July 2, 2019

Meet the tech company that BlackRock just snapped up for $1.3bn

MIPIM Proptech Paris: It's every tech firm’s dream. You build up the business, you embed yourself in the market and then one of the biggest real estate asset managers in the world not only wants to acquire you, but does so for over $1bn. 
 
This is what happened to alternative investment management software provider eFront in May when BlackRock paid $1.3bn to acquire the Paris-based firm. EG spoke to eFront’s senior product manager Davide Manstretta at MIPIM Proptech in Paris to find out what’s next in the wake of the acquisition, to learn more about the development and the future of the technology behind eFront and to find out what BlackRock’s purchase could mean for the wider real estate sector. 

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