Add-on Acquisition • Internet Software and Services

MRI Software Acquires eCondoSystems

On October 17, 2017, MRI Software acquired internet software and services company eCondoSystems

Acquisition Context

This is MRI Software’s 2nd transaction in the Internet Software and Services sector.
This is MRI Software’s 8th transaction in the United States.
This is MRI Software’s 1st transaction in Florida.

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M&A Deal Summary
Date	October 17, 2017
Target	eCondoSystems
Sector	Internet Software and Services
Buyer(s)	MRI Software
Deal Type	Add-on Acquisition

Target Company

eCondoSystems

Coral Springs, Florida, United States

eCondoSystems is a provider of cloud-based software solutions for the condominium development and sales sector. eCondoSystems provides a turn-key dashboard driven software package delivered through the Cloud to serve the needs of condo developers (and their sales teams) in the development and sale of condo units. These tools include integrated CRM, automated marketing, prospect-to-client conversion analysis, automatic contract assembly and contract administration, as well as inventory control, accounting, reporting, and more.

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Buyer Overview 1

Buyer

MRI Software

Solon, Ohio, United States

Category	Company
Founded	1971
Sector	Software
Employees	340

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 Context for Buyer	#
Overall	11 of 45
Sector: Internet Software and Services	2 of 8
Type: Add-on Acquisition	11 of 42
State: Florida	1 of 1
Country: United States	8 of 27
Year: 2017	5 of 6

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-10-16	HAB La Crosse, Wisconsin, United States HAB, Inc. is a provider of an innovatively simple housing management software for tenant, applicant, landlord, unit, property and financial management of a housing agency.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2017-10-16

HAB

La Crosse, Wisconsin, United States

HAB, Inc. is a provider of an innovatively simple housing management software for tenant, applicant, landlord, unit, property and financial management of a housing agency.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2017-12-14	MDA Property Systems Cape Town, South Africa MDA Property Systems is a property management and accounting software company. MDA Property Systems was established in 1990 and is based in Cape Town, South Africa.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2017-12-14

MDA Property Systems

Cape Town, South Africa

MDA Property Systems is a property management and accounting software company. MDA Property Systems was established in 1990 and is based in Cape Town, South Africa.

Buy

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