On Wednesday 15th April, Castleton Technology announced that it had received a takeover offer from MRI Software Limited. MRI is a global provider of real estate software applications and hosted solutions with a proven track record of providing scale, support and financial resources to its partners.
The combined group will be well equipped to address the varying needs and evolving business models of the UK and Australian social housing sectors, with a comprehensive and flexible product portfolio, enabling Castleton to offer a more attractive proposition to its customers over the long term.
Since its inception in 2013, Castleton has grown significantly, both organically and via strategic acquisitions, bolstering its offering and furthering its international reach, to become a leading supplier of complementary software and managed services to the social housing and adjacent contractor markets in the UK and Australia. MRI will provide the investment needed to take advantage of the shifts in the social housing industry, such as the gradual move to cloud-based offerings, further developing the cloud capabilities and UI of Castleton’s solutions, therefore enabling Castleton to provide the best offering to its customers.
We look forward to continuing to offer a broad range of services, addressing your needs both now and in the future.
If you would like to discuss this, please don’t hesitate to get in touch with your Account Manager.
About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organisations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.