The Biggest & Best Portal to the Professional Property, Workplace and Built Environment Community

Saturday, 24 February

Squaring It With Qube

MRI Software has acquired Qube Global Software, a UK based provider of property and facilities management Solutions.

The acquisition, according to MRI, extends the company's global reach, expands its offerings for real estate investors, managers, occupiers, and tenants and provides a greater scale for innovation and development.

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 real estate tech providers in the country, and in Europe as a whole.

"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, managers, 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."

Qube's property and financial management capabilities, as well as facilities management, integrated workplace management systems and space management solutions, complement MRI's existing offerings and provide greater choice and flexibility for the combined company's worldwide client base.

Qube's property management offerings serve both the commercial and residential real estate sectors, including rentals, which is experiencing increased demand in the UK. The acquisition also provides Qube clients access to MRI's financials and investment suite, including solutions for asset management, scenario modelling and investor relations.

Picture: MRI Software has acquired Qube Global Software, a UK based provider of property and facilities management Solutions

Article written by Cathryn Ellis

Share



Related Articles

Getting Sporty - Sodexo In Major Transfer Deal

Sodexo and Olympus Partners has announced (Nov 15) that Sodexo has signed an agreement to acquire Centerplate, Inc. a provider of food and beverage, merchandise and...

 Read Full Article
Sinking Feeling Over Leisure Facilities

Leisure centres could fall into a state of disrepair and even be forced to close without urgent new investment from government, councils have warned. The Local...

 Read Full Article
FM - Here Is THE News

BBC - Here is the News The Beeb will continue receiving its FM from Interserve in a £140 million contract running until 2023. This latest four-year extension to...

 Read Full Article
About Time For That AI Conversation

“The time is ripe, even overdue, to take a cold, hard look at what a highly disruptive technology could do to the industry.” So says the latest...

 Read Full Article
Innovation Boosts FM Market in 2017

A new report on the UK facilities management market has found a softening of growth in outsourcing demand as Brexit jitters continue, though forecasts remain above GDP...

 Read Full Article
Ground Control to Major Deal

Ground Control has strengthened its winter maintenance capabilities through the acquisition of Litter Boss, claiming the acquisition of increases nationwide economies of...

 Read Full Article
Bidvest Group Acquires Noonan

The Bidvest Group has completed an agreement with the majority shareholder in Noonan, Alchemy Partners LLP, which will see Bidvest acquire the entire shareholding in...

 Read Full Article
NOW That's What I Call Remote Working

London City Airport is to become the first UK airport to install a digital air traffic control tower – operational in 2019. The digital solution is a multi-million...

 Read Full Article
Condeco - All's Swell

What's happening over at Condeco Software? asked ThisWeekinFM in a recent Grapevine as we were surprised to hear Debra Ward EMEA Managing Director had parted...

 Read Full Article
Oh So Connected

Friday October 14 saw Asset Mapping connect a secure Internet of Things gateway to the BMS of Citylabs. Since then, it has been receiving a constant stream of live data...

 Read Full Article