Like FSI (FM Solutions) Limited

closed 8/18/2021 via PR Newswire

MRI Software LLC, acquired FSI (FM Solutions) Limited

synopsis: MRI Software, a global leader in real estate software, announced it has acquired FSI, a UK-based provider of enterprise-class facilities management (FM) software solutions. The addition of FSI's cloud-based platform bolsters MRI's overall solution portfolio and enhances the company's ability to better serve owners, occupiers and contractors.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: FSI (FM Solutions) Limited
FSI is a UK-based provider of enterprise-class facilities management (FM) software solutions. The product portfolio includes the Concept Evolution completely web-based Computer Aided Facilities Management (CAFM) solution and FSI GO for Mobile Application development.
price ($mm)
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closed 10/19/2022 via PR Newswire

Sign In Solutions Inc., acquired Pronestor ApS

synopsis: Sign In Solutions has acquired Denmark-based Pronestor, a provider of workspace management software. As part of Sign In Solutions, Pronestor's advanced workspace capabilities will allow for effortless desk and meeting room booking with data-driven insights to help organizations optimize their workplace.
buyer parent: Providence Equity Partners Inc.
buyer: Sign In Solutions Inc.
Sign In Solutions is an innovative workplace enablement partner that goes beyond traditional visitor management, combining the comprehensive software and real-time analytics modern organizations need to mitigate risk, elevate experiences, and empower people. "
target: Pronestor ApS
Denmark-based Pronestor pushes the boundaries for workplace technology, offering customers the latest, most intelligent solutions including desk booking, meeting scheduling, meeting room management, and analytical facility management insights.
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closed 12/15/2021 via BusinessWire

Dude Solutions, Inc., acquired Facility Health, Inc.

synopsis: Dude Solutions, a SaaS provider of cloud-based operations management solutions, backed by Clearlake Capital Group, L.P., has acquired Facility Health, Inc. (FHI), a solutions provider transforming physical environments through strategic capital and asset planning.
buyer parent: Clearlake Capital Group, L.P.
buyer: Dude Solutions, Inc.
Dude Solutions is a software-as-a-service (SaaS) provider of operations management solutions to education, government, healthcare, senior living, manufacturing and membership-based organizations. The company's software is used to manage maintenance, assets, energy, safety, IT, and more. "
target: Facility Health, Inc.
Facility Health is a leading solutions provider transforming how physical environments are managed from a capital and asset planning perspective. Its Origin solutions provide real-time predictive CapEx and OpEx investment models using asset health data that is continuously monitored and updated.
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closed 6/16/2021 via Company Press Release

Yardi Systems, Inc., acquired Forge

synopsis: Yardi, the leading provider of high-performance software solutions for the real estate industry, has acquired Forge, a UK-based software company that specialises in visitor management and smart access control. Forge's visitor management software features solutions for invitations, visitor check-in, contactless smart access, and more.
buyer: Yardi Systems, Inc.
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Yardi is dedicated to the design, development, and support of real estate investment management and property management software. "
target: Forge
Forge is a UK-based software company that specialises in visitor management and smart access control. Forge's visitor management solution provides a contactless journey to and through buildings. Their software features solutions for invitations, visitor check-in, contactless smart access, and more.
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closed 1/28/2021 via Company Press Release

MRI Software LLC, acquired AMTdirect

synopsis: MRI Software, a global leader in real estate technology, has acquired AMTdirect, a North Carolina-based provider of lease accounting, lease administration and facilities management solutions for corporate occupiers and lessees.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: AMTdirect
AMTdirect is a leading lease administration and lease accounting software company. AMTdirect's cloud-based solutions help America's leading organizations build a timely, highly accurate and actionable picture of the organization's complete lease portfolio.
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closed 11/6/2019 via BNC Analysis

iOffice, Inc., acquired Hippo CMMS

synopsis: iOFFICE, the leader in digital workplace experience solutions, announced it has acquired Hippo CMMS, asset and preventative maintenance management software provider. Hippo serves more than 1,200 customers with over 32,000 active users across multiple industries, including Rolls-Royce, the Los Angeles Clippers and Planet Fitness.
buyer parent: Waud Capital Partners, LLC
buyer: iOffice, Inc.
iOFFICE provides enterprise workplace leaders with the SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity. "
target: Hippo CMMS
Founded in 2004 in Winnipeg, Canada, Hippo CMMS has since become a leader in the asset management industry and provides maintenance management software solutions that appeal to any size business.
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closed 11/29/2018 via Company Press Release

Waud Capital Partners, LLC, acquired iOffice, Inc.

synopsis: Waud Capital Partners is pleased to announce that they have acquired iOFFICE. iOFFICE provides best-in-class cloud workplace & real estate management software to both corporations and commercial real estate.
buyer: Waud Capital Partners, LLC
Founded in 1993, Waud Capital Partners is a leading middle-market private equity firm that partners with exceptional management teams to create, acquire, and/or grow companies that address significant, inefficient, highly fragmented and underserved industry segments. "
target: iOffice, Inc.
iOffice is a real-time software application that helps facility managers run their buildings smarter. iOffice software equips facility managers to be more productive, provide better information and be more profitable.
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closed 8/31/2018 via PR Web

JDM Technology Group, acquired MicroMain Corporation

synopsis: JDM Technology Group, a global group of leading software providers for the architecture, engineering and construction industries, announced that it has acquired Austin, Texas based MicroMain Corporation, a leading provider of Computerized Maintenance Management Software (CMMS).
buyer: JDM Technology Group
JDM Technology Group is a global software business focused on delivering business software systems for the architecture, engineering and construction industries with over 100,000 users served in 40 countries on 7 continents, employing over 500 staff. "
target: MicroMain Corporation
MicroMain is a maintenance and facility management software company that helps businesses operate their maintenance and facility management operations more efficiently to save money, time and headaches. Their core values ensure that customers receive the best service and product they can offer.
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closed 8/29/2018 via BNC Analysis

Nemetschek, acquired MCS Solutions

synopsis: Software provider Nemetschek SE acquired 100% of the shares of MCS Solutions group, headquartered in Antwerp, Belgium. MCS Solutions offers an integrated and modular Integrated Workplace Management System (IWMS) that covers core functional areas in real estate, facility and workplace management for large private and public organizations.
buyer: Nemetschek (XTRA:NEM:$737.04)
The Nemetschek Group is driving the digitalization of the building industry. Using their software, architects, engineers, construction companies and facility managers can plan ahead, seamlessly share information and work together more closely. "
target: MCS Solutions
Headquartered in Antwerp, Belgium, MCS Solutions offers an integrated and modular Integrated Workplace Management System (IWMS) that covers core functional areas in real estate, facility and workplace management for large private and public organizations.
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announced 7/31/2018 via BusinessWire

