Genstar Capital acquired real estate software company Accruent. In today’s climate, corporations are relying more on technology to help manage their real estate assets.
Accruent’s software provides site management, lease, project, facilities and asset management along with capital planning. The Austin, Texas-based target has more than 5,400 customers including retailers, universities, wireless carriers and hospitals. Earlier in 2016, Accruent acquired Mainspring Healthcare Solutions, which supplies software and technology products to U.S. hospitals. In another similar deal, GI Partners bought MRI Software LLC in 2015.