Pitney Bowes MapInfo Enters Strategic Alliance with Accruent
LAS VEGAS, May 22, 2007 - Pitney Bowes MapInfo, the leading global provider of location intelligence, today announced a strategic alliance with Accruent, Inc., the leading provider of real estate performance management (RPM) solutions, that delivers retail and financial services organizations a comprehensive solution for identifying the most profitable locations and accelerating new store openings.
“Retailers and financial service companies are under tremendous pressure to quickly secure optimal real estate site locations and stay ahead of their competitors,” says Mark Friedman, chief executive officer, Accruent, Inc. “By combining the site selection expertise of Pitney Bowes MapInfo with Accruent’s RPM solutions, organizations can accurately forecast sales potential and pinpoint the best areas for growth, as well as speed up the approval, construction and opening of new stores, saving considerable time and controlling costs.”
Accruent’s RPM solutions manage the business processes surrounding key real estate decisions and streamline the entire real estate lifecycle, including finding, developing and managing store locations. Integrating these capabilities with Pitney Bowes MapInfo location intelligence enables businesses to proactively identify more high-performance locations and evaluate site alternatives before their competition. Predictive analytics tools develop sales projections that are compared to site and development costs. Companies can then generate real-world ROI estimates and devise tactical execution plans so that new store locations can be up and running sooner.
“While location intelligence is critical for any successful retail or financial services company, integrating business and operations data into the site selection process is incredibly valuable,” said Robert Buckner, vice president of global predictive analytics services, Pitney Bowes MapInfo. “By coordinating their use of Accruent’s real estate performance management solutions with Pitney Bowes MapInfo(R) location intelligence technology, organizations have the tools to create healthy real estate portfolios, whether they are launching a high growth expansion or remodeling existing locations.”
About Accruent, Inc.
Founded in 1995, Accruent leads the industry with a new generation of solutions designed to fully leverage real estate assets and decisions as an enterprise competitive advantage. Accruent Real Estate Performance Management (RPM) solutions maximize the impact that real estate properties – stores, restaurants, local branches, and corporate offices – have on company performance by driving revenue growth, reducing costs and achieving financial compliance. 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 Accruent's solutions. In addition, Accruent couples the broadest and deepest real estate data set and advanced business intelligence to bridge the gap between daily operations and strategy. For more information, please visit www.accruent.com.
About Pitney Bowes MapInfo
Pitney Bowes MapInfo, part of Pitney Bowes Inc. (NYSE:PBI), is the leading global provider of location intelligence solutions, integrating software, data and services to provide greater value from location-based information and drive more insightful decisions for businesses and government organizations around the world. The company’s solutions are available in multiple languages through a network of strategic partners and distribution channels in 60 countries. Visit www.mapinfo.com and www.pb.com for more information.
This press release contains forward-looking statements involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of Pitney Bowes MapInfo products and integration of its products with existing solutions. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including those factors contained in the Company’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission under the heading “Risk Factors.” Pitney Bowes MapInfo takes no responsibility to update any forward-looking statements.