MRI - David Bowie: MRI acquires Proptech Group
from The Proptech Podcast with Kylie Davis Hosted by Kylie Davis
We've got a really special episode for you today. Some of the most popular episodes of the Proptech Podcast this year have been interviews with Simon Baker, founder of The Proptech Group and one of the founding fathers of Australian proptech, and in a later episode Joe Hanna, CEO on running an ASX listed scaling Proptech. Completely separately, David Bowie, CEO of MRI Software also notched up a place in the top 10 discussing his vision to make a 30 year old Proptech future forward. So when MRI Software announced last month that they proposed to buy the Proptech Group we figured it was very big news for listeners. The deal - still to be approved by regulators - is at 60c a share giving Proptech Group a value of $93.4 million and all being well, it should go through in February 2023. It’s been part of a bigger acquisition strategy that MRI Software have been executing over the past 12 months under David, so we wanted to get him back on the show and hear more about it because it will significantly impact the shape of the Australian proptech landscape.
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