Like Workspeed Management, LLC

closed 6/27/2011 via Company Press Release

MRI Software LLC, acquired Workspeed Management, LLC

synopsis: MRI Software LLC, a leading developer of innovative real estate management and investment software solutions for the global real estate industry, announced that it has merged the operations of Workspeed Management, LLC into its own. This strategic transaction expands MRI’s existing market-leading offerings in property management.
buyer parent: Vista Equity Partners
buyer: MRI Software LLC
MRI Software offers business management solutions to the global property management industry as well as to corporate real estate managers. MRI Software offers the most flexible solutions with both outsourced hosted offerings and packaged enterprise software. "
target: Workspeed Management, LLC
Workspeed is a provider of web and wireless applications designed to optimize real estate enterprise performance. Workspeed helps clients do a more efficient and effective job by giving tenants, property management, staff and vendors easy access and visibility through a flexible central system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/11/2019 via BusinessWire

LeaseAccelerator, acquired Guardian Global Systems

synopsis: LeaseAccelerator, the pioneer in Enterprise Lease Accounting Software-as-a-Service (SaaS), has acquired Guardian Global Systems, an Australian-based provider of Real Estate Administration SaaS to commercial and government organizations. Guardian Global's Portfolio Manager enables companies to manage assets, contracts, clauses, options, and more.
buyer: LeaseAccelerator
LeaseAccelerator offers the market-leading Software-as-a-Service (SaaS) solution for Enterprise Lease Accounting, enabling compliance with the current and new Financial Accounting Standards Board (FASB) and International Financial Reporting Standards (IFRS) standards. "
target: Guardian Global Systems
Guardian Global Systems is an Australian provider of Real Estate Administration Software as a Service to commercial and government organizations. Guardian Global provides an Integrated Workplace Management System (IWMS) to manage acquiring, operating, and divesting corporate real estate assets.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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closed 8/11/2014 via GlobeNewswire

Asure Software, Inc., acquired Roomtag

synopsis: Asure Software, a leading provider of workplace management software solutions, announced that it has acquired Roomtag, a Baltimore-based provider of SaaS-based space, occupancy, assets and move management solutions, as well as a visual directory that enables users to locate staff members, work and meeting spaces, and resources.
buyer: Asure Software, Inc. (ASUR:$99.48)
Asure Software, Inc. offers cloud-based time and labor management and workspace management solutions that help clients bring space and time together. Asure currently offers two main product lines: AsureSpace™ workplace management solutions, and AsureForce® time and labor management solutions. "
target: Roomtag
Roomtag is a Baltimore-based provider of SaaS-based space, occupancy, assets and move management solutions, as well as a visual directory that enables users to locate staff members, work and meeting spaces, and resources.
price ($mm)
$1.69
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/5/2021 via Company Press Release

Swegon Group AB, will acquire 720 Degrees Oy

synopsis: Swegon has signed an agreement to acquire the majority in the Finnish digital software company 720° (degrees). 720° provides analytical software to monitor, visualise and predict the indoor climate in buildings.
buyer parent: Investment AB Latour
buyer: Swegon Group AB
Swegon Group AB, owned by Investment AB Latour, listed on the Stockholm Stock Exchange, is a market leading supplier in the field of indoor environment, offering solutions for ventilation, heating, cooling and climate optimisation, as well as connected services and expert technical support. "
target: 720 Degrees Oy
Finnish digital software company 720° provides analytical software to monitor, visualise and predict the indoor climate in buildings. 720° was founded in 2012 and has 8 employees with the head office in Helsinki.
price ($mm)
rev ($mm)
EBITDA ($mm)
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closed 2/12/2018 via GlobeNewswire

AcuityBrands, acquired Lucid Design Group

synopsis: AcuityBrands, a provider of lighting and building management solutions, has acquired Lucid Design Group, a provider of building analytics through its industry-leading BuildingOS business intelligence platform. Lucid’s SaaS platform enables users to gain powerful insights into the operations of their buildings, helping to make them more efficient.
buyer: AcuityBrands (AYI:$3,672.70)
Acuity Brands, Inc. is the North American market leader and one of the world's leading providers of lighting and building management solutions. The company's products and solutions are sold under various brands. "
target: Lucid Design Group
Lucid provides a data and analytics platform to make data-driven decisions to improve building efficiency and drive energy conservation and savings. Its SaaS-based BuildingOS platform enables users to gain powerful insights into the operations of their buildings, helping to make them more efficient.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2021 via BNC Analysis

