logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Mri Software Acquires Angus Systems, A Toronto-Based Provider Of Building Operations Management Software

Jan 20, 2022•almost 4 years ago

Acquiring Company

MRI Software

Acquired Company

MRI Software

SingaporeSoftwareinformation technology & services

Description

MRI Software, a global leader in real estate software, has acquired Angus Systems, a Toronto-based provider of enterprise-class building operations management software for commercial real estate owners and operators. Complementing the company's existing facilities management (FM) solutions with an enhanced breadth and depth of functionality, Angus Systems expands MRI's ability to support clients embracing digital transformation and managing ever-changing work environments amid the ongoing pandemic. This transaction closely follows MRI's August acquisition of FSI, a U.K.-based provider of FM software.

Company Information

Company

MRI Software

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