I am very pleased to announce that the company my friend Michael Wenglein and I have founded in 2010, Propertybase, has been acquired by Providence Equity.
The acquisition comes as part of a created strategic alliance, with a goal of sharing resources, synergies, industry talent and value between Propertybase and Boston Logic, another company of the Providence Equity portfolio.
The acquisition is the first in a series of planned acquisitions which all will be under the Propertybase brand. Drawing on Providence Equity’s resources, it’s looking to build real estate tech portfolios through further acquisitions.