Fortive, will acquire Accruent, LLC

synopsis: Fortive Corporation, a diversified industrial growth company, announced that it has entered into a definitive agreement with Genstar Capital to acquire Accruent, a privately-held, leading provider of physical resource management software.
buyer: Fortive (FTV:$5,203.30)
Fortive is a diversified industrial growth company comprised of Professional Instrumentation and Industrial Technologies businesses that are recognized leaders in attractive markets. "
target parent: Genstar Capital LLC
target: Accruent, LLC
Accruent is a global software company that helps organizations achieve superior performance by transforming how they manage their physical resources. Its cloud-based software and services enable organizations to optimize all stages of real estate, facilities and asset management.
price ($mm)
$2,000
rev ($mm)
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closed 1/3/2018 via BusinessWire

Accruent, LLC, acquired Kykloud

synopsis: Accruent, the world’s leading provider of software and services that enable organizations to manage the lifecycle of their physical resources, has acquired UK-based Kykloud, a provider of facility and asset surveying and management software.
buyer parent: Genstar Capital LLC
buyer: Accruent, LLC
Accruent is a software company that helps organizations achieve superior performance by transforming how they manage their physical resources. Its cloud-based software and services enable organizations to optimize all stages of real estate, facilities and asset management. "
target: Kykloud
Kykloud provides a SaaS delivered cloud-based solution for physical asset surveying and capital planning throughout the asset lifecycle. Kykloud has customers in both the public sector and private sector markets with customers utilizing the software for projects across a wide range of sectors.
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closed 5/19/2017 via PR Newswire

JouleSmart Solutions, acquired NorthWrite, Inc.

synopsis: Joule Assets, a company that delivers financing solutions for energy efficiency and demand response initiatives and projects, has acquired NorthWrite, a cloud-based energy information management services company. The transaction was the first act of business completed by JouleSmart Solutions, a newly formed, fully-funded subsidiary of Joule Assets.
buyer parent: Joule Assets Inc.
buyer: JouleSmart Solutions
JouleSmart Solutions integrates innovative technical, operational, and financial solutions to help small and mid-sized businesses access the benefits of "smart" building management. They deliver the benefits of active energy management that are traditionally reserved for only the largest buildings. "
target: NorthWrite, Inc.
NorthWrite, Inc. is a privately-owned corporation, headquartered in downtown Minneapolis, Minnesota. Web based facilities management software package designed for simplicity and quick implementation.
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closed 11/9/2016 via Market Wire

Rainmaker Partners, Inc, acquired FacilityONE Technologies, LLC

synopsis: Rainmaker Partners, Inc, a private equity firm based in Tampa, FL, has acquired FacilityONE Technologies, LLC, a facility asset management software company based in Louisville, KY. FacilityONE Technologies will leverage the resources available as one of Rainmaker's portfolio companies to expand its reach in the healthcare sector.
buyer: Rainmaker Partners, Inc
Founded in 2015, Rainmaker Partners, Inc is a privat equity firm that focuses on healthcare, technology and revenue acceleration with a track record of helping companies achieve significantly higher valuations within compressed time frames. "
target: FacilityONE Technologies, LLC
Founded in 2000 and based in Louisville, KY, FacilityONE Technologies provides web-based Facility Information Solutions (FIS) that simplify facility management by enhancing a building's functional and economic lifespan and employee productivity.
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closed 9/22/2016 via BusinessWire

Accruent, LLC, acquired Verisae

synopsis: Accruent, the world’s largest provider of real estate, facilities and asset management solutions, announced the acquisition of Verisae, Inc., a leading provider of cloud-based solutions that connect facilities and assets to the maintenance and service network through the Internet of Things (IoT).
buyer parent: Genstar Capital LLC
buyer: Accruent, LLC
Accruent helps real estate, asset and facilities leaders deliver long-term, world-class operational and financial performance through industry-specific suites that deliver greater customer value. Accruent’s solutions are at work in more than 5,500 leading organizations worldwide. "
target parent: Marlin Equity Partners
target: Verisae
Verisae is a leading provider of SaaS solutions that connect the maintenance and service network globally to manage asset and equipment maintenance, energy usage, mobile workforces, environmental sustainability, and compliance for companies in the utilities, telecommunications, retail, manufacturing
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closed 9/15/2016 via BusinessWire

Accruent, LLC, acquired BIGCenter

synopsis: Accruent, the world’s largest provider of real estate, facilities and asset management solutions, announced the acquisition of BIGCenter, a top-ranked provider of Integrated Workplace Management Systems (IWMS), from Cushman & Wakefield.
buyer parent: Genstar Capital LLC
buyer: Accruent, LLC
Accruent helps real estate, asset and facilities leaders deliver long-term, world-class operational and financial performance through industry-specific suites that deliver greater customer value. Accruent’s solutions are at work in more than 5,500 leading organizations worldwide. "
target parent: Cushman & Wakefield of Illinois, Inc.
target: BIGCenter
Founded in 1998, BIGCenter provides fully-integrated, cloud-based IWMS solutions, and a broad portfolio of complementary professional services, to help leading corporations maximize the operation of their real estate and facilities.
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closed 6/29/2016 via PE Hub

Main Capital Partners BV, acquired Axxerion

synopsis: Main Capital, a private equity investor, has acquired a majority stake in SaaS-based software company Axxerion. The company delivers industry leading software solutions mainly focussed on facility management, real estate management, and general business automation (ERP).
buyer: Main Capital Partners BV
Main Capital is a private equity investor with an exclusive focus on the software sector in the Benelux and Germany. Within this sector, it is the most specialized company in management buyouts and later-stage growth capital. "
target: Axxerion
Axxerion is a developer of enterprise cloud software for workplace and facility automation via Internet. Their software provides integrated modules streamlining business processes, including CRM, contract management, HR, asset management, property management, project management, finance and more.
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closed 12/21/2015 via Market Wire

