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  6. MRI Software Acquires Angus Systems

M&A Deal Summary

MRI Software Acquires Angus Systems

On January 20, 2022, MRI Software acquired software company Angus Systems

Acquisition Highlights
  • This is MRI Software’s 24th transaction in the Software sector.
  • This is MRI Software’s 2nd transaction in Canada.
  • This is MRI Software’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2022-01-20
Target Angus Systems
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

Angus Systems

Toronto, Ontario, Canada
Angus Systems is a provider of enterprise-class building operations management software for commercial real estate owners and operators. The Company serves more than 700 customers, and its platform, Angus AnyWhere®, is used to manage 2.7 billion square feet of property across North America. The solution encompasses service management, access control, and tenant experience, delivering centralized control and information across work orders, credentialing, touchless entry, amenity services, and building communications. Angus Systems was founded in 1980 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

MRI Software

Solon, Ohio, United States
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 founded in 1971 and is based in Solon, Ohio.

DEAL STATS #
Overall 41 of 45
Sector: Software M&A 24 of 24
Type: Add-on Acquisition M&A Deals 38 of 42
State: Ontario M&A 2 of 2
Country: Canada M&A 2 of 2
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-13 LeaseEagle

Cremorne, Australia

LeaseEagle is a provider of lease management software for tenants across the corporate, retail, and healthcare industries. The Company delivers advanced software solutions designed to help commercial tenants effectively manage lease commitments across multiple real estate assets. LeaseEagle was founded in 2005 and is based in Cremorne, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-04 ApartmentData.com

Houston, Texas, United States

ApartmentData.com is a provider of online competitive real-time information for renters, apartment locators, and property managers. ApartmentData.com was founded in 1986 and is based in Houston, Texas.

Buy -
Mergr

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