Add-on Acquisition • Business Services

MRI Software Acquires Workspeed Management

On June 27, 2011, MRI Software acquired business services company Workspeed Management

Acquisition Context

This is MRI Software’s 1st transaction in the Business Services sector.
This is MRI Software’s 1st transaction in the United States.
This is MRI Software’s 1st transaction in New York.

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M&A Deal Summary
Date	June 27, 2011
Target	Workspeed Management
Sector	Business Services
Buyer(s)	MRI Software
Deal Type	Add-on Acquisition

Target Company

Workspeed Management

New York, New York, United States

Workspeed is the leading provider of real estate management software solutions designed to optimize operations and to promote sustainability. The patented Workspeed solution enables property owners and managers, building staff, facility professionals, vendors and tenants to collaborate efficiently on a single, flexible and intuitive rule-based platform. Over 250,000 users in over 500 million square feet of commercial and residential properties leverage Workspeed’s wide range of solutions.

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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	1 of 45
Sector: Business Services	1 of 3
Type: Add-on Acquisition	1 of 42
State: New York	1 of 5
Country: United States	1 of 27
Year: 2011	1 of 3

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2011-10-01	Bostonpost Technology Bedford, New Hampshire, United States Bostonpost is a leading software-as-a-service (SaaS) provider of affordable housing property management software designed to optimize compliance within the complex environment of funding programs and regulations, and to help property owners and managers reduce administrative overhead and costs associated with compliance. Its flagship product, Bostonpost Property Manager, enables real-time access to all property, tenant, compliance, financial, and maintenance information with an easy-to-use, SaaS application that supports all affordable housing programs, including HUD, USDA, DHCR, public housing programs and low income housing tax credits.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2011-10-01

Bostonpost Technology

Bedford, New Hampshire, United States

Bostonpost is a leading software-as-a-service (SaaS) provider of affordable housing property management software designed to optimize compliance within the complex environment of funding programs and regulations, and to help property owners and managers reduce administrative overhead and costs associated with compliance. Its flagship product, Bostonpost Property Manager, enables real-time access to all property, tenant, compliance, financial, and maintenance information with an easy-to-use, SaaS application that supports all affordable housing programs, including HUD, USDA, DHCR, public housing programs and low income housing tax credits.

Buy

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