JLL, acquired Corrigo Incorporated

synopsis: Consistent with its disciplined approach to strategic acquisitions and investments in innovative technology solutions, JLL has completed its acquisition of Corrigo Incorporated, a pioneer in cloud-based facility management solutions that improve productivity, increase transparency and provide advanced business analytics.
buyer: JLL (JLL:$20,131.30)
JLL is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. "
target: Corrigo Incorporated
Corrigo provides the real-time, cloud-based facilities and service management solutions used across the multi site facilities and service provider world. Its customers range from Fortune 50 companies to SMBs in multiple industries.
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closed 11/17/2014 via Market Wire

Accruent, LLC, acquired VFA, Inc.

synopsis: Accruent, the leader in real estate and facilities management solutions, announced that it has acquired Boston-based VFA, Inc. (VFA), the leading provider of end-to-end solutions for facilities capital planning and asset management.
buyer parent: TA Associates
buyer: Accruent, LLC
Accruent was founded in 1995 to help real estate and facilities professionals deliver long-term, best-in-class, operational and financial performance. Their customers are leaders in major industries, including retail, wireless, higher education, service providers and the corporate world. "
target parent: Edison Partners
target: VFA, Inc.
VFA is the market leader in providing end-to-end solutions for facilities capital planning and management. VFA enables clients to assess their portfolios, allocate capital, and make better decisions in supporting their organizations' mission and strategy.
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closed 10/30/2013 via Company Press Release

Open Office, acquired Asset Master

synopsis: Open Office Pty Ltd, a leading provider of high-function, integrated, statutory and compliance management systems, has acquired AssetMaster, a provider of user-defined software systems that integrate across different data formats and platforms, from InfoMaster Pty Ltd.
buyer: Open Office
Open Office is Australia's leading provider of high-function, integrated, statutory and compliance management systems with over 400 clients across Australia and around the World. "
target parent: OMERS Private Equity
target: Asset Master
Asset Master is a web application for asset acquisition, registration, tracking and maintenance planning modelled on facilities management operations and extending to encompass broad industry asset management.
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closed 1/10/2013 via Company Press Release

Marlin Equity Partners, acquired Verisae

synopsis: Verisae, Inc., a leading global provider of maintenance, energy, environmental and sustainability management SaaS, cloud-based solutions has been acquired by Marlin Equity Partners. Verisae enables retailers to significantly reduce overall operating costs through active, efficient management of energy, asset lifecycles and environmental compliance.
buyer: Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, CA-based private equity firm with over $1 billion of capital under management. The firm is focused on providing corporate parents, shareholders and other stakeholders with tailored solutions that meet their business and liquidity needs. "
target: Verisae
Verisae is the leading global provider of SaaS, cloud-based solutions that help large retailers focused in grocery, food service and specialty retail manage their maintenance, energy, environmental and sustainability programs.
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closed 8/18/2021 via PR Newswire

MRI Software LLC, acquired FSI (FM Solutions) Limited

synopsis: MRI Software, a global leader in real estate software, announced it has acquired FSI, a UK-based provider of enterprise-class facilities management (FM) software solutions. The addition of FSI's cloud-based platform bolsters MRI's overall solution portfolio and enhances the company's ability to better serve owners, occupiers and contractors.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: FSI (FM Solutions) Limited
FSI is a UK-based provider of enterprise-class facilities management (FM) software solutions. The product portfolio includes the Concept Evolution completely web-based Computer Aided Facilities Management (CAFM) solution and FSI GO for Mobile Application development.
price ($mm)
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announced 11/1/2022 via BNC Analysis

MRI Software LLC, will acquire PropTech Group

synopsis: MRI Software, a leading provider of innovative real estate software, will acquire PropTech Group, an Australian company that owns, operates and invests in leading PropTech SaaS businesses. PropTech Group aims to provide market leading technology to help real estate businesses streamline, optimise and automate the selling and renting of real estate.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: PropTech Group (ASX:PTG:$12.71)
PropTech Group is an Australian company that owns, operates and invests in leading PropTech SaaS businesses. PropTech Group aims to provide market leading technology to help real estate businesses streamline, optimise and automate the selling and renting of real estate.
price ($mm)
$60
rev ($mm)
$13
EBITDA ($mm)
EV / rev
4.7x
EV / EBITDA
closed 10/5/2022 via PR Newswire

MRI Software LLC, acquired Springboard (Retail Intelligence)

synopsis: MRI Software, a global leader in real estate software solutions, announced the acquisition of UK-based Springboard, a leading provider of footfall counting and artificial intelligence (AI)-powered analytics to retailers, landlords, and government bodies.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Springboard (Retail Intelligence)
Springboard is the leading provider of insights on bricks and mortar retail activity, tracking and forecasting pedestrian traffic and delivering performance metrics across retail destinations since 2002. Springboard has the most comprehensive pedestrian traffic data using automated technology.
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closed 8/4/2022 via PR Newswire

MRI Software LLC, acquired Apartment Data Services

synopsis: MRI Software, a global leader in real estate software, has acquired ApartmentData.com, a Houston-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Apartment Data Services
Founded in 1986, Apartment Data provides comprehensive and accurate information on professionally managed properties with more than 50 units, including pricing, concessions, occupancy, amenities, and policies at the floor plan level.
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closed 1/20/2022 via PR Newswire

MRI Software LLC, acquired Angus Systems

synopsis: MRI Software, a global leader in real estate software, has acquired Angus Systems, a Toronto-based provider of enterprise-class building operations management software for commercial real estate owners and operators.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Angus Systems
Angus Systems is a Toronto-based provider of enterprise-class building operations management software for commercial real estate owners and operators.
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closed 1/19/2022 via Company Press Release

MRI Software LLC, acquired LeaseEagle

synopsis: MRI Software, a global leader in real estate software, has acquired LeaseEagle, an Australian provider of lease management software. LeaseEagle provides a cloud solution for tenants in corporate, retail, healthcare and other sectors. Their platform allows leaseholders to have full visibility over all their retail, corporate and franchise sites.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: LeaseEagle
LeaseEagle is an Australian provider of lease management software. LeaseEagle provides a cloud-based solution for tenants in corporate, retail, healthcare and other sectors. Their platform allows leaseholders to have full visibility over all their retail, corporate and franchise sites.
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closed 11/2/2021 via Company Press Release

