US-based MRI Software snaps up UK property tech provider

US-based MRI Software, a real estate software specialist, has snapped up UK-based Qube Global Software.

Following MRI's acquisitions of Qube and Real Asset Management, which was announced last month, the combined company now serves 5,500 clients with a global team of more than 1,000 employees.

MRI's 350 employees in the UK make it one of the largest property tech providers in the country, and in Europe as a whole, it says.

"The global real estate sector is growing at unprecedented rates, with investors and capital seamlessly crossing borders and spanning continents," said Patrick Ghilani, Chief Executive Officer of MRI Software.

"The union of MRI Software and Qube Global Software establishes a technology powerhouse to support investors, agents, and occupiers globally and locally.

"By uniting MRI's strength and history in North America with Qube's European market expertise, along with both companies' long-standing Asia-Pacific footprint, we are positioned to address the varying needs of the global real estate market with a comprehensive and flexible portfolio."

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