Barbon Insurance Group Limited, acquired Rent4sure

synopsis: Barbon Insurance group, the UK’s largest tenant referencing and specialist lettings insurance company, has acquired Rent4sure, an all-in-one lettings platform for UK agents. Rent4sure offers a fully integrated suite of referencing software. Their cloud-based system allows users to manage all of their properties and references in one place.
buyer parent: PIB Group
buyer: Barbon Insurance Group Limited
Barbon Insurance Group is the UK’s largest tenant referencing and specialist lettings insurance company. Their comprehensive range of specialist products give complete protection and peace of mind to letting agents, tenants, and landlords. "
target: Rent4sure
Rent4sure is an all-in-one lettings platform for UK agents. Rent4sure offers a fully integrated suite of referencing software that helps agents to grow their business with security and confidence. Their cloud-based system allows users to manage all of their properties and references in one place.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/21/2021 via Company Press Release

Arthur, will acquire Tilt Property Software

synopsis: Arthur Online, a British subsidiary of Aareon, Europe’s leading provider of property software, will acquire UK-based Tilt Property Software, a provider of property management software. The acquisition of Tilt Property Software will further strengthen the Aareon Group’s position in the UK market.
buyer parent: Aareal Bank AG
buyer: Arthur
Based in London, Arthur offers a cloud-native SaaS solution specifically developed to enhance efficiency with innovative end-to-end solutions. The software enables property managers, landlords, and agents to manage their real estate portfolios anytime and anywhere using specially developed apps. "
target: Tilt Property Software
Based in the UK, Tilt Property Software provides simple, powerful property software for residential lettings, sales, and local housing. With its three different platforms – Origin, Elevate and Affinity – Tilt offers a comprehensive web-based software package for property management.
price ($mm)
rev ($mm)
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EV / rev
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announced 7/13/2021 via Company Press Release

Fortive Corporation, will acquire ServiceChannel, Inc.

synopsis: Fortive Corporation, a provider of essential technologies for connected workflow solutions across a range of attractive end-markets, announced it has entered into a definitive agreement to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network.
buyer: Fortive Corporation (FTV:$4,785.50)
Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions. "
target: ServiceChannel, Inc.
ServiceChannel provides facilities managers with a single platform to source, procure, manage and pay for repair and maintenance services from commercial contractors across their enterprise. They provide a real time and web‐based view of service data across all trades, locations and contractors.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/2/2021 via PR Newswire

Thoma Bravo, LLC, acquired iOffice, Inc.

synopsis: iOFFICE, the industry leader in workplace experience and asset management software-as-a-service solutions, announced its acquisition by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, from prior owner Waud Capital Partners.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make acquisitions intended to accelerate revenue and earnings. "
target parent: Waud Capital Partners, LLC
target: iOffice, Inc.
iOFFICE is the leader in digital workplace experience solutions. iOFFICE provides enterprise workplace leaders with the SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via BNC Analysis

Aareon AG, acquired Fixflo

synopsis: Fixflo has been sold to German software giant Aareon. Fixflo is a repair reporting and maintenance management software system based in London, which aims to streamline the maintenance management process. By using the system, property managers and landlords save time and money, and tenants get repairs carried out more quickly.
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: Fixflo
Fixflo is a repair reporting and maintenance management software system based in London, which aims to streamline the maintenance management process. By using the system, property managers and landlords save time and money, and tenants get repairs carried out more quickly.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/12/2021 via Yahoo, Inc.

