Austin-based software company Accruent is ramping up its European expansion by acquiring a Dutch software maker.
Financial terms of the deal were not disclosed.
Accruent, which develops real estate, facilities and equipment management software, has grown through acquisitions. It has purchased 15 companies since its founding in 1995.
BlueCielo, based in Amsterdam, sells engineering content and asset information management solutions. The company targets chemical, mining, metals, oil and gas, pharmaceutical, utilities, as well as other equipment-intensive industries.
BlueCielo has more than 300,000 users in more than 50 countries.
Accruent chief technology officer Dave McCann said BlueCielo’s management and global presence will allow Accruent to grow its international reach.
“We’re picking up a strong management team that can help to serve as a platform for our European expansion,” McCann said. “They also have a very strong partner network that we’re excited about working with and expanding more Accruent offerings into their product.”
Currently, 80 percent of Accruent’s business is in the United States and 20 percent is international, according to the company.
Accruent in August acquired Lucernex, a Plano-based workplace and real estate management software company for an undisclosed price.
With the BlueCielo acquisition, Accruent has about 1,000 employees worldwide, including 350 at its headquarters in the Domain.
Accruent's software is used by more than 6,000 customers worldwide, the company says.
The company is continuing to expand in Austin, with 87 positions open in areas including sales, development and operations.
Accruent was based in Santa Monica, Calif., when it opened an operations center in Austin in 2010. Austin later became its headquarters.
Last year, Accruent was acquired by San Francisco-based private equity firm Genstar Capital.
News on Open Source is free and unlimited. Access to the rest of 512tech.com comes with an American-Statesman digital subscription, which also includes myStatesman.com and the ePaper edition. Subscribe at statesman.com/subscribe.