Estate agency software firm Qube Global Software – whose roots in the UK stem from SPA Miscrosystems which launched the ground-breaking Aspasia – has been bought for an undisclosed sum by global firm MRI Software.

The acquisition means that MRI now serves 5,500 clients with a global team of over 1,000 employees, including 350 in the UK.

It is one of the largest proptech firms in both the UK and in Europe as a whole.

MRI CEO Patrick Ghilani said: “The union of MRI Software and Qube Global Software establishes a technology powerhouse.”

Qube serves both commercial and residential agency sectors in the UK, including lettings.

Aspasia pioneered cloud-based systems to agents, and was launched by SPA Miscrosystems.

Trevor Youens – who was previously with Chancellors estate agents and then Live – was appointed managing director of SPA in 2009.

SPA was sold to Qube, itself a global entity, in 2012.

In May this year, Youens was announced as managing director of residential solutions – a new role – at Qube.

Yesterday, he told EYE that after the sale of Qube to MRI, it was very much “business as usual”.