Scout24 AG, will acquire Vermietet.de

synopsis: Scout24, a leading operator of digital marketplaces in Germany, will acquire a majority stake in Vermietet.de, a leading property management platform in Germany. Vermietet.de's cloud-based solutions enable property managers to track their property’s performance, prepare modernizations, do structured accounting and manage their tenants.
buyer parent: Hellman & Friedman LLC
buyer: Scout24 AG (DB:G24:$460.34)
Scout24 AG's digital marketplaces, ImmobilienScout24 and AutoScout24, help people find a home and a car. Scout24 offers additional services including credit information, the brokerage of relocation services or construction and car financing. "
target: Vermietet.de
Vermietet.de is a leading property management platform in Germany. Vermietet.de offers cloud-based solutions for private landlords and property managers. Their platform enables users to track their property’s performance, prepare modernizations, do structured accounting and manage their tenants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2021 via Company Press Release

Equiem, acquired Vicinitee Ltd

synopsis: Equiem – Australia’s most widely used tenant experience platform, serving leading owners including Dexus, Lendlease, Salta Properties, ISPT, and Abacus Property Group, has acquired Vicinitee - British Land’s digital property management platform, used across more than 150 buildings throughout the UK, including Broadgate, The Shard and The Gherkin.  
buyer: Equiem
Founded in Australia in 2011, Equiem developed the world’s first digital tenant experience platform, and forever changed the way landlords communicate and interact with occupiers. Equiem’s technology stack includes mobile and desktop apps, communications and event management. "
target parent: British Land Company Plc
target: Vicinitee Ltd
Vicinitee is British Land’s digital property management platform, used across more than 150 buildings throughout the UK, including Broadgate, The Shard and The Gherkin. Vicinitee is a web-based platform that streamlines property management operations and facilitates communications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2021 via Company Press Release

Confirma Software AB, acquired Tietoaika.fi

synopsis: Confirma Software, a Nordic platform focused on acquiring strong enterprise software companies, has acquired Tietoaika.fi, a Finnish developer of real-estate management solutions. Tietoaika offers cloud-based ERP solutions for real estate management companies. Their Domus ERP platform provides solutions for invoicing, property management and more.
buyer parent: ABRY Partners, LLC
buyer: Confirma Software AB
Confirma Software is a Nordic platform focused on acquiring strong enterprise software companies with specialized offerings for SME customers. Confirma Software is committed to continue the successful operation of each of its subsidiaries under their existing brands and with existing management. "
target: Tietoaika.fi
Tietoaika is a Finnish developer of residential real-estate management solutions. Tietoaika offers cloud-based ERP solutions for real estate management companies. Their Domus ERP platform provides solutions for invoicing, accounting, property management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2021 via Company Press Release

Aareon AG, acquired Arthur

synopsis: Aareon, the leading German provider of ERP software and digital solutions for the European property industry, has acquired a 100% stake in Arthur Online Ltd. Based in London, Arthur offers a best-in-class SaaS property management solution that brings together Property Managers, Property Owners, Tenants, and Contractors in one single platform.
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: Arthur
Based in London, Arthur offers a best-in-class SaaS property management solution that brings together Property Managers, Property Owners, Tenants and Contractors in one single platform. Via its suite of integrations, Arthur streamlines its clients’ property management processes from start to finish.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/23/2020 via Company Press Release

View Software, acquired MainManager

synopsis: View Software, a Nordic SaaS company that provides solutions for real estate, industrial maintenance and aquaculture, has acquired MainManager, a comprehensive Computer Aided Facility Management system (CAFM) in Iceland. MainManager enables property managers to completely manage their properties, energy usage and expenditures, and more.
buyer: View Software (OB:ORN:$10.62)
View Software is a Nordic SaaS company that provides solutions for real estate, industrial maintenance and aquaculture. View Software offers software solutions that help property owners, service providers and fisheries to achieve business and operational success. "
target: MainManager
MainManager is a comprehensive Computer Aided Facility Management system (CAFM) in Iceland. MainManager enables property managers to completely manage their properties, keep an eye on energy usage and expenditures, and store and access all property related documents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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 2/12/2020 via BNC Analysis

