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Mri Software Announces Acquisition Of Springboard, A Leading Provider Of Retail Footfall Counting And Ai-Powered Analytics

Oct 03, 2022almost 3 years ago

Acquiring Company

MRI Software

Acquired Company

Springboard

SingaporeSan FranciscoRetail

Description

MRI Software, a global leader in real estate software solutions, today announced the acquisition of UK-based Springboard, a leading provider of footfall counting and artificial intelligence (AI)-powered analytics to retailers, landlords, and government bodies. In acquiring Springboard, MRI will expand its [email protected]TM for Retail solutions suite, which currently serves more than 500 retailers and retail property owners and operators globally.

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.

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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