MRI Has Acquired Qube Global Software
About Qube Global Software
- Qube is a leading UK-based provider of property and facilities management solutions
- The Company provides property management, financial management, facilities management, integrated workplace management and space management solutions to both the commercial and residential real estate sectors
- Over the years, Qube has helped thousands of clients, ranging from small investors to global corporations, manage every aspect of their property portfolios
- Qube has over 40 years of experience in the industry and is based in London
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 Qube Global Software was announced on October 4, 2017; 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