NoBroker Technologies Solutions Pvt. Ltd., acquired SocietyConnect

synopsis: Real estate startup, NoBroker, has acquired Gurugram-based apartment management solution SocietyConnect. SocietyConnect™ is a comprehensive Cloud-based application, which offers intuitive and easy to use interface for the members of a society. It manages seamlessly all tasks related to facility management, accounting, and billing.
buyer: NoBroker Technologies Solutions Pvt. Ltd.
NoBroker is a new and disruptive force in the Real Estate Industry. They're a site that’s built to let users buy, sell, rent, find a flatmate without paying any brokerage. They're leading India’s real estate industry towards an era of doing real estate transactions in a convenient manner. "
target: SocietyConnect
SocietyConnect™ is a comprehensive Cloud-based application, which offers intuitive and easy to use interface for the members of a society. It manages seamlessly all tasks related to facility management, accounting, billing and connecting with neighbours.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/18/2019 via BusinessWire

RealPage, Inc., acquired Buildium

synopsis: RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announced that it has closed its acquisition of Buildium, a leading SaaS real estate property management solution provider with approximately 2 million units under management in the SMB market segment.
buyer: RealPage, Inc. (RP:$1,115.20)
RealPage is a leading global provider of software and data analytics to the real estate industry. Clients use its platform to improve operating performance and increase capital returns. RealPage serves over 12,100 clients worldwide. "
target: Buildium
Buildium is the only existing property management solution that also helps real estate portfolio managers easily find new business from property owners and community associations seeking services.
price ($mm)
$580
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2019 via Company Press Release

MRI Software LLC, acquired Engage Property Technology Limited

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Engage Property Technology, a leading UK-based provider of self-service online portals used by property organizations of all sizes. Engage portals enable residential landlords and housing associations to deliver super-efficient customer service to their residents.
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: Engage Property Technology Limited
Engage Property Technology is a leading UK-based provider of self-service online portals used by property organizations of all sizes. Engage portals enable residential landlords and housing associations to deliver super-efficient customer service to their residents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/27/2011 via Company Press Release

MRI Software LLC, acquired Workspeed Management, LLC

synopsis: MRI Software LLC, a leading developer of innovative real estate management and investment software solutions for the global real estate industry, announced that it has merged the operations of Workspeed Management, LLC into its own. This strategic transaction expands MRI’s existing market-leading offerings in property management.
buyer parent: Vista Equity Partners
buyer: MRI Software LLC
MRI Software offers business management solutions to the global property management industry as well as to corporate real estate managers. MRI Software offers the most flexible solutions with both outsourced hosted offerings and packaged enterprise software. "
target: Workspeed Management, LLC
Workspeed is a provider of web and wireless applications designed to optimize real estate enterprise performance. Workspeed helps clients do a more efficient and effective job by giving tenants, property management, staff and vendors easy access and visibility through a flexible central system.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
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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 ($mm)
rev ($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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
rev ($mm)
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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:$3,133.80)
The Manhattan Integrated Workplace Management System solutions help real estate occupiers simplify managing their portfolio by providing an integrated platform that improves real estate performance, space utilization and employee experience, while reducing costs and ensuring financial compliance.
price ($mm)
rev ($mm)
EBITDA ($mm)
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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.
price ($mm)
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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)
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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)
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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 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 7/31/2019 via BusinessWire

MRI Software LLC, acquired LEVERTON

synopsis: MRI Software, a global leader in real estate software solutions, announced that it has acquired LEVERTON, a leading artificial intelligence (AI)-powered data extraction solution for real estate and corporate documents.
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: LEVERTON
LEVERTON’s AI-powered data extraction and contract analytics platform helps businesses to extract and analyze key structured data out of their corporate and legal documents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/31/2019 via Company Press Release

MRI Software LLC, acquired ProLease

synopsis: MRI Software (“MRI”), a global leader in real estate software solutions, announces that it has acquired ProLease, a leading provider of lease administration, lease accounting, lease analysis and workplace management applications.
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: ProLease
Backed by 20 years of experience, ProLease gives real estate, facilities, and accounting professionals a powerful platform with every tool they need. ProLease is a leading provider of lease administration, lease accounting, lease analysis and workplace management applications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/20/2019 via PR Newswire

MRI Software LLC, acquired Dynamic Lead Solutions, LLC

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Dynamic Lead Solutions (DLS), a provider of lead management solutions for the real estate industry. DLS offers a software solution that streamlines all rental inquiries into one centralized system and provides real-time notifications for all phone and email leads.
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: Dynamic Lead Solutions, LLC
Dynamic Lead Solutions (DLS) is a provider of lead management solutions for the real estate industry. DLS offers a software solution that streamlines all rental inquiries, provides real-time notifications for all phone and email leads, and enables users to create professional email responses.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/24/2019 via Company Press Release