MRI Software LLC, acquired eSight Energy

synopsis: MRI Software, a global leader in real estate software, has acquired eSight Energy Limited, a UK-based software development company that empowers property owners, operators and occupiers worldwide to better manage their energy consumption and environmental footprint.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target parent: BID Equity Advisory GmbH
target: eSight Energy
eSight Energy Limited is a UK-based software development company that empowers property owners, operators and occupiers worldwide to better manage their energy consumption and environmental footprint.
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closed 9/15/2021 via BNC Analysis

MRI Software LLC, acquired Box+Dice

synopsis: MRI Software, a global leader in real estate software, announces its acquisition of industry-leading customer relationship management (CRM) solution provider, Box+Dice™. Melbourne-based Box+Dice adds a critical piece to MRI's comprehensive PropTech portfolio, enabling real estate businesses to unify customer lifecycle visibility.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Box+Dice
Box+Dice™ is a Melbourne-based industry-leading customer relationship management (CRM) solution provider. For more than 15 years, Box+Dice has provided innovative CRM solutions to some of Australia's biggest and most well-respected real estate companies.
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closed 8/18/2021 via PR Newswire

MRI Software LLC, acquired FSI (FM Solutions) Limited

synopsis: MRI Software, a global leader in real estate software, announced it has acquired FSI, a UK-based provider of enterprise-class facilities management (FM) software solutions. The addition of FSI's cloud-based platform bolsters MRI's overall solution portfolio and enhances the company's ability to better serve owners, occupiers and contractors.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: FSI (FM Solutions) Limited
FSI is a UK-based provider of enterprise-class facilities management (FM) software solutions. The product portfolio includes the Concept Evolution completely web-based Computer Aided Facilities Management (CAFM) solution and FSI GO for Mobile Application development.
price ($mm)
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closed 7/7/2021 via PR Newswire

MRI Software LLC, acquired Findspace

synopsis: MRI Software, a global leader in real estate technology, has acquired Findspace™, an intuitive marketing and leasing platform for commercial real estate. Based in Toronto and founded in 2009, Findspace provides real-time, integrated space listings for websites while supporting marketing efforts with visually appealing branded content.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Findspace
Based in Toronto, Findspace™ is an intuitive marketing and leasing platform for commercial real estate. The solution provides real-time, integrated space listings for websites while supporting marketing efforts with visually appealing branded content and collateral.
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closed 3/31/2021 via Company Press Release

MRI Software LLC, acquired Palace

synopsis: MRI Software, a global leader in real estate software, has acquired Palace, New Zealand’s market-leading provider of residential property management solutions. Using slick design and innovative functions, Palace allows users to focus on growing their property management department.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Palace
Palace is the platform for everything property management. Using slick design and innovative functions, Palace allows users to focus on growing their property management department. Manage financials, keep track of property keys and work freely with their mobile apps.
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closed 3/10/2021 via PR Newswire

MRI Software LLC, acquired WhosOnLocation

synopsis: MRI Software, a global leader in real estate software, announced that it has acquired New Zealand-based WhosOnLocation, which provides an integrated solution that empowers organizations to address workplace safety and security needs.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: WhosOnLocation
WhosOnLocation offers a powerful, cloud-based solution that unites visitor, contractor, employee, and emergency management, enabling organizations to secure their facilities and ensure the safety of every person on-site.
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announced 2/18/2021 via Company Press Release

MRI Software LLC, will purchase Manhattan real estate and workplace solutions business from Trimble

synopsis: MRI Software will acquire Trimble's Manhattan real estate and workplace solutions business. The Manhattan Integrated Workplace Management System solutions help real estate occupiers simplify managing their portfolio by providing an integrated, flexible platform that improves real estate performance, space utilization, and employee experience.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
seller: Trimble (TRMB:$3,659.10)
The Manhattan Integrated Workplace Management System solutions help real estate occupiers simplify managing their portfolio by providing an integrated platform that improves real estate performance, space utilization and employee experience, while reducing costs and ensuring financial compliance.
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closed 1/28/2021 via Company Press Release

MRI Software LLC, acquired AMTdirect

synopsis: MRI Software, a global leader in real estate technology, has acquired AMTdirect, a North Carolina-based provider of lease accounting, lease administration and facilities management solutions for corporate occupiers and lessees.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: AMTdirect
AMTdirect is a leading lease administration and lease accounting software company. AMTdirect's cloud-based solutions help America's leading organizations build a timely, highly accurate and actionable picture of the organization's complete lease portfolio.
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closed 10/14/2020 via PR Newswire

MRI Software LLC, acquired CheckpointID, LLC

synopsis: MRI Software has acquired CheckpointID, LLC, a provider of ID verification and fraud prevention technology solutions to the multifamily industry. The CheckpointID solution extends MRI's capabilities for the multifamily market, adding deeper functionality to applications for lead management and resident screening.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: CheckpointID, LLC
CheckpointID is the leading ID Verification and fraud prevention service in the multifamily industry. The CheckpointID solution validates government-issued domestic and international IDs in real time to protect against rental fraud and increase safety in both guided and self-guided apartment tours.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/23/2020 via BusinessWire

MRI Software LLC, acquired RentPayment

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Priority Technology Holdings, Inc.'s RentPayment business, which is comprised of the RentPayment.com, StorageRentPayment.com, and DuesPayment.com real estate payment brands. RentPayment is the leading electronic payments processor for the apartment rental industry.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target parent: Priority Technology Holdings Inc.
target: RentPayment
RentPayment is the leading electronic payments processor for the apartment rental industry, processing over $3 Billion in rent payments annually. RentPayment lets property managers collect rent on time while reducing rent collection costs, and allows renters to pay online or by mobile phone.
price ($mm)
$180
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/7/2020 via PR Newswire

MRI Software LLC, acquired MacMunnis, Inc.

synopsis: MRI Software has acquired MacMunnis, Inc., an established provider of lease administration solutions to enterprise businesses managing complex lease portfolios. MacMunnis' services and software expand the MRI @Work suite, broadening and deepening MRI's ability to serve the end-to-end requirements of commercial real estate occupiers.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: MacMunnis, Inc.
MacMunnis is a provider of lease administration solutions to enterprise businesses managing complex lease portfolios. The company offers comprehensive cloud-based software for lease administration, as well as related managed services for payment processing, financial audits, and lease abstraction.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/5/2020 via PR Newswire

