EXCLUSIVE: Technology Blueprint acquired by Canadian software giant
Company that supplies PropCo estate and lettings software to Countrywide and Leaders Romans, is sold to Volaris Group, a Canadian software group.
Another UK property software company has been snapped up by a foreign software giant.
Estate and lettings software supplier, Technology Blueprint (TBL), which provides the PropCo lettings software platform to Countrywide, Leaders Romans, Ascend and Andrews among others, has been sold to Canadian software company Volaris Group.
Volaris Group is a division of Constellation Software, a huge Canadian technology group with a market capitalisation of CAD45bn. Volaris describes itself as a “buy and hold acquirer of software businesses.”
Companies House listings reveal that Kinetic Solutions Limited, headed by Volaris’s Chief Financial Officer, Brian Beattie, became a majority shareholder on 2nd August 2022.
Brian Beattie has been appointed director of Technology Blueprint Ltd along with Volaris Group Leader, Robert Turner.
Co-founder and Chief Commercial Officer of the Warwick-based tech company, Mark Howlett and the four other shareholding directors – Managing Director, Vik Tara, Co-founder Stuart Ledwich, Nicola Ledwich and Deepak Chandrababu – all resigned on 2nd August.
Commenting on the acquisition, Howlett said, “I am delighted about this new phase, it is something we have been working towards for a long time. This presents an excellent opportunity to go full steam ahead on our goal of digitally transforming the property industry.”
This presents an excellent opportunity to go full steam ahead on our goal of digitally transforming the property industry.”
Adam Blaxter Paliwala is the only TBL director to remain on the board. He has been with the company for eight years and takes on the role of Group CEO. He said, “We are thrilled to have joined Volaris, whose tried and tested formula delivers strong growth to companies like TBL and will enable us to accelerate the level of innovation we’ve already delivered to the market. Watch this space!”
In an announcement by TBL, the company states, “Joining Volaris gives TBL the opportunity to retain the company’s unique culture, while getting the support to maximise its potential for the long-term. TBL’s existing clients can be confident in the stability offered through Volaris’ buy and hold approach.”
It seems likely that some of the key officers will stay with the company in the immediate future at least.
PropCo follows Reapit and Qube property software platforms, to be acquired by giant overseas software conglomerates in recent times.
