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CBRE acquires American PropTech business

CBRE Group has acquired proprietary technology business, Mainstream Software, which provides mobile and software-as-a-service (SaaS) technology solutions for facilities management operations for an undisclosed sum.

Based in Twinsburg, Ohio, the purchase will enable CBRE’s Global Workplace Solutions (GWS) to expand its offering in the area of digital and technology-enabled services.

Mainstream currently supports over 90,000 users, including many CBRE facility managers, clients and vendors. The business processes millions of facility work orders each year, supporting tenant work requests, reactive and preventive maintenance scheduling, and analytics for facilities in 50 countries.

Already responsible for collating a significant portion of CBRE’s work order volume, Mainstream will now become a permanent resource in CBRE’s suite of technology products.

Chandra Dhandapani, CBRE’s Chief Digital & Technology Officer, commented:

“Owning a suite of key enablement technologies is an integral part of CBRE’s strategy. Mainstream fits perfectly with this strategy and our combined product vision will further enable our professionals to operate more efficiently and provide superior experiences and outcomes for our clients.”

Matt Werner, President, GWS Enterprise Facilities Management, CBRE, aded:

“Mainstream’s technology has delivered excellent results for our clients, colleagues, and supplier partners consistently for 15 years. By acquiring this organisation we are bringing a trusted partner into our company, ensuring that CBRE’s scale, expertise, and ability to invest will continue to support and strengthen this technology, creating advantage for our clients going forward.”

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