Portfolio Company Manatron Buys Beyond Appraisal
Manatron Buys Beyond Appraisal
Manatron Inc., a portfolio company of Thoma Bravo, has acquired Beyond Appraisal, a Grapevine, Texas-based provider of mass appraisal software. No financial terms were disclosed.
Manatron, Inc., a global leader in integrated property tax and records management software for state and local governments, today announced its acquisition of Grapevine, Texas-based Beyond Appraisal. Terms of the acquisition were not disclosed.
The acquisition reflects Manatron’s continued expansion in and commitment to the Texas market, bringing the company’s total number of Texas clients to 34. It also effectively doubles the number of Texas parcels Manatron’s software manages to nearly four million.
Beyond Appraisal was formed 12 years ago to develop, sell, and support computer-aided mass appraisal (CAMA) technologies and other related products and services to government property tax assessment organizations, state and local government agencies, commercial property appraisal companies and lending institutions. Beyond Appraisal has built a strong presence in the Texas market, with 10 Texas county appraisal districts operating the company’s CAMA software, including the Dallas Central and Tarrant Appraisal Districts.
With its Government Revenue Management® (GRM®) software suite, Portage, Mich.-based Manatron is the national leader in property tax, assessment, appraisal and recording software. Manatron’s GRM software is used by more than 1,400 jurisdictions in 40 US states, Canada, South Africa and the Caribbean to collect more than $100 billion in tax revenues each year.
“We are extremely pleased to add a company of Beyond Appraisal’s depth and reputation,” said Bill McKinzie, Manatron president and CEO. “We look forward to leveraging the collective strengths of both companies in bringing powerful technologies, responsive support and products to our Texas customers.”
McKinzie added: “During the past five years, Manatron has grown its Texas footprint and earned a solid reputation for our technology and support. This acquisition represents an important next step in Manatron’s continued commitment to serving the unique needs of this market.”
Manatron noted Beyond Appraisal’s office will remain based in Grapevine, and will retain its current staff, with Kurt Myers continuing to lead the company as director of operations for Texas.
“We are excited to become a part of an industry leading company that is Manatron,” said Myers. ”It will be business-as-usual for all Beyond Appraisal clients and they will continue to enjoy the same one-on-one responsiveness that they have come to expect, with the added technologies and resources only Manatron can provide.”
About Manatron, Inc.: Manatron, a privately-held company and an investment of private equity firm Thoma Bravo, LLC, provides software and services for state and local governments to completely, fairly and efficiently assess real and personal property, and to bill and collect the related property taxes in their jurisdictions. Manatron’s software manages the entire property life cycle, which includes deed recording, land records, CAMA, GIS (Geographic Information System) integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales and e-government. Professional services consist of backfile conversion and redaction, disaster preparedness, data conversions, installation, training, project management, hardware maintenance, forms processing and printing, and consulting. Manatron is headquartered in Portage, Michigan and has offices throughout the United States. Manatron currently serves over 1,400 customers and manages approximately 40 million parcels. Most importantly, over the last forty years, our software has helped government jurisdictions collect over one trillion dollars in revenue.
About Beyond Appraisal: Beyond Appraisal, Inc. is a Texas-based appraisal technology company that develops, sells, and supports computer-aided mass appraisal (CAMA) technologies and other related products and services to government property tax assessment organizations, state and local government agencies and commercial property appraisal companies. Beyond Appraisal overhauls the traditionally archaic, paper-based, inefficient and highly unproductive appraisal process by providing customers with a fully automated field and office appraisal system, called “MARS” (Mass Appraisal Records System) that integrates all the components of the real property appraisal process. The primary focus of the company is to provide CAMA/GIS solutions to other appraisal districts within Texas. Beyond Appraisal is headquartered in Grapevine, Texas, and currently serves 10 appraisal districts in Texas that range in size from 35,000 to 900,000 parcels.