M&A Deal Summary

MRI Software Acquires Castleton Technology

On April 15, 2020, MRI Software acquired software company Castleton Technology

Acquisition Highlights
  • This is MRI Software’s 17th transaction in the Software sector.
  • This is MRI Software’s 5th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-04-15
Target Castleton Technology
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

Castleton Technology

Sutton Coldfield, United Kingdom
Castleton Technology Plc is a provider of complementary software and managed services to the public and not-for-profit sectors. Castleton works in partnership with its customers and resellers to help drive efficiencies whilst improving controls and customer service. Castleton Technology was founded in 1997 and is based in Sutton Coldfield, the United Kingdom.

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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 28 of 45
Sector: Software M&A 17 of 24
Type: Add-on Acquisition M&A Deals 28 of 42
Country: United Kingdom M&A 5 of 8
Year: 2020 M&A 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-31 Orchard Information Systems

Newcastle upon Tyne, United Kingdom

Orchard Information Systems Ltd. is a provider of specialist software solutions for the social housing sector and local authorities. Orchard Information Systems is based in Newcastle upon Tyne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-05 Housing Partners

Worcester, United Kingdom

Housing Partners is a specialist technology provider for the social housing sector. Housing Partners was founded in 1990 and is based in Worcester, United Kingdom.

Buy -