TA Associates-backed MRI Software completed the acquisition of Castleton Technology for $104m.

TA Associates-backed MRI Software, a real estate software solutions provider, completed the acquisition of Castleton Technology, a provider of specialist software and services to the social housing sector for $104m. MRI extends its residential market offering and accelerates the development of Castleton’s cloud-based technologies to serve the needs of social housing providers. “The acquisition of Castleton is a significant development for our business, delivering us scale in the UK real estate market and social housing sector in particular - providing a platform to further accelerate our growth globally. We are excited to work with the management team and employees of Castleton, to build upon their strong position in the social housing sector, utilising MRI's complementary experience, capabilities, network and resources,” Patrick Ghilani, MRI Software CEO.