M&A Deal Summary

MRI Software Acquires Lindsey Software Systems

On January 8, 2020, MRI Software acquired software company Lindsey Software Systems

Acquisition Highlights
  • This is MRI Software’s 15th transaction in the Software sector.
  • This is MRI Software’s 19th transaction in the United States.
  • This is MRI Software’s 1st transaction in Arkansas.

M&A Deal Summary
Date 2020-01-08
Target Lindsey Software Systems
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

Lindsey Software Systems

Little Rock, Arkansas, United States
Lindsey Software Systems is a provider of property management software and services for public and affordable housing organizations. Lindsey Software Systems was established in 1959 and is based in Little Rock, Arkansas.

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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 26 of 45
Sector (Software) 15 of 24
Type (Add-on Acquisition) 26 of 42
State (Arkansas) 1 of 1
Country (United States) 19 of 27
Year (2020) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Multifamily Insurance Partners

Solon, Ohio, United States

Multifamily Insurance Partners is designing and executing resident insurance programs. It provides property owners and operators with a number of benefits, including uninsured loss recovery, reduced property and casualty insurance rates, and potential ancillary income. Multifamily Insurance Partners is based in Solon, Ohio.

Buy -
FOLLOWING 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 -
Mergr

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