Accruent Acquired By Genstar Capital

Austin-based software maker Accruent, which makes real estate, facilities, and asset management software, has been acquired by private equity investor Genstar Capital. Details of the acquisition were not announced by the companies. Accruent was venture backed by Constellation Ventures, Pequot Ventures, GGV Capital, Innocal, Marcus & Millichap, Peninsula Equity Partners, Red Rock Ventures, Sierra Ventures, and Stanford University. The company is led by Mark Friedman.