M&A Deal Summary

MRI Software Acquires Tenmast Software

On October 10, 2017, MRI Software acquired software company Tenmast Software

Acquisition Highlights
  • This is MRI Software’s 5th transaction in the Software sector.
  • This is MRI Software’s 6th transaction in the United States.
  • This is MRI Software’s 1st transaction in Kentucky.

M&A Deal Summary

Date 2017-10-10
Target Tenmast Software
Sector Software
Buyer(s) MRI Software
Deal Type Add-on Acquisition

Target

Tenmast Software

Lexington, Kentucky, United States
Tenmast Software is a provider of public housing authority (PHA) and private affordable housing management software. Tenmast offers streamlined, easy-to-use software that keeps public housing authorities (PHAs) continually in compliance with the ever-changing rules of federal affordable housing regulators. Tenmast Software was established in 1984 and is based in Lexington, Kentucky.

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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 9 of 45
Sector: Software M&A 5 of 24
Type: Add-on Acquisition M&A Deals 9 of 42
State: Kentucky M&A 1 of 1
Country: United States M&A 6 of 27
Year: 2017 M&A 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-04 Qube Global Software

London, United Kingdom

Qube Global Software is a provider of property and facilities management software services. Its products can bring increased revenue and efficiency, reduced costs and full access to vital information for every sector of the property industry. Qube Global Software is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-16 HAB

La Crosse, Wisconsin, United States

HAB, Inc. is a provider of an innovatively simple housing management software for tenant, applicant, landlord, unit, property and financial management of a housing agency.

Buy -