MRI Software LLC, acquired Housing Partners Ltd

synopsis: MRI Software, a global leader in real estate software solutions, announces the acquisition of Housing Partners, a specialist technology provider for the social housing sector in the UK and Ireland. The strategic acquisition strengthens MRI's suite of residential property management technology options.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Housing Partners Ltd
Housing Partners is a specialist technology provider for the social housing sector in the UK and Ireland. Their Housing Jigsaw suite provides solutions for compliance with Homelessness Reduction Act, case management and accommodation enquiries.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/8/2020 via BusinessWire

MRI Software LLC, acquired Castleton Technology plc

synopsis: MRI Software, a global leader in real estate software solutions, has completed its acquisition of Castleton Technology Plc, a leading provider of specialist software and services to the social housing sector.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Castleton Technology plc (AIM:CTP:$30.81)
Castleton Technology Plc is a focused provider of Software, IT Solutions and Services to the Social Housing, Commercial and wider Public Sectors. Their housing solution systems software will enable agile working, reduce cost, streamline processes and improve customer service.
price ($mm)[EV]
$97 [$103]
rev ($mm)
$31
EBITDA ($mm)
$6
EV / rev
3.3x
EV / EBITDA
16.0x
closed 3/31/2020 via Company Press Release

MRI Software LLC, acquired Orchard Information Systems Limited

synopsis: MRI Software has acquired Orchard Information Systems, a specialist provider of software solutions for the UK social housing sector. The acquisition adds to MRI’s offering for the UK residential market, as well as provides innovation and scale to extend the reach of Orchard’s solutions to better serve the growing social housing sector.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Orchard Information Systems Limited
Orchard Information Systems is a leading provider of social housing property management software solutions and services to UK housing organisations and councils. Orchard delivers People First Solutions for housing management, asset management, finance, analytics, and data services.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/8/2020 via PR Newswire

MRI Software LLC, acquired Lindsey Software Systems

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Lindsey Software, a leading provider of property management software and services for public and affordable housing organizations in the United States. Lindsey's comprehensive suite of software and services will further extend MRI's existing public housing capabilities.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Lindsey Software Systems
Lindsey Software is an innovative market leader of property management software and services for public and affordable housing organizations. Lindsey's suite of cloud-based solution allows property managers to manage tenant payments, maintenance workflows, applications, and communications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/23/2022 via BNC Analysis

Visma Advantage, acquired P8 Software

synopsis: Visma, a leading provider of mission-critical business software, has acquired P8 Software, a provider of real estate and land management solutions in the Netherlands. P8 Software provides cloud solutions for governments and the real estate industry. They offer software for plot management, relationship management, contracts, billing, and more.
buyer parent: Kohlberg Kravis Roberts
buyer: Visma Advantage
Norway-based Visma is a leading provider of mission-critical business software. The group comprises five business areas which are Visma Software, Visma BPO Accounting & Payroll, Visma Procurement & Collecting, Visma Retail and Visma System Development & Integration. "
target: P8 Software
P8 Software is a provider of real estate and land management solutions in the Netherlands. P8 Software provides cloud solutions for governments and the real estate industry. They offer software for plot management, relationship management, procurement, sales, contracts, automatic billing, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/3/2022 via BNC Analysis

Septeo Group, acquired DP Logiciels

synopsis: Septeo, a leading provider of LegalTech solutions in France, has acquired DP Logiciels, a leading provider of real estate software solutions in France. DP Logiciels helps real estate agents and property managers to automatize their daily tasks. They offer solutions for property management, CRM, rent management, website creation, and more.
buyer: Septeo Group
Septeo is a leading provider of LegalTech solutions in France. Septeo brings together companies specializing in publishing software solutions and IT services for legal professionals and real estate property managers. They provide support to businesses in France, Belgium, Canada and the US. "
target: DP Logiciels
DP Logiciels is a leading provider of real estate software solutions in France. DP Logiciels helps real estate agents and property managers to automatize their daily tasks. They offer solutions for property management, CRM, rent management, website creation, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 3/16/2022 via Company Press Release

Reapit, will acquire Console Australia Pty. Ltd.

synopsis: Reapit, backed by private equity firm Accel-KKR, have signed a definitive agreement to acquire Console Group Pty Limited. Since 1992, Console has been a leading provider of Property Management and Trust Accounting software in Australia and New Zealand, with over 2,800 real estate agencies relying on their software.
buyer parent: Accel-KKR
buyer: Reapit
Based in the UK, Reapit is an Estate Agency Business Platform that helps residential estate agencies grow and succeed. Reapit provides market-leading software solutions to over 7,000 offices and supports the management of more than 225,000 tenancies worldwide. "
target: Console Australia Pty. Ltd.
Since 1992, Console has been a leading provider of Property Management and Trust Accounting software in Australia and New Zealand, with over 2,800 real estate agencies relying on their software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 11/4/2020 via PR Newswire

SitusAMC, Inc., acquired rSquared CRE, LLC

synopsis: SitusAMC Holdings Corp., a provider of innovative technologies and expert-led services to the real estate finance industry, has acquired rSquared CRE, LLC, a leading commercial real estate technology provider. rSquared's flagship product, rDCF, supports the ongoing valuation, underwriting and asset management of commercial real estate assets.
buyer parent: Stone Point Capital, LLC
buyer: SitusAMC, Inc.
SitusAMC is the leading independent provider of advisory, strategic outsourcing, talent and technology solutions to the commercial and residential real estate finance industry. They help clients realize opportunities in their real estate businesses through industry-leading services. "
target: rSquared CRE, LLC
rSquared is a leading commercial real estate technology provider. rSquared's flagship product, rDCF, combines cloud-technology with an intuitive but powerful user interface to support the ongoing valuation, underwriting and asset management of commercial and multifamily real estate assets and loans.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/1/2019 via Company Press Release

MRI Software LLC, acquired Rockend Pty Ltd

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Rockend, a provider of residential property and strata management solutions for the Australian and New Zealand (ANZ) PropTech sector. Rockend offers a cloud-based software solution that is designed to make every part of the property management process simpler and faster.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Rockend Pty Ltd
Rockend is a leading provider of property and strata management software for Australian and New Zealand agencies. Rockend offers a cloud-based software solution that is designed to make every part of the property management process simpler and faster.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/1/2015 via PR Newswire

