Accruent Delivers Retailers the Industry's First Comprehensive
Store Life-Cycle Management Software

National Retail Federation, New York City, NY, January 17, 2005 – Accruent, Inc., the leading provider of enterprise contract management solutions, announced today the availability of Store Lifecycle Management, a complete real estate lifecycle solution that enables large-chain retailers to substantially reduce risk and enhance bottom-line performance.

The software provides seamless collaboration across all store development functions: from market planning to site selection, store build-out, facilities management and lease administration. With this release Retailers now have one integrated platform upon which to manage and monitor all of their real estate initiatives.

More than 350 companies, 42 of the top 100 specialty store retailers and 20% of the Fortune 500 employ Accruent's software. Companies such as Blockbuster, Rite Aid, Footlocker, Jamba Juice, Dollar General and Linens 'N Things use Accruent's software to fully automate lease management, conduct percentage rent calculations, CAM reconciliation, and accrual of payments. Store Lifecycle Management completes Accruent's cmRealEstate offering, which is a component of cmSuite, Accruent's flagship product which provides complete contract management solutions for the extended enterprise.

Store Lifecycle Management is designed expressly to meet the needs of Retail Store Development and includes specific tools and best practices for:

• Market planning: GIS integration, market demographics, store planning and analytics
• Site Selection: Locate and track the best sites, compare options and opportunities
• Site acquisition: Manage and track complex lease negotiations
• Construction: Manage schedules, facilitate bids, work orders, and vendors
• Possession: Move in, on-time and on-schedule
• Facility management: Preventive and reactive maintenance, asset tracking, work orders, and vendor dispatch
• Lease administration: Track complex terms of retail leases with rents based on sales, adjustments for seasonality, caps on expenses and other complicated agreements unique to retailers

"You can manage 10 or 20 or 30 restaurants with spreadsheets, but when you are going to open 100 a year, you need something more," states Rex Jones, director of real estate for Chipotle, who has been using Accruent's site-selection and project management software. "By employing the Accruent software we avoid the mistakes, missed schedules and mis-communications that can cause costly delays in store openings."

"In the last six months, we've seen an explosion in retailers wanting technology to manage the end-to-end processes of market planning, site selection, store acquisition, construction and project management–everything from dirt to balloons, as the retailers say," notes Mike Meltzer, Accruent's Vice President of Retail Solutions. "Retailers grow their revenue by opening new stores and they make commitments to Wall Street, Accruent helps retailers keep their promises."

About Accruent:
Founded in 1995, Accruent is the leading provider of contract management solutions for Global 2000 companies. Our solutions enable companies to create a single view of all the contractual commitments that exist throughout their organizations. Accruent's contract management solution provides tangible business benefits to companies, including improved visibility, lower costs, reduced risk and exposure and streamlined contract creation. That's why more than 350 leading companies - including Bristol-Meyers Squibb, Chubb, Consolidated Edison, Eaton, Mellon Financial, Pfizer, Rite Aid, Siemens and Viacom - use Accruent solutions to boost profits and generate cash.