Friday, February 1, 2008

Lawson Software Announces Partnership with Accruent

Lawson Software (Nasdaq: LWSN) today announced a partnership with Accruent Inc., a provider of real estate performance management (RPM) solutions. Under the agreement, Lawson and Accruent will offer customers a solution designed to help customers take innovative approaches to solve their real estate and facilities management challenges. The partnership will initially focus on retail organizations, but the two companies will also target other industries, including healthcare, financial services, and public sector organizations.

The solution, which can work with the Lawson S3 Enterprise Financial Management Suite, will help Lawson customers manage their real estate portfolios more strategically. This capability can ultimately help them manage real estate-related revenue and costs while helping to facilitate regulatory compliance. Real estate costs are among the most significant capital investments and operating expenses for many companies, which creates a growing need for technology solutions focused on real estate performance.

More than 340 of the world's largest companies, including 20 percent of the Fortune 500 and 40 percent of the Top 100 Retailers use the Accruent real estate solution. Lawson and Accruent currently have more than 30 joint customers.

"Our customers face a number of challenges managing their overall financials, including their real estate assets," said Colleen Holm, product manager for Lawson. "By working with Accruent, we can help our customers obtain a better understanding of the effectiveness of their capital investments in real estate - ultimately helping them turn real estate into a more strategic part of their broader financial strategy."

"Businesses recognize the direct link between real estate and bottom-line performance," said Mark Friedman, chief executive officer for Accruent. "By combining Lawson's enterprise software solutions and expertise with Accruent's focused solution for optimizing the real estate lifecycle, our shared customers will have access to innovative technology solutions to help them with real estate and facilities management."

About Lawson Software

Lawson Software provides software and service solutions to 4,000 customers in manufacturing, distribution, maintenance and service sector industries across 40 countries. Lawson's solutions include Enterprise Performance Management, Supply Chain Management, Enterprise Resource Planning, Customer Relationship Management, Manufacturing Resource Planning, Enterprise Asset Management and industry-tailored applications. Lawson solutions assist customers in simplifying their businesses or organizations by helping them streamline processes, reduce costs and enhance business or operational performance. Lawson is headquartered in St. Paul, Minn., and has offices around the world. Visit Lawson online at

Source : Lawson Software

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