Accruent Founder Friedman Shifts To Chairman

Austin-based real estate management software developer Accruent said on Wednesday that Mark Friedman--its founder, and CEO for nearly 20 years--is becoming Chairman of the board. John Borgerding has been appointed to the CEO position. Borgerding joined Accruent in January as president. Accruent was acquired by private equity investor Genstar Capital back in May. Friedman founded Accruent in 1995.