Accruent Acquired Verisae

Target Description:

Accruent, a portfolio company of Genstar Capital, provides market planning, site selection, project management, lease administration, facilities and space management software that is purpose-built for specific industries. Accruent’s services are used in more than 5,800 organizations worldwide, including 40 of the top 100 retailers, 25 percent of the Fortune 500, 40 percent of leading universities, all 4 of the top US wireless carriers, and 55 percent of US hospitals. The company was founded in 1995 and is headquartered in Austin, TX. Genstar acquired Accruent from TA Associates in May 2016.