Verisae

Verisae is a software company specializing in real estate management, energy management, and asset performance optimization, enabling organizations to enhance operational efficiency through advanced monitoring solutions. Verisae, founded in 2000 in Minneapolis, US, offers software solutions for energy management and asset optimization. In September 2016, Accruent acquired Verisae from Marlin Equity Partners, enhancing its portfolio of facility management tools. The company is known for its focus on improving energy efficiency and reducing unplanned downtime across various sectors.

Verisae provides a robust suite of software solutions aimed at real estate management, energy management, and asset performance optimization. Their flagship product, Observe, is an IoT-enabled energy management system that allows organizations to monitor and optimize energy usage effectively. The software supports various sectors, including healthcare, food and beverage, retail, and utilities, catering to companies with diverse facility management needs in North America and Europe. Revenue for Verisae is generated primarily through a subscription-based model for its software solutions, including Observe.

Clients typically engage in annual or multi-year contracts, facilitating ongoing access to software updates and support. This business-to-business (B2B) revenue structure is designed to support integrated facility management and energy optimization, with pricing plans reflecting the scale of deployment and the number of assets managed. Following its acquisition by Accruent in September 2016, Verisae is expected to leverage new resources for product development and market expansion. With plans to enhance its existing offerings and introduce new products, Verisae aims to tap into emerging markets in North America and Europe by 2025, utilizing acquired funding to support these initiatives and drive growth.