MRI’s Acquisition Of Qube Global Creates A Truly Global Provider Of Real Estate Management Software

Published 3 November 2017 by Susan Clarke

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Executive Summary

In October 2017, US-headquartered real estate software provider MRI Software announced the acquisition of UK-headquartered facility and workplace management software vendor Qube Global Software. Private equity-backed MRI Software has been highly acquisitive, buying vendors across the real estate management market. This latest deal by MRI Software will grow its footprint in Europe and provide it additional software capabilities across facilities management and workplace services. Qube Global Software customers should expect all current products to remain in place, with the addition of better access to solutions from MRI Software’s portfolio. The key takeaway for executives in the real estate software market is that MRI Software, through its acquisitions and partnerships, is getting closer to being able to provide solutions across the whole breadth of the market. This will put pressure on other firms pursuing a similar strategy to accelerate their investment plans.

Table of contents

MRI’s Acquisition Of Qube Global Creates A Truly Global Provider Of Real Estate Management Software
MRI Is Following An Aggressive Acquisition-Led Growth Strategy
Qube Deal Provides MRI With A Significant Footprint In Europe
Qube Team Emphasizes Stability And Benefits For Customers

Table of figures

Figure 1. IWMS Solution Capabilities Extend Across Three Verticals

Organisations mentioned

Accruent, Addnode, Bank of Montreal, BBC, BT, Canada Life, Delta Airlines, GI Partners, Grainger, Lucernex, Marks & Spencer, MRI Software, Nokia, Phillips Edison & Company, Qube Global Software, Real Asset Management, Saint-Gobain, Savills, Service Works Group, TA Associates, Tesco, TH Real Estate, Workspeed.

About the author

Susan Clarke

Principal Analyst

Susan is a Principal Analyst in the Verdantix Smart Buildings Practice. Her current research agenda focuses on integrated solutions for real estate management and energy services. Susan has eight years of experience in technology research. She holds a MSc from the University of London in Sustainable Development.

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