Accruent Acquired By Genstar Capital

socalTECH

Accruent was venture backed by Constellation Ventures, FirstMark Capital, GGV Capital, Innocal, Marcus & Millichap, Peninsula Equity Partners, Red Rock Ventures, Sierra Ventures, and Stanford University. Accruent , the developer of real estate, facilities, and asset management software which was founded by Mark Friendman, has been acquired by private equity investor Genstar Capital. Financial terms of the acquisition were not disclosed.