M&A Deal Summary

MRI Software Acquires Rockend Pty

On July 31, 2019, MRI Software acquired software company Rockend Pty

Acquisition Highlights
  • This is MRI Software’s 14th transaction in the Software sector.
  • This is MRI Software’s 2nd transaction in Australia.

M&A Deal Summary

Date 2019-07-31
Target Rockend Pty
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

Rockend Pty

St Leonards, Australia
Rockend Pty Ltd. is a provider of residential property and strata management solutions for the Australian and New Zealand (ANZ) PropTech sector. Rockend Pty Ltd. was founded in 1979 and is based in St Leonards, Australia.

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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 24 of 45
Sector: Software M&A 14 of 24
Type: Add-on Acquisition M&A Deals 24 of 42
Country: Australia M&A 2 of 4
Year: 2019 M&A 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 ProLease

Stamford, Connecticut, United States

Link Systems, Inc. is a provider of lease administration, lease accounting, lease analysis and workplace management applications. Link Systems, Inc. was founded in 1992 and is based in Stamford, Connecticut.

Buy -
FOLLOWING 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 -