Realtor.com, acquired Reesio

synopsis: Move, Inc., a subsidiary of News Corp and operator of realtor.com, a leading online destination for real estate services, announced it has acquired Reesio, a document and transaction management platform that allows real estate professionals to simplify the process for home buyers and sellers by bringing the entire transaction online.
buyer parent: News Corporation
buyer: Realtor.com
The realtor.com website and mobile experiences connect people to the most important and accurate information they need to find their perfect home and to the realtors whose expertise guides consumers through buying and selling. "
target: Reesio
Reesio is the only complete one-stop-shop solution for the technology needs of modern real estate professionals. They provide full Transaction Management, CRM, Listing Syndication, and Offers Management all in one place.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/24/2015 via PR Newswire

GI Partners, acquired MRI Software LLC

synopsis: GI Partners ("GI"), a leading middle market private equity firm, announced that it has completed the previously announced acquisition of MRI Software LLC ("MRI"), a global provider of real estate property and investment management software solutions.
buyer: GI Partners
Founded in 2001, GI Partners is a leading private investment firm that currently manages over $11 billion in capital commitments through middle market private equity and select real estate strategies for recognized institutional investors across the globe. "
target parent: Vista Equity Partners
target: MRI Software LLC
MRI Software offers property management software solutions to the global property management and investment industries. MRI serves the global multifamily and commercial property industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/15/2010 via BusinessWire

Vista Equity Partners, acquired Intuit Real Estate Solutions, Inc.

synopsis: Intuit Inc. has completed the sale of Intuit Real Estate Solutions to Vista Equity Partners, a private equity firm focused on investments in software and technology-enabled businesses. IRES is a leading provider of software and services to companies in the real estate management and investment industry.
buyer: Vista Equity Partners
Vista Equity Partners is a private equity firm with $1 billion in capital focused on investing in dynamic, successful software and technology-enabled businesses. Vista seeks to partner with world-class management teams who have a long-term perspective and are committed leadership in their markets. "
target parent: Intuit, Inc.
target: Intuit Real Estate Solutions, Inc.
Intuit Real Estate Solutions offers business management solutions to the global property management industry as well as to corporate real estate managers.
price ($mm)
$128
rev ($mm)
$74
EBITDA ($mm)
EV / rev
1.7x
EV / EBITDA
closed 6/5/2006 via PR Newswire

First American Residential Group, acquired Sonic Eagle, Inc.

synopsis: First American Residential Group, a member of The First American Corporation family of companies, today announced that it has acquired privately held Sonic Eagle, Inc., a California-based provider of enterprise broker and real estate agent productivity technology.
buyer parent: The First American Corporation
buyer: First American Residential Group
First American Residential Group is a subsidiary business line established by The First American Corporation in 2002 to address the real estate brokerage, MLS and relocation market segments with the full array of First American capabilities. "
target: Sonic Eagle, Inc.
Sonic Eagle, Inc. was founded in May 2002 by one of the real estate industry’s most visionary development teams. Through the “appropriate” application of technology, our solutions differentiate our Broker customers in the eyes of Agents and our Agent customers in the eyes of the consumer.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 10/12/2022 via PR Web

JDM Technology Group, acquired AerieHub

synopsis: JDM Technology Group, a leading global software business of best-in-class software providers, has acquired AerieHub, a developer of award winning facility management software that provides secure, fast access to critical information to improve maintenance efficiency and strengthen building safety.
buyer: JDM Technology Group
JDM Technology Group is a global software business focused on delivering business software systems for the architecture, engineering, construction, and operations industries with over 150,000 users served in 40 countries on 7 continents, employing over 550 staff. "
target: AerieHub
AerieHub is a patented and award-winning software. The customizable software helps facility managers achieve excellence and efficiency in their day-to-day operations by providing secure, easy access to drawings, documents, compliance, space information, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/28/2022 via GlobeNewswire

Chime Technologies, acquired Rentancy

synopsis: Chime Technologies, an award-winning real estate technology innovator, announced it has acquired Rentancy, a provider of innovative property management software and services.
buyer parent: Renren Inc.
buyer: Chime Technologies
Chime is an award-winning real estate technology innovator headquartered in Phoenix, Arizona. Their AI-powered platform empowers real estate professionals, teams, and brokerages with the tools they need to automate lead generation operations, drive conversions, and grow their business. "
target: Rentancy
Rentancy provides software and service solutions to solve the back office needs of lettings agents, estate agents and professional landlords. They specialize in rent processing (collection, reconciliation, client money and deposit management), bookkeeping and property management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/28/2022 via PR Newswire

Guesty, acquired HiRUM

synopsis: Guesty, the leading property management platform for the short-term rental and hospitality industry, has acquired HiRUM, a provider of property management software solutions in Australia. HiRUM helps hotels and accommodation managers to streamline their operational processes. They offer solutions for property management, trust accounting, and more.
buyer: Guesty
Guesty is the world's leading property management platform for the short-term, vacation rental and hospitality industry. Customers utilize Guesty's platform and solutions to centralize their reservations, guest communication, and more across all the major booking online travel agencies. "
target: HiRUM
HiRUM is a leading provider of property management software solutions in Australia. HiRUM helps hotels and accommodation managers to streamline their operational processes and maximize their revenue. They offer solutions for property management, trust accounting, channel management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 9/14/2022 via PR Newswire

Guesty, acquired YieldPlanet SA

synopsis: Guesty, the leading property management platform for the short-term rental and hospitality industry, has acquired Poland-based Yieldplanet, a hotel focused revenue and distribution platform. The acquisition expands Guesty's offerings and capabilities for traditional hotels, with YieldPlanet's technology integrated within the Guesty platform.
buyer: Guesty
Guesty is the world's leading property management platform for the short-term, vacation rental and hospitality industry. Customers utilize Guesty's platform and solutions to centralize their reservations, guest communication, and more across all the major booking online travel agencies. "
target: YieldPlanet SA
Based in Poland, YieldPlanet is a SaaS provider delivering travel technology solutions for revenue and distribution management. The company's solutions synchronize with property management software to provide a single point of control for channels.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/17/2022 via Company Press Release

Volaris Group Inc., acquired Technology Blueprint Ltd.

synopsis: Ontario-based Volaris Group has acquired the Technology Blueprint (TBL), creators of PropCo, the UK’s leading lettings, property management and client accounts software platform. Joining Volaris gives TBL the opportunity to retain the company’s unique culture, while getting the support to maximise its potential for the long-term.
buyer parent: Constellation Software, Inc.
buyer: Volaris Group Inc.
Headquartered in Canada, Volaris acquires, strengthens and grows vertical market technology companies. As an Operating Group of Constellation Software Inc., Volaris is all about strengthening businesses within the markets they compete and enabling them to grow. "
target: Technology Blueprint Ltd.
Based in the UK, Technology Blueprint (TBL) are the market-leaders in PropTech and the expertise behind PropCo, a scalable online property management package offering industry-leading web-based software.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 6/20/2022 via BNC Analysis

