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Accruent Named One of Los Angeles' Fastest-Growing Technology Companies by Deloitte's Technology Fast 50.


Attributes Innovative Solutions, Focus, and Commitment to Delivering Customer Value to Sixth Consecutive Win and #10 Ranking

SANTA MONICA, Calif. -- Accruent, Inc., the leading provider of Real Estate Performance Management solutions, today announced that it has been ranked #10 by Deloitte's Technology Fast 50 for the Los Angeles area. This prestigious program selects the 50 fastest-growing technology, media, telecommunications, and life sciences companies in a geographic area and is spearheaded by Deloitte & Touche USA LLP, one of the nation's leading professional services organizations. Company rankings are based on percentage revenue growth from 2001 through 2005. Accruent has achieved a 295% increase in revenues during this period.

Accruent's CEO Mark Friedman credits the company's sixth consecutive ranking and fast growth to its innovative spirit, discipline, and drive. "The ability to attain this kind of sustained revenue increase requires teamwork and a product that offers significant business value. Accruent is dedicated to providing comprehensive Real Estate Performance Management solutions that enable enterprises to manage their entire real estate lifecycle -- from initial site evaluation to daily operations."

"To be selected to Deloitte's Technology Fast 50, companies must have phenomenal revenue growth over a five year period," said Anthony J. Buzzelli, Vice Chairman, National Managing Partner, US Regions, Deloitte & Touche LLP. "Accruent is one of the true fast-growth success stories in Los Angeles, and we applaud its dedication to transforming vision into reality."

The Technology Fast 50

Technology Fast 50 companies must have had operating revenues of at least $50,000 in 2001 and $5,000,000 in 2005, be headquartered in North America, own proprietary technology or intellectual property that contributes to a significant portion of their operating revenues, or devote a significant proportion of revenues to technology research and development. Using other companies' technology or intellectual property in a unique way does not qualify a company for consideration.

This year's Los Angeles Technology Fast 50 program is co-presented by Deloitte & Touche USA LLP and Porsche Motorsport, Continental Airlines, Comerica, Marsh, Stradling Yocca Carlson & Rauth, Cresa Partners, and Merrill Corporation, in association with the Technology Council of Southern California.

Winners of the 16 regional Technology Fast 50 programs in the United States and Canada are automatically entered in Deloitte's Technology Fast 500 program, which ranks North America's top 500 fastest-growing technology, media, telecommunications, and life sciences companies. For more information about Deloitte's Technology Fast 50 or Technology Fast 500 programs, visit www.fast500.com.

About Accruent, Inc.

Founded in 1995, Accruent is leading the industry with a new generation of enterprise-class solutions designed to fully leverage Real Estate assets and decisions as a corporate advantage. The Accruent Real Estate Performance Management solutions optimize the impact that real estate locations -- stores, restaurants, bank branches, and corporate offices -- have on company performance by driving revenue growth, reducing costs and achieving financial compliance. Accruent's solutions are used by over 340 of the world's largest companies including 20% of the Fortune 500 and 40% of the Top 100 Retailers. For more information, please visit www.accruent.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu, a Swiss Verein, its member firms and their respective subsidiaries and affiliates. As a Swiss Verein (association), neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the names "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. Services are provided by the member firms or their subsidiaries or affiliates and not by the Deloitte Touche Tohmatsu Verein.

Deloitte & Touche USA LLP is the US member firm of Deloitte Touche Tohmatsu. In the US, services are provided by the subsidiaries of Deloitte & Touche USA LLP (Deloitte & Touche LLP, Deloitte Consulting LLP, Deloitte Financial Advisory Services LLP, Deloitte Tax LLP and their subsidiaries), and not by Deloitte & Touche USA LLP.

Editor's Note: All Accruent brand and product names are trademarks or registered trademarks of Accruent, Inc., in the United States and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 6, 2006
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