Accruent Secures Patent for Contract Abstraction Process

SANTA MONICA, CA, Oct 05 (MARKET WIRE) --
Accruent, Inc., the leading provider of Enterprise Location Management
(ELM) solutions, announced today that it has received a patent for its
turnkey contract abstraction process. In recent years, Accruent has
abstracted over 100,000 lease agreements for its customers, perfecting
the process of interpreting and organizing vital contract data that is
often stored in filing cabinets or managed in spreadsheets and legacy
databases.

Reviewing and abstracting up to 1,000 data points per lease, Accruent's
ISO 9000-certified process delivers 99.95% customer-verified accuracy
quickly and with a focus on driving value. Accruent's process leverages
its real estate expertise and strict quality controls, enabling customers
to realize the full benefits of their ELM investment.

"Companies utilizing ELM solutions are saving millions of dollars annually
by eliminating inaccuracies and enforcing compliance," said Mark Friedman,
Accruent's founder and chief executive officer. "Accruent's proprietary
process, which converts complex contract and lease variables into
actionable data, helps drive these savings by providing the information
required to make quick, accurate and confident decisions."

Pointing to customer successes, Mr. Friedman continued, "As part of the
abstraction process, a Fortune 500 company found a clause five days before
a lease renewal date that allowed them to close an underperforming
location and save $3 million in rent annually. Another customer was able
to collect $1 million in previously unidentified tax incentives."

About Accruent:

Founded in 1995, Accruent is leading the industry with a new generation of
enterprise solutions designed to fully leverage real estate and facilities
as a competitive advantage. Accruent Enterprise Location Management
solutions optimize the impact that locations have on organizational
performance by rightsizing real estate and facilities portfolios,
eliminating unnecessary spending, and supporting compliance and
sustainability initiatives. Accruent's solutions are used by over 400
leading organizations including 20 percent of the Fortune 500, more than
40 percent of the Top 100 Retailers, leading universities, and public
sector entities. Another Accruent customer goes live every 10 days. For
more information, please visit www.accruent.com.

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.

For more information, please contact:
Kathy Fischer
Accruent Marketing Communications
Email Contact
416-643-1388

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