M&A Deal Summary

CoStar Acquires Matterport

On April 22, 2024, CoStar acquired software company Matterport for 1.6B USD

Acquisition Highlights
  • This is CoStar’s 4th transaction in the Software sector.
  • This is CoStar’s largest (disclosed) transaction.
  • This is CoStar’s 16th transaction in the United States.
  • This is CoStar’s 4th transaction in California.

M&A Deal Summary
Date 2024-04-22
Target Matterport
Sector Software
Buyer(s) CoStar
Deal Type Add-on Acquisition
Deal Value 1.6B USD

Target

Matterport

Sunnyvale, California, United States
Matterport is an immersive media technology company that delivers an end-to-end system for creating, modifying, distributing, and navigating immersive 3D and virtual reality (VR) versions of real-world spaces on web and mobile devices. Matterport was founded in 2011 and is based in Sunnyvale, California.

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Buyer(S) 1

Buyer

CoStar

Washington, District of Columbia, United States
Category Company
Founded 1987
Sector Information Services
Employees6,152
Revenue 2.5B USD (2023)
DESCRIPTION
CoStar office in Columbia, Maryland.
CoStar office in Columbia, Maryland.

CoStar is a provider of information services to commercial real estate professionals in the United States and the United Kingdom. CoStar's suite of products offers customers access via the Internet to the most comprehensive, verified database of commercial real estate information. CoStar was incorporated in 1987 and is based in Washington, DC.

DEAL STATS #
Overall 22 of 23
Sector (Software) 4 of 4
Type (Add-on Acquisition) 18 of 19
State (California) 4 of 4
Country (United States) 16 of 17
Year (2024) 1 of 2
Size (of disclosed) 1 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-19 OnTheMarket

Manchester, United Kingdom

OnTheMarket is a UK residential property portal provider aiming to create value for shareholders and property advertiser customers by delivering an agent-backed, tech-enabled portal, offering a first-class service to agents and new home developers at fair and sustainable prices. OnTheMarket is based in Manchester, United Kingdom.

Buy £100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 Visual Lease

Woodbridge, New Jersey, United States

Visual Lease is an accounting software provider including comprehensive and sophisticated real estate and equipment lease management and accounting software platforms for public and private companies, government entities and other organizations with 50 to 20,000+ leases. Visual Lease was founded in 1995 and is based in Woodbridge, New Jersey.

Buy -
Mergr

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