Global proptech company MRI Software has acquired Findspace, a marketing and leasing platform for commercial real estate. Based in Toronto and founded in 2009, Findspace Inc.’s customer base includes 40% of the top 25 owners and managers in the Canadian market.
Findspace enables clients with portfolios that range from 250,000 square feet to over 45 million square feet to fill open space faster and differentiate their businesses through a modern and easy-to-deploy platform, the company said. The solution provides real-time, integrated space listings for websites while supporting marketing efforts with visually appealing branded content and collateral.
“This acquisition significantly enhances our lead-to-lease solution for commercial property managers,” said Saurabh Abhyankar, MRI Software’s chief product officer. “It’s especially timely, given the end of lockdowns and an upswing in leasing activity as businesses reassess their space needs. By adding Findspace to our product offering, we can give our clients immediate access to a robust marketing solution that allows them to address increased demand while standing out in a crowded marketplace.”
MRI’s flagship property management solution in North America, Property Management X, already integrates with Findspace, allowing clients to easily publish data about vacant spaces directly from their back-office system into their property listing website. This integration is now available to MRI’s large commercial client base that manages over 20 billion square feet of space across North America.
MRI will leverage its global development capabilities to expand and enhance Findspace’s innovative solutions for leasing and property management professionals.
“In 2020, we joined MRI’s Partner Connect program because the two companies shared an open-and-connected approach,” said Alain Cohen, president and CEO of Findspace. “Like MRI, Findspace has a ‘clients-first’ philosophy that prioritizes flexibility and choice. That philosophy has enabled our clients to create unique branded experiences through every step in the lead-to-lease process. Now, as part of the MRI team, we can extend this approach to a larger pool of clients while expanding our geographic footprint.”
