Sydney, Australia – 13 January 2022 – Lee Trevena’s LeaseEagle, an Australian-based leader providing technology solutions for commercial property has been acquired by MRI Software for $15 million .
Seed funds were raised for this startup in 2005 - with investors being ADI (venture capital arm of BSI ) and Information City .
What it does
LeaseEagle’s software is used by over 185 clients to manage over 50,000 locations across Australia, New Zealand and South Africa.
It helps commercial tenants manage lease commitments across multiple real estate assets. The cloud-based platform
- reduces the risk of missing critical lease dates ,
- makes detailed occupancy analysis simple and provides data-driven reporting for better decision making,
- saves time and improves accuracy with automated invoicing and
- significantly increases business process efficiency.
LeaseEagle provides organisations with the ability to centralise all lease and franchise information, gain real-time reporting and integrate process automation.
Lee Trevena shares a powerful message to his stakeholders
“On behalf of Jason and myself thank you for being such an important and foundational part of the Synetek/LeaseEagle journey to see it arrive to this point. Even after a few days working with MRI myself and the Exec Team are more convinced than ever that MRI is the right home to take LeaseEagle forward into the future. They will provide our customers the best of both worlds by giving them access to some of the world’s best real estate expertise, innovation, client service and support resources while maintaining everything they know and love about LeaseEagle,”
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