Smart Buildings

Competition Heats Up in the Facilities & Real Estate Management Software Sector

This article was written by Daphne Tomlinson of Tomlinson Business Research The acquisition of Verisae announced on 22nd September, is the third deal by Accruent this year, and further evidence of the wave of M&A activity by the major players in the facilities management sector to consolidate their positions in the market. Verisae offers a cloud-based integrated facilities management software platform across a variety of verticals focusing on building maintenance and asset management functionalities. The company’s revenue is estimated to be in the mid-$40 million range. “We can now help customers manage their complete facilities lifecycle from strategy to execution by connecting real estate and facilities to assets and service teams through the Internet of Things" said John Borgerding, CEO, Accruent. Accruent, with an estimated revenue in the range of $100 - 120 million and around 600 employees, claims to be the world’s largest provider of real estate, facilities, and asset management software, although it […]

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