The Race is On to Deliver the Most Complete Software for Real Estate and Facilities Life-Cycle Management
On September 15, 2016, Accruent a provider of real estate, facilities and asset management solutions, acquired BIGCenter an Integrated Workplace Management Systems (IWMS) software firm from Cushman & Wakefield. The purchase will help Accruent bolster its line-up of products for corporates and real estate services firms across areas such as transaction management, lease administration and space optimization and grow its blue chip client list. This deal follows on the back of a slew of other acquisitions by Accruent such as Evoco (2012), Four Rivers Software Systems (2014), SiteFM (2014), VFA (2014) and Mainspring Healthcare Solutions (2016), which have boosted its industry specific capabilities.
This latest deal confirms the convergence of software for managing real estate, facilities, assets, maintenance and energy continues to gain pace. Since the mid-2000’s much of this consolidation was driven by IWMS firms looking for broader solutions and bigger client lists. But today, this trend appears to be accelerating as major facilities software players, such as Lucernex , IBM-Tririga and Planon, battle to deliver to the most complete software suite for real estate and facilities life-cycle management and take advantage of new data on temperature, light, pressure, sound and motion from sensors captured at a very granular level – the trend towards the Internet of Things.
Our analysis finds that the real estate and facilities software market is ripe for a further wave of M&A activity. This is because software providers are looking at ways to improve the financial performance of facilities further by tackling a much broader scope and respond to new opportunities from technology advances across analytics and IoT. Verdantix expects acquisitions activity to focus on IWMS providers, industry specific software firms and IoT start-ups.
For more insights on the evolving Real Estate And Facilities Information Management Market, see our recent report - Facilities Optimization Management Emerges As A New Vision For Optimizing Building Portfolios.