Centerstone Software

About Centerstone Software

Centerstone Software, founded in 1999 and based in Hopkinton, Massachusetts, established itself as a provider of Computer-Aided Facility Management (CAFM) software. The company developed an integrated, web-based platform designed to manage the complete lifecycle of workplace business processes. This included space and facilities management, asset tracking, lease administration, and the handling of work orders and operations.

The firm's core product offered a visual and interactive solution for corporate real estate executives, facility managers, and their business partners. Key features included tools for space planning, move management, and comprehensive reporting capabilities with over 100 pre-formatted reports. The system was designed for scalability, serving organizations ranging from single-building operations to large enterprises with extensive real estate portfolios. A notable milestone for the company was securing $113 million in a Series D funding round on October 6, 2005, with lead participation from Egan-Managed Capital.

Centerstone Software's trajectory reflects a series of acquisitions within the real estate technology sector. The company was first acquired by Manhattan Software on December 15, 2006. Subsequently, the CenterStone product line became part of Trimble when it acquired Manhattan Software in August 2014. Most recently, in April 2021, MRI Software acquired the Manhattan real estate and workplace solutions business from Trimble, integrating the CenterStone CAFM solution into its own extensive portfolio of real estate software.