M&A Deal Summary

MRI Software Acquires ProLease

On July 31, 2019, MRI Software acquired software company ProLease

Acquisition Highlights
  • This is MRI Software’s 14th transaction in the Software sector.
  • This is MRI Software’s 17th transaction in the United States.
  • This is MRI Software’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2019-07-31
Target ProLease
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

ProLease

Stamford, Connecticut, United States
Link Systems, Inc. is a provider of lease administration, lease accounting, lease analysis and workplace management applications. Link Systems, Inc. was founded in 1992 and is based in Stamford, Connecticut.

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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 24 of 45
Sector: Software M&A 14 of 24
Type: Add-on Acquisition M&A Deals 24 of 42
State: Connecticut M&A 1 of 1
Country: United States M&A 17 of 27
Year: 2019 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 LEVERTON

New York, New York, United States

LEVERTON is an artificial intelligence (AI)-powered data extraction solution for real estate and corporate documents. LEVERTON was founded in 2012 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Multifamily Insurance Partners

Solon, Ohio, United States

Multifamily Insurance Partners is designing and executing resident insurance programs. It provides property owners and operators with a number of benefits, including uninsured loss recovery, reduced property and casualty insurance rates, and potential ancillary income. Multifamily Insurance Partners is based in Solon, Ohio.

Buy -