M&A Deal Summary

MRI Software Acquires Trimble - Manhattan Software

On February 17, 2021, MRI Software acquired software company Trimble - Manhattan Software from Trimble

Acquisition Highlights
  • This is MRI Software’s 20th transaction in the Software sector.
  • This is MRI Software’s 25th transaction in the United States.
  • This is MRI Software’s 2nd transaction in California.

M&A Deal Summary

Date 2021-02-17
Target Trimble - Manhattan Software
Sector Software
Buyer(s) MRI Software
Sellers(s) Trimble
Deal Type Divestiture

Target

Trimble - Manhattan Software

Sunnyvale, California, United States
Trimble's ManhattanONE is a proven, modular property and real estate management software suite designed to help you plan, manage and optimize your real estate and workplace portfolio.

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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 35 of 45
Sector: Software M&A 20 of 24
Type: Divestiture M&A Deals 3 of 3
State: California M&A 2 of 2
Country: United States M&A 25 of 27
Year: 2021 M&A 2 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-04 WhosOnLocaton

Wellington, New Zealand

WhosOnLocaton Ltd. is a provider of an enterprise-class, cloud-based platform with employee, visitor, contractor and emergency management applications. WhosOnLocaton is based in Wellington, New Zealand.

Buy -

Seller(S) 1

SELLER

Trimble

Westminster, Colorado, United States

Category Company
Founded 1978
Sector Information Technology
Employees12,700
Revenue 3.8B USD (2023)
DESCRIPTION
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.
Entrance to Trimble Navigation's corporate headquarters in Sunnyvale, California.

Trimble is a provider of location-based solutions. The Company integrates its positioning expertise in GPS, laser, optical and inertial technologies with application software, wireless communications, and services to provide an array of commercial solutions. Trimble's technology serves a variety of industries including agriculture, engineering and construction, transportation and wireless communications infrastructure. Trimble was founded in 1978 and is based in Westminster, Colorado.


DEAL STATS #
Overall 10 of 19
Sector: Software M&A 4 of 5
Type: Divestiture M&A Deals 10 of 19
State: California M&A 7 of 10
Country: United States M&A 9 of 18
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-05 Trimble Navigation - Construction Logistics Business

Sunnyvale, California, United States

Trimble's Construction Logistics Business provides ready-mix and aggregates delivery managers with tools to track, schedule, route, and communicate across the fleet for efficient delivery of products. Fleets benefit from automated real-time vehicle location and status, turn-by-turn navigation, monitoring, and diagnostics as well as business analytics and reporting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-16 IRON Solutions

Franklin, Tennessee, United States

IRON Solutions is a B2B transaction data franchise serving the $100 billion farm, outdoor power, and construction equipment industries. IRON Solutions was founded in 1999 and is based in Franklin, Tennessee.

Sell -