Accel-KKR-backed Reapit to acquire Console Group.

Accel-KKR-backed Reapit, a provider of CRM and client accounting software, agreed to acquire Console Group, a provider of property management and trust accounting software. Financial terms were not disclosed. “The property market is currently going through unprecedented change. As a leading technology provider relied upon by such a significant volume of real estate agencies in Australia and New Zealand, we have a duty of care to our customers to bring solutions into our portfolio that are best-in-class, enabling our customers to adapt, thrive and grow profitably. The acquisition of Console deepens Reapit’s commitment to delivering innovative solutions to the market, extending AgentBox’s CRM and AgentPoint’s Digital Marketing solutions with Console Cloud’s Property Management software," Mark Armstrong, Reapit Group CEO.