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Business Services Industry

Accruent Builds Momentum with New Customer Agreements; Restaurants, Apparel Retailers, and Drug Store Look to Advanced Real Estate Performance Management Solution to Drive Growth

Business Wire, Sept 11, 2006

FORT LAUDERDALE, Fla. -- Accruent, Inc., the leading provider of Real Estate Performance Management solutions, announced today that it has recently signed significant agreements with ten companies who are leaders in their respective industries. Customers including CSK Auto, Inc., CVS/pharmacy, Christopher & Banks Corporation, Family Dollar Stores, Inc., The Fresh Market, Inc., The Krystal Company, The Men's Wearhouse, Inc., Panera Bread Company, and Red Robin Gourmet Burgers, Inc. have all entered into agreements with Accruent to deploy the company's Real Estate Performance Management solution, the only software designed to meet retailers' unique requirements.

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Accruent's Real Estate Performance Management solution will be demonstrated at the NRTA Conference 2006, September 10-13, 2006, Marriott Harbor Beach in Fort Lauderdale, Florida. Of the show's 400+ participants, nearly half are Accruent customers.

"Our stores connect us to our customers. Like our products and employees, they are critical to our success," said Tom Jennings, senior vice president of real estate at The Men's Wearhouse, Inc. "But also critical to our financial performance is managing the aspects of the store lifecycle that our customers don't see. That means opening and remodeling stores on time and on budget, maximizing lease terms, and maintaining our facilities efficiently. Accruent will allow us to maintain a central, consistent database of information on each property to help us control costs, make better capital improvement decisions, and track our legal compliance efforts."

"We are seeing a surge in interest in Real Estate Performance Management across retail sectors," said Mark Friedman, CEO of Accruent. "Facing increased shareholder expectations for expansion, margin pressure from escalating real estate and construction costs, and calls for transparency in the accounting of lease-related expenses, retailers are investing to bring enterprise-quality IT support to their real estate operations."

About Accruent Real Estate Performance Management Solutions

Accruent is the leading provider of solutions that transform the way companies manage real estate and related assets. The company's solutions are designed to significantly reduce risk and costs while increasing revenues and improving productivity.

Accruent delivers collaborative, web-based solutions that effectively manage all real estate lifecycle processes, including identifying, opening and maintaining stores and facilities. The company's solutions enable customers to securely manage mission-critical information in an integrated central data repository, empowering decision makers with reliable and consistent real-time information and analytics, while simultaneously creating reliable records that support corporate accounting and compliance procedures. These solutions enable retailers and 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% of the Fortune 500 and 40 of the Top 100 Retailers. For more information, please visit www.accruent.com.

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.

Business Services Industry

Accruent Builds Momentum with New Customer Agreements; Restaurants, Apparel Retailers, and Drug Store Look to Advanced Real Estate Performance Management Solution to Drive Growth

Business Wire, Sept 11, 2006

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