Accruent acquires Expesite

Austin, Texas -- Accruent, a leading provider of real estate and facilities software, announced that it has acquired Expesite, Columbus, Ohio, a provides a suite of SaaS solutions highlighted by VisionPM, its design and construction project management product.

"The addition of Expesite is a unique opportunity for Accruent," said Mark Friedman, CEO of Accruent. "Expesite brings an outstanding group of customers and industry partners, and the Expesite team has developed compelling solutions to streamline the complexities of the critical design construction and rollout processes for their global clients. This is a major step in our drive to deliver all our solutions in the SaaS environment."

The integration of Expesite operations into Accruent is expected to be completed during first quarter 2013, with key Expesite leaders assuming positions in the combined company. Support for Expesite and Accruent products continues without interruption.