Accruent to Expand CMMS Leadership with Acquisition of Maintenance Connection
Jun. 06, 2018
AUSTIN, Texas--(BUSINESS WIRE)--Jun 6, 2018--Accruent, the world’s leading provider of physical resource management solutions, today announced a definitive agreement to acquire Maintenance Connection, a leading Computerized Maintenance Management System (CMMS) provider. This agreement accelerates Accruent’s efforts to help customers gain insight and make data-driven decisions for multi-site facility management. Customers will be able to view their physical resource assessments, view data from IoT sensors, trigger maintenance orders and have a full view of their engineering documentation – all from Accruent.
Maintenance Connection’s software helps maintenance teams manage work orders, organize and execute preventative maintenance, predict asset maintenance, and manage enterprise assets and equipment inventory. It is built to handle the needs of complex enterprises with capabilities that include multi-site deployment, IoT sensors and M2M (Machine-to-Machine) data exchange to generate insights into asset management. It supports large organizations through proven integrations with 25 top ERP systems including Aptean, Infor XA, Microsoft Dynamics, Oracle, SAP and Sage. Maintenance Connection is used by 350,000 maintenance managers worldwide through both cloud-based and on-premises platforms.
“More than fifty-six percent of organizations are still performing reactive, instead of preventative maintenance, and lack the data that they need to drive decisions,” said John Borgerding, CEO, Accruent. “The mission of our customers is often to reduce costs and increase productivity while anticipating and supporting a facility’s goals. That’s why we are expanding our multi-site CMMS offerings to help deliver those efficiencies.”
To enable insights across multiple aspects of physical resource management, Maintenance Connection will integrate with Accruent solutions, including:Visibility to physical resource assessments with Kykloud to build long-term capital plans coupled with maintenance data, View of engineering information management to increase knowledge for repairs with Meridian, and Integration of IoT sensor data and alarms with Verisae into M2M exchanges.
“The combination of Accruent and Maintenance Connection will provide tremendous additional value to maintenance managers,” said Eric Morgan, CEO of Maintenance Connection. “The average customer can save over $3 million with our solution by extending asset life, reducing downtime, improving labor efficiency and lowering inventory expenses. We see tremendous opportunities to integrate our CMMS with Accruent’s capital planning, IoT and engineering information management solutions and creating new services to support our customers.”
The acquired solution set and its planned enhancements will continue serving existing Maintenance Connection customers and will be offered as a complement to Accruent’s existing physical resource management solutions.
Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources. Its innovative, industry-leading cloud-based software and services enable organizations to optimize all stages of real estate, facilities and asset management, from capital planning through to IoT-based monitoring and control. With a proven track record across two decades, Accruent has created the only integrated SaaS-based framework and reporting platform for full lifecycle physical resource management. More than 10,000 global customers depend on Accruent solutions to drive out hidden costs, extend asset lifecycles, protect their brands, ensure compliance and deliver on the missions of their organization. Headquartered in Austin, Texas, Accruent serves a wide range of industries in 150 countries around the world.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005033/en/
Wayne Henninger, 1-570-573-6556
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