M&A Deal Summary

MRI Software Acquires eCondoSystems

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2017-10-17
Target eCondoSystems
Sector Internet Software and Services
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

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(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 established in 1971 and is based in Solon, Ohio.

DEAL STATS #
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 -
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 -
Mergr

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