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Mri Software Acquires Apartmentdata.Com, Houston-Based Provider Of Market Research And Data Solutions For Multifamily Properties

Aug 04, 2022•almost 3 years ago

Acquiring Company

MRI Software

Acquired Company

ApartmentData.com

Singapore

Description

MRI Software, a global leader in real estate software, has acquired ApartmentData.com, further expanding its MRI LivingTM suite of property management solutions for the multifamily market. ApartmentData.com is a Houston-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy.

Company Information

Company

MRI Software

Location

Singapore

About

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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