Announced
Completed
Financials
Tags
real estate software
Software
Single Bidder
Friendly
smart solutions
software solutions
Acquisition
Private Equity
software services
Majority
United Kingdom
Public
Completed
Synopsis
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.
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