MRI Software

MRI Software, LLC
Private
Industry Computer software
IT Services
Founded 1971
Headquarters Cleveland, Ohio, USA
Number of locations
 7
Products
  • Property Management Software
  • Real Estate Accounting Software
  • Investment Management Software
Number of employees
 1,300
Website http://www.mrisoftware.com

MRI Software, LLC is a provider of real estate and investment management software to real estate owners, investors, and operators. The company was founded in 1971 under the name Management Reports Incorporated and was later known as Management Reports International and, once acquired by Intuit in 2002, Intuit Real Estate Solutions (IRES). In 2009, the private equity firm based in San Francisco, Vista Equity Partners, acquired IRES and renamed the company MRI Software.[1] In 2015, MRI Software was acquired by GI Partners.[2] MRI’s software has been installed over 4,500 times in five continents and in 41 countries.[3]

MRI Software is headquartered in Solon, Ohio[4] with additional offices in Atlanta, Georgia; Dallas, Texas; North Sydney, Australia; London, UK; Hong Kong; Singapore, and Toronto, Ontario, Canada.[5][6]

Products

MRI Software offers property management and accounting software for multi-family residential and commercial property, retail, office, and corporate real estate applications. MRI provides automation in the areas of investment analysis, budgeting, forecasting, portfolio analysis, fund and lease accounting, commercial management, and operations and financials, as well as accounts payable, facility management, general ledger, job costing, reporting, affordable housing, asset management, purchase order, web portal, and web design.[5]

Awards

  • 2016 Crain's 52 Fastest-Growing Companies [7]
  • Commercial Property Executive 2013 Tops in Technology for Property Management Software and Portfolio Management[8]
  • Multi-Housing News 2013 Tech Choice Awards for Property Management Software and VaultWare Market Comps[9]
  • 2013 Northcoast 99 Award Winner (7-time winner)[10]
  • 2014 Northcoast 99 Award Winner (8-time winner)[10]

Mergers and Acquisitions

During 2011, MRI Software acquired building operations company Workspeed,[11] the affordable-housing company Bostonpost,[12] and the apartment marketing and leasing company VaultWare (formerly Realty Data Trust).[13]

In 2015, MRI Software acquired Cougar Software of Toronto.[14] In June 2016, MRI Software acquired Integratec, a real estate investment management and reporting software and services provider based in Atlanta, Georgia.[15] In October 2016, the company acquired CallMaX, a Kennesaw, Georgia-based provider of call, voice, and digital communications solutions for the multifamily industry. In February 2017, MRI Software acquired ResidentCheck, a Dallas-based provider of resident screening for the multifamily real estate industry. MRI acquired Qube Global Software in October 2017

References

  1. ↑ Jarboe, Michelle (2010-01-19). "Private equity firm closes Intuit deal, renames real estate division MRI Software". Cleveland.com. Retrieved 14 April 2011.
  2. ↑ "GI Partners to Acquire MRI Software". PR Newswire. 3 June 2015. Retrieved 3 June 2015.
  3. ↑ "MRI Property Management Software". Capital Software Group. Archived from the original on 8 May 2014. Retrieved 14 April 2011.
  4. ↑ "MRI Software". Vista Equity Partners. Retrieved 14 April 2011.
  5. 1 2 "MRI Software LLC: Private Company Information". Bloomberg Businessweek. Retrieved 14 April 2011.
  6. ↑ "MRI Office Locations - Contact Us". Retrieved 2013-09-17. Official website Edit this at Wikidata
  7. ↑ http://www.crainscleveland.com/event/crains/3383698/crains-52-fastest-growing-companies
  8. ↑ Waldman, Dan (April 2013). "CPE's 2013 Tops In Technology Awards: 2013 Winners". 27 (4). Yardi Systems: 21.
  9. ↑ "MHN Tech Choice Awards". Multi Housing News. Yardi Systems. 2013-09-20.
  10. 1 2 http://www.northcoast99.org/winners.aspx
  11. ↑ "MRI Software Announces Workspeed Merger" (Press release). 2011-06-27. Retrieved 2013-09-18.
  12. ↑ "MRI Software Announces Acquisition of Bostonpost Technology" (Press release). 2011-10-03. Retrieved 2013-09-18.
  13. ↑ "MRI Software Announces Acquisition of VaultWare" (Press release). 2011-12-21. Archived from the original on 2013-09-27. Retrieved 2013-09-18. Official website Edit this at Wikidata
  14. ↑ Solon-based MRI Software purchases Cougar Software of Toronto, Cleveland Business February 6, 2015
  15. ↑ http://www.crainscleveland.com/article/20160610/NEWS/160619976/mri-software-buys-atlanta-based-real-estate-software-firm
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