MRI Has Acquired CML Software
About CML Software
- CML Software is a leading UK-based provider of residential real estate software
- The company’s portfolio includes solutions for CRM, property management, renewals, client accounting, portfolio accounting and block management
- CML works flexibly through the complete property business cycle to add efficient control, automation and process simplification for multiple-office sales and letting agents, property management companies and block management businesses
- CML was incorporated in 1992 and is based in Reading, England
About MRI Software
- MRI Software is a leader in business management software solutions to the property management and investment industries as well as to corporate real estate managers
- As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the multifamily, commercial and investment advisor industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios
- MRI Software was founded in 1971 and is headquartered in Cleveland
- MRI Software is a portfolio company of GI Partners and TA Associates, two leading global private investment firms with focuses across a range of sectors including Technology, Media & Telecommunications, Financial & Real Estate Services and Healthcare
Transaction Notes
- MRI Software’s acquisition of CML Software was announced on July 12, 2018; financial terms were not disclosed
- As part of an ongoing mandate to source, evaluate and execute buy-side M&A opportunities in real estate software, Shea & Company acted as the exclusive advisor to MRI and their owners GI Partners and TA Associates on the transaction