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Thomson Reuters to acquire property management co

US: Thomson Reuters, a leading source of intelligent information for businesses and professionals, has signed a definitive agreement to acquire Manatron from Thoma Bravo LLC, a private equity firm. Manatron’s software manages the entire property life cycle, which includes land registry, cadastral mapping, deed recording, land records, GIS integration, valuation, assessment administration, personal property, business licenses, cashiering, tax billing and collection, delinquents and tax sales and e-government. The completion of the acquisition is subject to standard regulatory approvals. The terms of the transaction were not disclosed.
Manatron will strengthen the expanding Tax & Accounting business with an additional 1,400 clients in over 20 countries and more than 40 US states. Manatron’s flagship solution, Government Revenue Management (GRM), is an integrated suite of web-based property recording, assessment and tax software that automates the operational, informational, and planning needs for assessors, auditors, treasurers, tax collectors and other government officials. Manatron’s software solutions are being used by governments to replace antiquated systems to help improve customer service, streamline processes and manage the growing velocity of legislative changes.
“The government tax automation space is a growing segment and a natural fit with our strategy to improve workflow efficiency for our clients through innovative technology,” said Brian Peccarelli, president of the Tax & Accounting business of Thomson Reuters. “Manatron has a great track record helping governments improve their collection and compliance processes, which improves accuracy, customer service and reduces costs associated with the collection process for all involved.” 
In addition to its market-leading property tax offerings, Manatron is also considered a leader in the provision of land administration systems — helping governments and the private sector map, audit, register and publicise the value of assets and land. As one of the only providers of end-to-end government property tax management and land administration systems, Manatron processes more than USD 100 billion in annual tax revenue.
Source: Thomson Reuters