NEW ORLEANS — Today, Gov. John Bel Edwards and Accruent CEO John Borgerding announced the company will create 350 new direct jobs in New Orleans and establish a technology center of excellence in the city’s Central Business District. Accruent specializes in software and IT products that enhance the real estate, construction, development and facilities management functions of major clients in the retail, corporate, consumer goods, higher education, food and beverage and other sectors.
The 350 new direct jobs will include an average annual salary of $65,000, plus benefits. In addition, Louisiana Economic Development estimates the project will result in 338 indirect jobs, for a total of more than 680 new jobs in Louisiana’s Southeast Region. The company will occupy approximately 20,000 square feet of office space in the New Orleans Central Business District, with a specific location to be announced at a later date. Accruent has begun hiring, with plans to reach full employment in New Orleans by 2020. Commercial operations will begin later this month.
“Our ultimate goal is not just to attract IT projects, but to create a digital media and software development sector, where our people have a diverse offering of opportunities to solve the challenges of tomorrow,” Gov. Edwards said. “Accruent’s entry into New Orleans will create such opportunities, and we are excited to welcome this world-class team to Louisiana. Accruent’s investment in our state is a testament to the strength of our business climate and the commitment of local, state and regional partners to ensuring that companies thrive here.”
Headquartered in Austin, Texas, Accruent is a leading provider of physical resource management solutions. Accruent enables organizations to manage their real estate, facilities and equipment with software and services. Company solutions range from capital planning and lease accounting to monitoring and control functions utilizing internet-of-things technology.
“Since 2012, New Orleans has led the nation in technology job growth, and Accruent is pleased to continue this trend, bringing new jobs in software development, professional services, sales, customer support and administration,” Borgerding said. “Given the vibrant corporate community, tremendous growth opportunities and Accruent’s existing base of 50 Louisiana customers, New Orleans became the clear choice for our next wave of expansion.”
Founded in 1995, Accruent helps over 10,000 organizations in more than 150 countries optimize every aspect of planning and managing their physical resources. Accruent’s New Orleans office will include teams from several corporate departments, including engineering, support, professional services, human resources, cloud operations, development operations, leadership, consulting, project management and sales.
“This administration is committed to the economic development and prosperity of New Orleans,” said New Orleans Mayor LaToya Cantrell. “We are dedicated to creating new business opportunities to enhance our city and create jobs for the people of New Orleans. With that, I couldn’t be more excited to welcome Accruent’s New Orleans software development center. This company is poised to have substantial impact in New Orleans, creating approximately 350 jobs. The partnerships we create and economic development we work toward are to enhance the lives of the people of New Orleans, and I am confident that Accruent will do this. Welcome home, Accruent, and we look forward to a successful partnership.”
LED, along with Greater New Orleans Inc. and the New Orleans Business Alliance, first met with Accruent leadership to discuss a potential project in December 2017. To secure the company’s investment in the New Orleans, the State of Louisiana offered Accruent a competitive incentive package that includes the services of LED FastStart® – the nation’s No. 1 state workforce development program. The company also is expected to utilize Louisiana’s Digital Interactive Media and Software Development Incentive and the Quality Jobs Program.
“With Accruent’s announcement of 350 new technology jobs in New Orleans, we can see that the ‘digital fly-wheel’ is beginning to spin,” said President and CEO Michael Hecht of Greater New Orleans Inc. “When we brought Accruent to a temporary office at The Shop six months ago, we thought they would love New Orleans and determine to expand here. We are thrilled that we were right. We look forward to supporting Accruent as they help Greater New Orleans pull ahead as the fastest-growing tech market in America.”
“Accruent’s decision to locate this office in New Orleans is another incredible step in the diversification of the city’s economy, and recognition of our place as a new national digital hub,” said President and CEO Quentin L. Messer Jr. of the New Orleans Business Alliance. “The joint efforts of our economic development partners to successfully grow a new inclusive economy for New Orleanians is proving our effectiveness as an important team when we can welcome global companies like Accruent to our community.”
Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources. Its innovative, industry-leading cloud-based software and services enable organizations to optimize all stages of real estate, facilities and asset management, from capital planning through to IoT-based monitoring and control. With a proven track record across two decades, Accruent has created the only integrated SaaS-based framework and reporting platform for full lifecycle physical resource management. More than 10,000 global customers depend on Accruent solutions to drive out hidden costs, extend asset lifecycles, protect their brands, ensure compliance and deliver on the missions of their organization. Headquartered in Austin, Texas, Accruent serves a wide range of industries in more than 150 countries around the world.