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. -- 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 The Gartner Magic Quadrant is a proprietary research tool developed by Gartner Inc., a US based research and advisory firm. It is designed to provide an unbiased qualitative analysis of a “markets’ direction, maturity, and participants. for Integrated Workplace Management Systems An Integrated Workplace Management System (IWMS) is an enterprise platform that supports the planning, design and management of an organization's physical asset base. IWMS systems assist organisations in optimising the use and administration of workplace resources, one of the most , 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 (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Gartner report, the market drivers for Integrated Workplace Management Systems (IWMS IWMS Integrated Workplace Management System IWMS Integrated Waste Management System IWMS Identified Wildlife Management Strategy (Canada) IWMS Integrated Waste Management Solution IWMS Irrigation Water Management Society ) include cost efficiency, globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation , and an increasing interest in an integrated approach to facilities and real estate management. Additionally, compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). , 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 See 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. 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 percent of the Fortune 500 and more than 40 percent of the Top 100 Retailers. For more information, please visit www.accruent.com. The Magic Quadrant is copyrighted December 19, 2006 by Gartner, Inc. and is reused with permission. The Magic Quadrant is a graphical representation of a marketplace at and for a specific time period. It depicts Gartner's analysis of how certain vendors measure against criteria for that marketplace, as defined by Gartner. Gartner does not endorse any vendor, product or service depicted in the Magic Quadrant, and does not advise technology users to select only those vendors placed in the "Leaders" quadrant. The Magic Quadrant is intended solely as a research tool, and is not meant to be a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability mer·chant·a·ble adj. Suitable for buying and selling; marketable. mer  chant·a·bil or fitness for a particular purpose. Editor's Note Editor's Note (foaled in 1993 in Kentucky) is an American thoroughbred Stallion racehorse. He was sired by 1992 U.S. Champion 2 YO Colt Forty Niner, who in turn was a son of Champion sire Mr. Prospector and out of the mare, Beware Of The Cat. Trained by D. : All Accruent brand and product names are trademarks or registered trademarks of Accruent, Inc., in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and other countries. All other products or company names mentioned are used for identification purposes only, and may be trademarks of their respective owners. 1 Gartner Research "Magic Quadrant for Integrated Workplace Management Systems, 2006" by Michael A. Bell, December 19, 2006 |
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