Aareon AG, will acquire Momentum Software

synopsis: Aareon AG, a provider of ERP software and digital solutions for the European property industry, will acquire a 93% stake in Momentum Software, a provider of web-based property management software in Sweden. Momentum allows property managers to digitilize all aspects of property management, including leasing, maintenance, energy management and more.
buyer parent: Aareal Bank AG
buyer: Aareon AG
Germany-based Aareon is a provider of ERP software and digital solutions for the European property industry. Aareon provides its customers with ground-breaking and secure solutions in the fields of consulting, software, and services to optimise IT-based business processes and expand business models."
target: Momentum Software
Momentum Software is a leading provider of web-based property management software in Sweden. Momentum allows managers of both commercial and residential property to digitilize all aspects of property management, including leasing, maintenance, energy management and more.
price ($mm)[EV]
$167 [$158]
rev ($mm)
$10
EBITDA ($mm)
$2
EV / rev
15.9x
EV / EBITDA
81.1x
announced 5/30/2022 via Company Press Release

EG A/S, will acquire Orn Software

synopsis: EG A/S, a leading Danish software company, will acquire Ørn Software Holding AS, a Norwegian software company that provides a digital platform that simplifies day-to-day operations for demanding businesses.
buyer parent: Francisco Partners Management LLC
buyer: EG A/S
EG is a market leading vendor of Nordic Vertical Software for private and public customers. EG’s Software-as-a-Service offerings are developed by specialists with deep industry and domain knowledge, supporting business-critical and administrative processes. "
target: Orn Software (OB:ORN:$20.76)
Based in Norway, Ørn Software provides a digital platform that simplifies day-to-day operations for demanding businesses. The Software as a Service-solutions ensure efficient operations and maintenance throughout a wide variety of industries.
price ($mm)
rev ($mm)
$24
EBITDA ($mm)
$3
EV / rev
0.0x
EV / EBITDA
0.0x
closed 4/28/2022 via GlobeNewswire

HOAM Ventures, acquired TownSq

synopsis: HOAM Ventures, an independently operated investment firm specializing in PropTech and real estate technology, has acquired Brazil-based TownSq, the community management industry’s leading technology provider of global community living solutions.
buyer parent: Associa
buyer: HOAM Ventures
HOAM Ventures is an investment firm specializing in PropTech and real estate technology. The company backs, acquires, mentors, and partners with revolutionary companies, thought leaders, and innovative products. "
target: TownSq
Headquartered in Brazil, TownSq is a single digital platform that offers the most complete and comprehensive suite of community management solutions. It delivers easy, proven, and collaborative tools and services designed to enhance property values and revolutionize the community living experience.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/27/2022 via BNC Analysis

Nihon Jyoho Create, acquired RealNetPro

synopsis: Nihon Jyoho Create, a real estate IT partner in Japan, has acquired an 80% stake in RealNetPro (RNP), a provider of cloud-based real estate software in Japan. RNP aims to improve the efficiency of the real estate industry by digitizing their operations. Their software allows management companies to easily manage all of their commercial properties.
buyer: Nihon Jyoho Create (TSE:4054:$21.98)
Nihon Jyoho Create is a leading real estate IT partner in Japan. Nihon Jyoho Create provides products and services to help real estate companies improve their business. They offer software solutions for homepage creation, property management, customer service, rental management, and more. "
target: RealNetPro
RealNetPro (RNP) is a leading provider of cloud-based real estate software in Japan. RNP aims to improve the efficiency of the real estate industry by digitizing their operations. Their software allows management companies to easily manage all of their commercial properties.
price ($mm)
$11*
rev ($mm)
$3
EBITDA ($mm)
EV / rev
5.1x
EV / EBITDA
closed 4/6/2022 via Company Press Release

Planon Inc., acquired SPM Assets Limited

synopsis: Planon and SPM Assets announced that Planon has acquired a majority share in SPM Assets, headquartered in Auckland, New Zealand. SPM Assets is the industry-leading provider of specialized asset management services and software in Australia and New Zealand for owners and managers of building portfolios.
buyer: Planon Inc.
Planon is the leading global provider of innovative real estate and facility management software. Planon helps building owners and occupiers, commercial service providers, and financial controllers to streamline business processes for buildings, assets, workplaces and people. "
target: SPM Assets Limited
SPM Assets, headquartered in Auckland, New Zealand is the industry-leading provider of specialized asset management services and software for owners and managers of building portfolios. Their easy-to-use cloud-based asset management software is designed to leverage up-to-date trusted data.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/20/2022 via PR Newswire

MRI Software LLC, acquired Angus Systems

synopsis: MRI Software, a global leader in real estate software, has acquired Angus Systems, a Toronto-based provider of enterprise-class building operations management software for commercial real estate owners and operators.
buyer parent: GI Partners
buyer: MRI Software LLC
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management to analytics. "
target: Angus Systems
Angus Systems is a Toronto-based provider of enterprise-class building operations management software for commercial real estate owners and operators.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA

Like FSI (FM Solutions) Limited


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EBIT ($mm)
$6.53
Net Income ($mm)
$7.44
Employees
505
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Ticker: XTRA:PSAN
 
 
 
 
 
 
 
 
PSI AG
PSI AG
PSI AG develops and integrates complete solutions, on the basis of its own software products, for the management of energy networks, cross-company production management (metals, automotive, mechanical and plant engineering, and infrastructure management for telecommunications, transport and safety.
year
2020
rev ($mm)
$263.17
EBITDA ($mm)
$24.14
EBIT ($mm)
$17.79
Net Income ($mm)
$16.02
Employees
1995
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Ticker: BLKLF
 
 
 
 
 
 
 
 
Blackline Safety
Blackline Safety
Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT. With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance.
year
2020
rev ($mm)
$38.38
EBITDA ($mm)
($3.79)
EBIT ($mm)
($7.95)
Net Income ($mm)
Employees
481
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Ticker: OTCPK:FSSN
 
 
 
 
 
 
 
