I am very pleased to announce that the company my friend Michael Wenglein and I have founded in 2010, Propertybase, has been acquired by Boston Logic. The partnership acquisition comes as part of a created strategic alliance, with a goal of sharing resources, synergies, industry talent and value between both companies. Both Propertybase and Boston Logic will continue to offer their products and services under their same brands.
The Propertybase / Boston Logic acquisition is the first in a series of planned acquisitions. Boston Logic became Providence Equity’s “platform for acquisition” of real estate software after the private equity firm, which has $50 billion in capital under management, made an undisclosed investment in Boston Logic last year. Drawing on Providence Equity’s resources, it’s looking to build real estate tech portfolios through further acquisitions.
More on our company blog: https://www.propertybase.com/blog/propertybase-acquired-by-boston-logic-to-expand-client-offerings