Accruent: Contract Worker - Page 2

 
 
By eweek  |  Posted 2004-07-08 Print this article Print
 
 
 
 
 
 
 


Accruent
1601 Cloverfield Blvd.,
Santa Monica, CA 90404
(310) 526-5700
www.accruent.com

Ticker: Privately held

Employees: 80

Mark Friedman
CEO

Before founding the company in 1995, he was a broker for commercial real-estate firms Cushman & Wakefield and Julien J. Studley. Holds a bachelors degree in computer science from Tulane University.

Mark Theissen
VP, Professional Services

Previously was director of consulting and education services at Brio Software, a business-intelligence software company acquired by Hyperion last year.

Products

The cmSuite applications provide a central repository for tracking contracts as well as analyzing cost trends and other metrics. The top seller is cmRealEstate, which monitors lease information and performs other functions such as scheduling monthly payments.

Reference Checks

Rite Aid

Rick Stoneking

Senior Dir., Real Estate Accounting

rstoneking@riteaid.com

Project: Drugstore chain uses Accruents software to automate lease administration for 4,500 property contracts, including those for its 3,400 retail locations.

HDOS Enterprises

Laurie Sonia

Dir., Real Estate and Marketing

lauries@hotdogonastick.com

Project: Los Angeles-based company, which operates 115 Hot Dog on a Stick food stores, spent around $100,000 to deploy an Accruent systems in 2002.

International Coffee & Tea

Paul Goldman

VP, Real Estate and Construction

pgoldman@coffeebean.com

Project: The 130-store coffee and tea retailer used the hosted service from MyContracts, which Accruent is phasing out. It plans to migrate to Accruents new Java-based server this summer.

ShopKo Stores

Terri Spiering

Property Administrator

terri.spiering@shopko.com

Project: General-merchandise retailer based in Green Bay, Wisc., tracks contract-renewal dates and calculates monthly occupancy costs with Accruent software for its 358 stores.

Panda Restaurant Group

Donna Wanser

Senior Counsel, Real Estate

(626) 372-8210

Project: Chinese fast-food company picked Accruents software in 2001 to track lease information for its 650 restaurants.

Yankee Candle

Bob Moritko

Lease Administrator

rmoritk@yankeecandle.com

Project: Candle maker and retailer based in South Deerfield, Mass., manages leases for 318 U.S. stores with Accruents software, which it plans to link to its accounts-payable and accounting systems from Lawson Software.

Executives listed here are all users of Accruents software. Their willingness to talk has been confirmed by Baseline.

Financials

Revenue: $10M (est.), 2003

Funding to date: $38M

Investors: Granite Global Ventures, Sierra Ventures, Pequot Venture Partners, Innocal Venture Capital, Red Rock Ventures, Constellation Real Technologies, Peninsula Equity Partners

Competitors

CMSI, Determine Software, DiCarta, iMany, Nextance, Tequila Software, Upside Software

Key Customers

Retail: Best Buy, Foot Locker, Guess?, Hertz, J. Crew, KB Toys, Linens N Things

Financial: Countrywide Financial, GMAC Mortgage, ING, Lehman Brothers, Morgan Stanley

Pharmaceutical: Bristol-Meyers Squibb, Pfizer, Schering-Plough, Sun Healthcare Group

Manufacturing: Anheuser-Busch, Campbell Soup, Raytheon, Siemens



 
 
 
 
 
 
 
 
 
 
 

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