MRI Software Acquires eCondoSystems
1stWEST M&A Represented eCondoSystems in this Success Sale to MRI Software
1stWEST M&A Served as the Sell-Side Advisor to eCondoSystems. This is the 4th in a Series of Software Company Sales That 1stWEST M&A Has Recently Brokered
Evergreen, CO – October 18, 2017: 1stWEST Mergers and Acquisitions today announced that it has brokered the sale of eCondoSystems to MRI Software. (Read the full MRI Software press release here.) MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI Software is a strategic partner of TA Associates.
eCondoSystems is a comprehensive, Cloud-based workflow and sales management solution for use by developers of condos and multi-family units. The eCondoSystems solution provides a wide array of information management, data collection, reports, and data storage in support of the development, sales, and closing processes.
1stWEST M&A has been extremely active in the software M&A sector. The sale of eCondoSystems is the fourth in a series of recent software company sales deals brokered by 1stWEST M&A, including two software companies sold to a subsidiary company of Berkshire Hathaway (NYSE: BRKA; NYSE:BRKB). Specifically,
1stWEST M&A recently brokered or advised on the sales of BuilderMT (to MiTek), Sales Simplicity (to MiTek), BRIX (to Hyphen Solutions / PWP Growth Equity), and now eCondoSystems to MRI Software.
???Today, at the height of the current business cycle, we continue to see very strong valuations. Strategic buyers have repeatedly demonstrated to our team at 1stWEST that they will move quickly to lock up portfolio companies that are a strategic fit,??? said John D. Wagner, Managing Director, 1stWEST M&A. ???There is a great deal of liquidity in the market and a readiness to deploy it for profitable companies, as we just witnessed with the acquisition of eCondoSystems by MRI Software.???
About 1stWest Mergers & Acquisitions
1stWEST Mergers & Acquisitions is full-service, international investment banking and advisory firm that is focused on the underserved lower middle-market of companies with sales of up to $100 million. The firm has built a unique business solutions platform of assisting owners and shareholders in selling their company, acquiring another business, or raising growth capital. With Managing Directors in the U.S., Europe, Mexico, Panama, Peru, Brazil, Argentina and Chile, 1stWEST M&A is uniquely positioned to serve its clients around the globe. Learn more: www.1stWestMA.com
Contact 1stWEST M&A Managing Director, John Wagner: (919) 796-9984, or email: j.wagner@1stWestMA.com .
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John D. Wagner