Thoma Bravo, the Chicago-based private equity firm, acquired Manatron Inc., a property tax and records management software data system based in Michigan to integrated into its International Land Systems asset. Based in Maryland, International Land Systems will integrate Manatron International into its platform as a separate division. Terms of the deal were not specified.
PRESS RELEASE:
PORTAGE, MI – January 10, 2010 – Manatron, Inc., a global leader in integrated property tax and records management software for state and local governments, today announced it has acquired International Land Systems (ILS) Inc., creating a new division: Manatron International. The acquisition was led by private equity firm Thoma Bravo, LLC. Financial terms were not disclosed.
Founded in 1996 and headquartered in Silver Spring, Md., ILS provides land management and land administration software systems and professional services to government clients in the U.S. and internationally, as well as private sector and non-governmental organization (NGO) clients worldwide.
ILS is considered a leading expert in legal international cadastre systems – a government’s public records and registries of land ownership, value and extent for legal and taxation purposes. The company designs, develops and markets a number of land management and land administration software products. ILS has deployed software and provided services and training in more than 30 countries worldwide including: China, Qatar, Jamaica, Ukraine, United Kingdom, Germany, Ghana, and the United States. The company has offices located in Kiev, Ukraine and Cochabamba, Bolivia.
“This is a very exciting acquisition for Manatron, as ILS immediately expands our business into the international market space,” said Bill McKinzie, president and CEO of Manatron. “With ILS, Manatron will establish an international operating division within the company, Manatron International. In addition, Peter Rabley brings with him over 20 years of international property experience as well as a strong management team and skilled staff.”
McKinzie added: “ILS has unmatched expertise in the area of international cadastre and registry systems. That insight fits well with Manatron’s established expertise in the valuation aspects of cadastral systems – what is located on the land and the value of that asset (e.g. house or business, garage, etc.). Operating as one company, we can seamlessly go from providing systems that document legal property ownership to systems that value the property and its structures, giving governments the information they need to effectively tax properties. We will offer the only truly ‘complete’ land records solution on the market.”
Peter Rabley, president and CEO of ILS, will become part of the executive leadership team at Manatron and will serve as executive vice president, Manatron International. ILS has a staff of approximately 85 employees located in three countries who joined Manatron effective December 31, 2010.
Rabley added: “I am pleased that my team and I are able to join a company of Manatron’s reputation and financial strength. Our clients will certainly benefit from the additional resources and expertise Manatron has, particularly in the area of property valuation and taxation systems. The acquisition only strengthens our position as a global leader in integrated land administration software and services.”
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, 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 data conversions, installation, training, project management, hardware maintenance, forms processing and printing, consulting and appraisal services. Manatron is headquartered in Portage, Michigan and has offices throughout the United States. Manatron currently serves over 1,500 customers and manages approximately 40 million parcels.
More information about Manatron, Inc. is available at the Company’s websitewww.manatron.com.