MRI Software LLC, acquired Engage Property Technology Limited

synopsis: MRI Software, a global leader in real estate software solutions, has acquired Engage Property Technology, a leading UK-based provider of self-service online portals used by property organizations of all sizes. Engage portals enable residential landlords and housing associations to deliver super-efficient customer service to their residents.
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: Engage Property Technology Limited
Engage Property Technology is a leading UK-based provider of self-service online portals used by property organizations of all sizes. Engage portals enable residential landlords and housing associations to deliver super-efficient customer service to their residents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 2/7/2019 via Company Press Release

MRI Software LLC, acquired CTM Software, Corp.

synopsis: MRI Software LLC, a global leader in real estate software solutions, has acquired CTM Software, a leading provider of residential real estate workflow and transaction management software. Their SaaS-based, interactive real estate contract platform enables agents to streamline the residential real estate transaction process.
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: CTM Software, Corp.
CTM Software is a leading provider of residential real estate workflow and transaction management software. Their SaaS-based, interactive real estate contract platform enables agents to streamline the residential real estate transaction process.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 6/27/2011 via Company Press Release

MRI Software LLC, acquired Workspeed Management, LLC

synopsis: MRI Software LLC, a leading developer of innovative real estate management and investment software solutions for the global real estate industry, announced that it has merged the operations of Workspeed Management, LLC into its own. This strategic transaction expands MRI’s existing market-leading offerings in property management.
buyer parent: Vista Equity Partners
buyer: MRI Software LLC
MRI Software offers business management solutions to the global property management industry as well as to corporate real estate managers. MRI Software offers the most flexible solutions with both outsourced hosted offerings and packaged enterprise software. "
target: Workspeed Management, LLC
Workspeed is a provider of web and wireless applications designed to optimize real estate enterprise performance. Workspeed helps clients do a more efficient and effective job by giving tenants, property management, staff and vendors easy access and visibility through a flexible central system.
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
announced 9/16/2021 via PR Newswire

Carrier Global Corporation, will acquire BrokerBay Inc.

synopsis: Carrier Global Corporation, a world leader in heating, air-conditioning and refrigeration solutions, will acquire BrokerBay Inc., a real estate management cloud ecosystem. BrokerBay helps real estate brokers to reduce their administrator workloads. Their platform features solutions for front-desk management, messaging, feedback collection and more.
buyer: Carrier Global Corporation (NYSE:CARR:$19,735.00)
Carrier is a world leader in high-technology heating, air-conditioning and refrigeration solutions. Carrier provides energy-efficient products, building controls and energy services for residential, commercial, retail, transport and food service customers. "
target: BrokerBay Inc.
BrokerBay is an advanced real estate management cloud ecosystem. BrokerBay helps real estate brokers to reduce their administrator workloads, empower their agents, and impress their clients. Their platform features solutions for front-desk management, messaging, feedback collection, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 8/4/2021 via BNC Analysis

Barbon Insurance Group Limited, acquired Rent4sure

synopsis: Barbon Insurance group, the UK’s largest tenant referencing and specialist lettings insurance company, has acquired Rent4sure, an all-in-one lettings platform for UK agents. Rent4sure offers a fully integrated suite of referencing software. Their cloud-based system allows users to manage all of their properties and references in one place.
buyer parent: PIB Group
buyer: Barbon Insurance Group Limited
Barbon Insurance Group is the UK’s largest tenant referencing and specialist lettings insurance company. Their comprehensive range of specialist products give complete protection and peace of mind to letting agents, tenants, and landlords. "
target: Rent4sure
Rent4sure is an all-in-one lettings platform for UK agents. Rent4sure offers a fully integrated suite of referencing software that helps agents to grow their business with security and confidence. Their cloud-based system allows users to manage all of their properties and references in one place.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/21/2021 via Company Press Release

