Thursday, August 16, 2007

Accruent, Business Objects Partner

Santa Monica-based Accruent and Business Objects, a provider of business intelligence software, said late last night that the two companies have expanded their partnership. Accruent will embed Business Objects' business intelligence software into its Accruent RPM software. Accruent's software is used for managing real estate properties, including managing real estate contracts, ERP, procurement, and other functions. The firm is venture backed by Granite Global Ventures, Sierra Ventures, Pequot Ventures, Innocal, Red Rock Ventures, Peninsula Equity Partners, and Constellation Ventures.