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New Deal


Announced

Completed

MRI Software completed the acquisition of PropertySuite for $10m.

Financials

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Transaction Value£8m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

New Zealand

property management

Software

Completed

Cross Border

Private

Acquisition

Friendly

Majority

Synopsis

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MRI Software, a provider of real estate software solutions, completed the acquisition of PropertySuite, a cloud-based PropTech solution, for $10m. “MRI has been a pioneer in real estate software for over 50 years, laser-focused on innovation and enabling transformation of the real estate industry with great technology, like PropertySuite. As of today, we officially welcome their 4k customers into the MRI ecosystem, and we look forward to sharing the easily integrated innovation of PropertySuite with our existing MRI customers too,” David Bowie, MRI Software Managing Director and Senior Vice President.

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