Arthur, will acquire Tilt Property Software

synopsis: Arthur Online, a British subsidiary of Aareon, Europe’s leading provider of property software, will acquire UK-based Tilt Property Software, a provider of property management software. The acquisition of Tilt Property Software will further strengthen the Aareon Group’s position in the UK market.
buyer parent: Aareal Bank AG
buyer: Arthur
Based in London, Arthur offers a cloud-native SaaS solution specifically developed to enhance efficiency with innovative end-to-end solutions. The software enables property managers, landlords, and agents to manage their real estate portfolios anytime and anywhere using specially developed apps. "
target: Tilt Property Software
Based in the UK, Tilt Property Software provides simple, powerful property software for residential lettings, sales, and local housing. With its three different platforms – Origin, Elevate and Affinity – Tilt offers a comprehensive web-based software package for property management.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 7/13/2021 via Company Press Release

Fortive Corporation, will acquire ServiceChannel, Inc.

synopsis: Fortive Corporation, a provider of essential technologies for connected workflow solutions across a range of attractive end-markets, announced it has entered into a definitive agreement to acquire ServiceChannel, a leading global provider of SaaS-based multi-site facilities maintenance service solutions with an integrated service-provider network.
buyer: Fortive Corporation (FTV:$4,785.50)
Fortive is a provider of essential technologies for connected workflow solutions across a range of attractive end-markets. The company holds leading positions in intelligent operating solutions, precision technologies, and advanced healthcare solutions. "
target: ServiceChannel, Inc.
ServiceChannel provides facilities managers with a single platform to source, procure, manage and pay for repair and maintenance services from commercial contractors across their enterprise. They provide a real time and web‐based view of service data across all trades, locations and contractors.
price ($mm)
$1,200
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 7/2/2021 via PR Newswire

Thoma Bravo, LLC, acquired iOffice, Inc.

synopsis: iOFFICE, the industry leader in workplace experience and asset management software-as-a-service solutions, announced its acquisition by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, from prior owner Waud Capital Partners.
buyer: Thoma Bravo, LLC
Thoma Bravo is a leading private equity firm focused on the software and technology-enabled services sectors. Thoma Bravo partners with a company’s management team to implement operating best practices, invest in growth initiatives and make acquisitions intended to accelerate revenue and earnings. "
target parent: Waud Capital Partners, LLC
target: iOffice, Inc.
iOFFICE is the leader in digital workplace experience solutions. iOFFICE provides enterprise workplace leaders with the SaaS platform, mobile tools and analytics to simplify facility management, empower employees and increase workplace productivity.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 5/26/2021 via BNC Analysis

Aareon AG, acquired Fixflo

synopsis: Fixflo has been sold to German software giant Aareon. Fixflo is a repair reporting and maintenance management software system based in London, which aims to streamline the maintenance management process. By using the system, property managers and landlords save time and money, and tenants get repairs carried out more quickly.
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: Fixflo
Fixflo is a repair reporting and maintenance management software system based in London, which aims to streamline the maintenance management process. By using the system, property managers and landlords save time and money, and tenants get repairs carried out more quickly.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
announced 5/12/2021 via Yahoo, Inc.

Scout24 AG, will acquire Vermietet.de

synopsis: Scout24, a leading operator of digital marketplaces in Germany, will acquire a majority stake in Vermietet.de, a leading property management platform in Germany. Vermietet.de's cloud-based solutions enable property managers to track their property’s performance, prepare modernizations, do structured accounting and manage their tenants.
buyer parent: Hellman & Friedman LLC
buyer: Scout24 AG (DB:G24:$460.34)
Scout24 AG's digital marketplaces, ImmobilienScout24 and AutoScout24, help people find a home and a car. Scout24 offers additional services including credit information, the brokerage of relocation services or construction and car financing. "
target: Vermietet.de
Vermietet.de is a leading property management platform in Germany. Vermietet.de offers cloud-based solutions for private landlords and property managers. Their platform enables users to track their property’s performance, prepare modernizations, do structured accounting and manage their tenants.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/28/2021 via Company Press Release

