M&A Deal Summary

MRI Software Acquires Bostonpost Technology

On October 1, 2011, MRI Software acquired software company Bostonpost Technology

Acquisition Highlights
  • This is MRI Software’s 1st transaction in the Software sector.
  • This is MRI Software’s 2nd transaction in the United States.
  • This is MRI Software’s 1st transaction in New Hampshire.

M&A Deal Summary
Date 2011-10-01
Target Bostonpost Technology
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

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.

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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 2 of 45
Sector (Software) 1 of 24
Type (Add-on Acquisition) 2 of 42
State (New Hampshire) 1 of 1
Country (United States) 2 of 27
Year (2011) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-21 Realty DataTrust Corp

Scottsdale, Arizona, United States

Realty DataTrust Corporation, doing business as VaultWare, provides consumer-focused apartment marketing and leasing solutions for the multifamily market.

Buy -
Mergr

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