Lessen completed the acquisition of SMS Assist for $950m.

Lessen, a real estate software company, completed the acquisition of SMS Assist, a facilities maintenance technology company, for $950m. “Lessen recognized early on the opportunity to provide an enterprise-level solution that solved the real estate industry’s long-tenured property services pain points. This deal demonstrates the increasing demand within the underpenetrated, $330bn addressable North American property services market for a unified, extensible delivery platform that provides transparency, efficiency and data-driven insights for the entire real estate ecosystem including investors, owners, managers and service providers," Jay McKee, Lessen Founder and CEO.