Equiem, acquired Vicinitee Ltd

synopsis: Equiem – Australia’s most widely used tenant experience platform, serving leading owners including Dexus, Lendlease, Salta Properties, ISPT, and Abacus Property Group, has acquired Vicinitee - British Land’s digital property management platform, used across more than 150 buildings throughout the UK, including Broadgate, The Shard and The Gherkin.  
buyer: Equiem
Founded in Australia in 2011, Equiem developed the world’s first digital tenant experience platform, and forever changed the way landlords communicate and interact with occupiers. Equiem’s technology stack includes mobile and desktop apps, communications and event management. "
target parent: British Land Company Plc
target: Vicinitee Ltd
Vicinitee is British Land’s digital property management platform, used across more than 150 buildings throughout the UK, including Broadgate, The Shard and The Gherkin. Vicinitee is a web-based platform that streamlines property management operations and facilitates communications.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 4/21/2021 via Company Press Release

Confirma Software AB, acquired Tietoaika.fi

synopsis: Confirma Software, a Nordic platform focused on acquiring strong enterprise software companies, has acquired Tietoaika.fi, a Finnish developer of real-estate management solutions. Tietoaika offers cloud-based ERP solutions for real estate management companies. Their Domus ERP platform provides solutions for invoicing, property management and more.
buyer parent: ABRY Partners, LLC
buyer: Confirma Software AB
Confirma Software is a Nordic platform focused on acquiring strong enterprise software companies with specialized offerings for SME customers. Confirma Software is committed to continue the successful operation of each of its subsidiaries under their existing brands and with existing management. "
target: Tietoaika.fi
Tietoaika is a Finnish developer of residential real-estate management solutions. Tietoaika offers cloud-based ERP solutions for real estate management companies. Their Domus ERP platform provides solutions for invoicing, accounting, property management, and more.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 1/29/2021 via Company Press Release

Aareon AG, acquired Arthur

synopsis: Aareon, the leading German provider of ERP software and digital solutions for the European property industry, has acquired a 100% stake in Arthur Online Ltd. Based in London, Arthur offers a best-in-class SaaS property management solution that brings together Property Managers, Property Owners, Tenants, and Contractors in one single platform.
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: Arthur
Based in London, Arthur offers a best-in-class SaaS property management solution that brings together Property Managers, Property Owners, Tenants and Contractors in one single platform. Via its suite of integrations, Arthur streamlines its clients’ property management processes from start to finish.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
closed 12/23/2020 via Company Press Release

View Software, acquired MainManager

synopsis: View Software, a Nordic SaaS company that provides solutions for real estate, industrial maintenance and aquaculture, has acquired MainManager, a comprehensive Computer Aided Facility Management system (CAFM) in Iceland. MainManager enables property managers to completely manage their properties, energy usage and expenditures, and more.
buyer: View Software (OB:ORN:$10.62)
View Software is a Nordic SaaS company that provides solutions for real estate, industrial maintenance and aquaculture. View Software offers software solutions that help property owners, service providers and fisheries to achieve business and operational success. "
target: MainManager
MainManager is a comprehensive Computer Aided Facility Management system (CAFM) in Iceland. MainManager enables property managers to completely manage their properties, keep an eye on energy usage and expenditures, and store and access all property related documents.
price ($mm)
rev ($mm)
EBITDA ($mm)
EV / rev
EV / EBITDA
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

Like Workspeed Management, LLC


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Fixflo

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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: OB:ORN
 
 
 
 
 
 
 
 
Orn Software
Orn Software
Based in Norway, Ørn Software is a Nordic provider of SaaS solutions enabling efficient operations and maintenance across a wide range of asset-heavy industries, including real estate, manufacturing, food & beverages, and aquaculture.
year
2021
rev ($mm)
$10.62
EBITDA ($mm)
($1.96)
EBIT ($mm)
($2.28)
Net Income ($mm)
Employees
60
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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: TSE:1435
 
 
 
 
 
 
 
 
Investors Cloud Co., Ltd.
Investors Cloud Co., Ltd. engages in the development and operation of TATERU and other software companies. The company is based in Tokyo, Japan.
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
2019
rev ($mm)
$599.43
EBITDA ($mm)
$134.58
EBIT ($mm)
$125.73
Net Income ($mm)
$133.28
Employees
2838
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