status, 360Facility enables better service and improved efficiency that result in proven customer cost savings, notes Accruent. 360Facility serves customers across a wide range of industries and geographies. The company has many customers in the corporate market and commercial property management, and the acquisition is projected to vault Accruent to a prominent position in these key segments for real estate and facilities solutions.
Customers of both companies can expect to see many immediate benefits, including an expanded range of real estate and facilities solutions from both the Accruent and 360Facility product lines; an expanded base of resources including support, engineering, and industry expertise; acceleration of product and platform delivery; and more opportunities for best practice sharing within an expanded community of Accruent customers.
Support for 360Facility and Accruent products will continue without interruption, say the companies.