 
FISION
FISION
FISION is a cloud-based digital asset management, marketing automation, and sales enablement company. FISION’s advanced, proprietary technology specializes in managing a customer’s brand and marketing content enabling marketing and sales people to create compelling on-brand communications.
year
2020
rev ($mm)
$0.45
EBITDA ($mm)
($2.98)
EBIT ($mm)
($2.99)
Net Income ($mm)
Employees
0
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Ticker: ASX:LVT
 
 
 
 
 
 
 
 
LiveTiles
LiveTiles offers intelligent workplace software for the commercial, government and education markets, and is an award-winning Microsoft Partner. Their software empowers companies to create modern intranet experiences tailored to their unique needs and enhanced by AI.
year
2019
rev ($mm)
$12.41
EBITDA ($mm)
($22.25)
EBIT ($mm)
($23.18)
Net Income ($mm)
Employees
180
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Ticker: AIM:REDS
 
 
 
 
 
 
 
 
SmartSpace Software Plc.
SmartSpace Software Plc.
SmartSpace Software is a UK-based provider of Software as a Service-based workplace software solutions. SmartSpace focuses on offering solutions to Small and Mid-size Enterprises and mid-market customers.
year
2019
rev ($mm)
$8.26
EBITDA ($mm)
($3.44)
EBIT ($mm)
($4.45)
Net Income ($mm)
Employees
130
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Ticker: UPLD
 
 
 
 
 
 
 
 
Upland Software
Upland Software
Upland Software is a leading provider of cloud-based Enterprise Work Management software. Their applications enables users to manage their projects, professional workforce and IT investments, automate document-intensive business processes and engage with their customers, prospects and community.
year
2021
rev ($mm)
$302.02
EBITDA ($mm)
$39.48
EBIT ($mm)
($13.44)
Net Income ($mm)
Employees
810
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Ticker: NYSE:NOW
 
 
 
 
 
 
 
 
ServiceNow
ServiceNow
ServiceNow is changing the way people work. With a service-orientation toward the activities, tasks and processes that make up day-to-day work life, ServiceNow helps the modern enterprise operate faster and be more scalable than ever before.
year
2022
rev ($mm)
$5,896.00
EBITDA ($mm)
$749.00
EBIT ($mm)
$277.00
Net Income ($mm)
Employees
0
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Ticker: AIM:GBO
 
 
 
 
 
 
 
 
Globo Plc
The Globo Group has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks.
year
2013
rev ($mm)
$97.49
EBITDA ($mm)
$43.39
EBIT ($mm)
$35.60
Net Income ($mm)
$34.53
Employees
165
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Ticker: BSE:539289
 
 
 
 
 
 
 
 
Aurum PropTech
Aurum PropTech
Aurum PropTech is a new-age software company in India. Aurum PropTech helps real estate companies to become more efficient and enhance customer experiences. They offer SaaS solutions for ERP, customer experience management, property management, and more.
year
2022
rev ($mm)
$2.04
EBITDA ($mm)
($2.03)
EBIT ($mm)
($2.39)
Net Income ($mm)
Employees
35
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Ticker: APPF
 
 
 
 
 
 
 
 
AppFolio
AppFolio creates comprehensive, easy-to-use, cloud-based business software solutions for vertical markets. AppFolio's products include cloud-based property management software (AppFolio Property Manager) and cloud-based legal practice management software (MyCase).
year
2020
rev ($mm)
$288.83
EBITDA ($mm)
$22.06
EBIT ($mm)
$13.39
Net Income ($mm)
$30.65
Employees
1370
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Ticker: TSE:4054
 
 
 
 
 
 
 
 
Nihon Jyoho Create
Nihon Jyoho Create
Nihon Jyoho Create is a leading real estate IT partner in Japan. Nihon Jyoho Create provides products and services to help real estate companies improve their business. They offer software solutions for homepage creation, property management, customer service, rental management, and more.
year
2021
rev ($mm)
$21.98
EBITDA ($mm)
$5.21
EBIT ($mm)
$4.79
Net Income ($mm)
$3.42
Employees
242
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Ticker: OB:ORN
 
 
 
 
 
 
 
 
Orn Software
Orn Software
Based in Norway, Ørn Software provides a digital platform that simplifies day-to-day operations for demanding businesses. The Software as a Service-solutions ensure efficient operations and maintenance throughout a wide variety of industries.
year
2021
rev ($mm)
$20.76
EBITDA ($mm)
$1.14
EBIT ($mm)
($1.88)
Net Income ($mm)
Employees
129
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Ticker: OTCPK:RSAS.F
 
 
 
 
 
 
 
 
RESAAS
RESAAS is a cloud-based social business platform for the real estate services industry. RESAAS' powerful Reblasts engine allows professionals to share their listings, their thoughts, and their invaluable knowledge to the RESAAS network, as well as other social networks.
year
2017
rev ($mm)
$0.36
EBITDA ($mm)
($5.51)
EBIT ($mm)
($4.87)
Net Income ($mm)
Employees
35
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Ticker:
 
 
 
 
 
 
 
 
TATERU, Inc.
TATERU is a real estate technology company in Japan. Their TATERU Apartment app is an IoT apartment management solution. The platform allows users to manage apartments from anywhere and provides a one-stop solution for IoT apartment proposals and rent management.
year
2018
rev ($mm)
$716.09
EBITDA ($mm)
$9.52
EBIT ($mm)
$6.53
Net Income ($mm)
$7.44
Employees
505
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Ticker: COMP
 
 
 
 
 
 
 
 
Compass (Real Estate)
Compass is a real estate technology company, providing an end-to-end platform that empowers its residential real estate agents to deliver exceptional service to clients. The platform includes an integrated suite of cloud-based software for customer relationship management, marketing, and more.
year
2021
rev ($mm)
$5,484.10
EBITDA ($mm)
($59.30)
EBIT ($mm)
($109.00)
Net Income ($mm)
Employees
2702
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Ticker: XTRA:NEM
 
 
 
 
 
 
 
 
Nemetschek
Nemetschek
Nemetschek, Munich, is a globally leading software provider for the AEC industry. With its 12 brands, the Nemetschek Group now serves more than 1.8 million users in 142 countries from more than 50 locations worldwide.
year
2021
rev ($mm)
$737.04
EBITDA ($mm)
$191.68
EBIT ($mm)
$172.54
Net Income ($mm)
$142.07
Employees
3139
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