M&A Deal Summary

MRI Software Acquires TPN

On October 19, 2022, MRI Software acquired business services company TPN

Acquisition Highlights
  • This is MRI Software’s 3rd transaction in the Business Services sector.
  • This is MRI Software’s 3rd transaction in South Africa.

M&A Deal Summary
Date 2022-10-19
Target TPN
Sector Business Services
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

TPN

Gauteng, South Africa
website
TPN is a registered credit bureau serving the residential, commercial, and education markets in South Africa. The company's comprehensive solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits. TPN was formed in 2000 and is based in Gauteng, South Africa.

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Buyer(S) 1

Buyer

MRI Software

Solon, Ohio, United States

website

Category Company
Founded 1971
Sector Software
Employees340
DESCRIPTION

MRI Software is a provider of real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. MRI develops lasting client relationships based on nearly five decades of expertise and insight. MRI Software was established in 1971 and is based in Solon, Ohio.

DEAL STATS #
Overall 44 of 44
Sector (Business Services) 3 of 3
Type (Add-on Acquisition) 41 of 41
Country (South Africa) 3 of 3
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-03 Springboard

Milton Keynes, United Kingdom

Springboard is a provider of retail performance monitoring; providing footfall, dwell time and conversion rates, sales analysis, and data-driven insights. The investment injection will enable Springboard to capitalize on business growth opportunities in the UK amongst retailers and property owners, as well as further expansion in North America and Europe. Springboard was founded in 2002 and is based in Milton Keynes, England.

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