Austin-based software maker Accruent has acquired another Texas software company, Plano-based Lucernex Inc.
Financial terms of the deal were not released.
Lucernex makes cloud-based workplace and real estate management software and products. It has between 51 and 100 employees and has raised about $9 million in venture funding since its founding in 2000, according to Crunchbase, the online technology database.
“Lucernex is a perfect fit for our overall company vision,” John Borgerding, Accruent’s CEO, said in a written statement. “In addition, it strengthens our ability to support organizations that must address regulatory compliance challenges concerning real estate and equipment leases.”
Founded in 1995, Accruent develops real estate and facilities management software. It has about 400 employees.
Accruent’s software is used by more than 5,800 organizations worldwide, the company says.
Accurent was acquired last year by San Francisco-based private equity firm Genstar Capital, but its headquarters remained in Austin.
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