M&A Deal Summary

MRI Software Acquires CoreLogic - Jenark

On October 29, 2020, MRI Software acquired software company CoreLogic - Jenark from Cotality

Acquisition Highlights
  • This is MRI Software’s 19th transaction in the Software sector.
  • This is MRI Software’s 23rd transaction in the United States.
  • This is MRI Software’s 1st transaction in California.

M&A Deal Summary

Date 2020-10-29
Target CoreLogic - Jenark
Sector Software
Buyer(s) MRI Software
Sellers(s) Cotality
Deal Type Divestiture

Target

CoreLogic - Jenark

Irvine, California, United States
CoreLogic, Inc. - Jenark's software addresses the unique requirements of the community and homeowners associations: processes, operations, transactions, communications, accounting, administration, and reporting. Whether clients need automated financial statement production across portfolios or the ability to track revenue and cost by job, Jenark software will help save time and drive operational efficiencies.

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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 33 of 45
Sector: Software M&A 19 of 24
Type: Divestiture M&A Deals 2 of 3
State: California M&A 1 of 2
Country: United States M&A 23 of 27
Year: 2020 M&A 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-13 CheckpointID

Carrolton, Texas, United States

CheckpointID LLC is a provider of ID verification and fraud prevention technology solutions to the multifamily industry. CheckpointID™ solution validates government-issued domestic and international IDs in real time to protect against rental fraud and increase safety in both guided and self-guided apartment tours. CheckpointID was established in 2016 and is based in Carrolton, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 AMTdirect

Cornelius, North Carolina, United States

AMTdirect LLC is a provider of lease accounting, lease administration, and facilities management solutions for corporate occupiers and lessees. AMTdirect was founded in 1996 and is based in Cornelius, North Carolina.

Buy -

Seller(S) 1

SELLER

Cotality

Irvine, California, United States

Category Company
Founded 1894
Sector Information Services
Employees5,100
Revenue 1.8B USD (2019)
DESCRIPTION
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.

Cotality is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. Cotality was founded in 1894 and is based in Irvine, California.


DEAL STATS #
Overall 4 of 6
Sector: Software M&A 1 of 1
Type: Divestiture M&A Deals 4 of 6
State: California M&A 2 of 3
Country: United States M&A 3 of 5
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-06 National Tax Search

Chicago, Illinois, United States

National Tax Search LLC provides comprehensive property tax management services to lenders, real estate investment trusts, and property management companies. NTS limits customer exposure to unforeseen collateral loss related to unpaid property taxes, HOA fees, or inaccurate flood determination. NTS serves some of the largest lenders and investors in the nation as well as smaller, regional firms. NTS was formed in 1997 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-30 ClosingCorp

San Diego, California, United States

ClosingCorp owns and operates the premier source of intelligence for closing costs and service providers in the U.S. residential real estate industry. Through innovative solutions, progressive technologies, and strong alliances, the company delivers timely, accurate, and transparent results that help optimize closing processes and services for mortgage lenders, title and settlement companies, and real estate professionals. ClosingCorp was formed in 2006 and is based in San Diego, California.

Buy -