MRI Software

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 private equity firm GI Partners.[2] In 2017, MRI received additional strategic investment from TA Associates.[3] In 2020, Harvest Partners, LP, made a strategic investment in MRI, joining existing investors TA Associates and GI Partners.[4]

MRI Software, LLC
Private
IndustrySoftware
Cloud computing
Professional Services
Founded1971
Headquarters
Cleveland, Ohio
,
USA
Products
  • Property Management Software
  • Real Estate Accounting Software
  • Investment Management Software
Number of employees
1,600
Websitehttp://www.mrisoftware.com

MRI Software is headquartered in Solon, Ohio[5] with a total of ten offices in North America. The company has six offices in the EMEA region and four in APAC, including Hong Kong and Singapore.[6]

Products

MRI Software offers property management and accounting software for multi-family residential and commercial property, retail, office, and corporate real estate applications.

Awards
  • 2019 Realcomm Digie Award: Patrick Ghilani, MRI Software CEO, receives the Julie Devine Digital Impact Award[9]
  • 2019 Entrepreneur of the Year finalist - Patrick Ghilani, MRI Software CEO [10]
  • 2019 Aetna Workplace Well-Being Award[11]
  • 2019 NorthCoast 99 Award Winner[12]
  • 2019 Silver Stevie® Award for Large Computer Software Company of the Year - International Business Awards[13]
  • 2018 Silver Stevie® Award for Large Computer Software Company of the Year - International Business Awards [14]
  • 2018 Healthy Worksite Award - Healthy Ohio Business Council[15]
  • 2018 Crain's 52 Fastest-Growing Companies [16]
  • 2018 Crain's Cleveland Notable Women in Tech [17]
  • 2017 Crain's 52 Fastest-Growing Companies [18]
  • 2017 Northcoast 99 Award Winner (eleventh-time winner) [19]
  • 2017 Cleveland.com Northeast Ohio’s 150 Top Workplaces [20]
  • 2016 Northcoast 99 Award Winner [21]
  • 2016 Cisco Architecture Excellence Award [22]
  • 2016 OHTec Award for Best Software Product [23]
  • 2016 Healthy Worksite Award [24]
  • 2015 Northcoast 99 Award Winner [25]
  • 2015 OHTec Best of Tech Awards: Best Device/Application Innovation
  • Crain’s Cleveland 2014 Healthiest Employers [26]
  • Tops in Technology for Property Management Software and Portfolio Management[27]
  • Multi-Housing News 2013 Tech Choice Awards for Property Management Software and VaultWare Market Comps[28]
  • 2013 Northcoast 99 Award Winner [29]
  • 2014 Northcoast 99 Award Winner [29]

Mergers and Acquisitions
Date announcedCompany
2020-03-31Orchard Information Systems [30]
2020-01-08Lindsey Software [31]
2019-11-21Multifamily Insurance Partners [32]
2019-07-31Rockend [33]
2019-07-31LEVERTON[34]
2019-07-31ProLease[35]
2019-06-20Dynamic Lead Solutions [36]
2019-05-31Engage Property Technology [37]
2019-02-07CTM Software [38]
2019-02-14Rental History Reports & Trusted Employees (RHR/TE) [39]
2018-12-06Thesaurus Technology [40]
2018-11-07TCAM Asset Management [41]
2018-10-12IPM Software [42]
2018-07-12CML Software [43]
2018-07-04PropSys [44]
2018-03-08HAPPY Software, Inc.[45]
2017-12-14MDA Property Systems [46]
2017-10-17eCondoSystems [47]
2017-10-15HAB, Inc.[48]
2017-10-10Tenmast Software
2017-10-04Qube Global Software [49]
2017-09-20Real Asset Management (RAM) [50]
2017-02-06ResidentCheck, a Dallas-based provider of resident screening for the multifamily real estate industry.[51]
2016-10-04Callmax [52]
2016-06-10Integratec, a real estate investment management and reporting software and services provider based in Atlanta, Georgia.[53]
2015-02-06Cougar Software, a provider of real estate investment management software based in Toronto [54]
2011-12-21VaultWare (formerly Realty Data Trust)[55]
2011-06-27Workspeed [56]
2011-10-03Bostonpost [57]

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 Software and GI Partners Announce Strategic Partnership with TA Associates". Capital Software Group. Archived from the original on 8 May 2014. Retrieved 14 April 2011.
  4. "MRI Receives Investment to Accelerate Innovation and Global Growth". Yahoo! Finance. 15 January 2020.
  5. "MRI Software". Vista Equity Partners. Retrieved 14 April 2011.
  6. "MRI Office Locations - Contact Us". Retrieved 2013-09-17. Official website
  7. "MRI Software LLC: Private Company Information". Bloomberg Businessweek. Retrieved 14 April 2011.
  8. "MRI Software Company Website".
  9. "Congratulations to Our 2019 Digie Award Winners!".
  10. "Entrepreneur Of The Year East Central finalists". www.ey.com. Retrieved 2019-06-28.
  11. "Forty-One Aetna Middle Market Customers Have Won Workplace Well-Being Awards | CVS Health". cvshealth.com.
  12. "NorthCoast 99 – Winners". www.northcoast99.org. 23 August 2019.
  13. "Company / Organization Awards Winners | Stevie Awards". stevieawards.com.
  14. Software, M. R. I. "MRI Software Wins Silver Stevie® Award in 2018 International Business Awards® Winners to Be Celebrated at Gala Event on 20 October in London, England". www.prnewswire.com. Retrieved 2019-06-28.
  15. "2018 Awards List".
  16. "Crain's 52 Fastest Growing Companies". Crain's Cleveland Business. 2016-12-18. Retrieved 2019-06-28.
  17. "Patricia Capretto". Crain's Cleveland Business. 2018-11-10. Retrieved 2019-06-28.
  18. http://www.crainscleveland.com/event/crains/3383698/crains-52-fastest-growing-companies
  19. Software, M. R. I. "MRI Software Named One of Northeast Ohio's Top Workplaces". www.prnewswire.com. Retrieved 2019-06-28.
  20. Dealer, Plain (2017-06-20). "Northeast Ohio's 150 Top Workplaces 2017: The list". cleveland.com. Retrieved 2019-06-28.
  21. "MRI Software is a Proud Winner of Northeast Ohio's 99 Best Places to Work". PRWeb. Retrieved 2019-06-28.
  22. "Cisco Systems Selects MRI Software for a 2016 Cisco Architecture Excellence Award". PRWeb. Retrieved 2019-06-28.
  23. "MRI Version X Wins OHTec Award for Best Software Product". MarketWatch. Retrieved 2019-06-28.
  24. "2016 Healthy Worksite Award Winners".
  25. "MRI Software recognized as one of Northeast Ohio's 'Best Places to Work'". PRWeb. Retrieved 2019-06-28.
  26. "HEALTHIEST EMPLOYERS: MRI SOFTWARE LLC". Crain's Cleveland Business. 2014-05-04. Retrieved 2019-06-28.
  27. Waldman, Dan (April 2013). "CPE's 2013 Tops In Technology Awards: 2013 Winners". 27 (4). Yardi Systems: 21. Cite journal requires |journal= (help)
  28. "MHN Tech Choice Awards". Multi Housing News. Yardi Systems. 2013-09-20.
  29. http://www.northcoast99.org/winners.aspx
  30. "MRI Software broadens capabilities with Orchard Information Systems acquisition". www.prnewswire.com. PR Newswire. Retrieved 17 April 2020.
  31. "MRI Software acquires Lindsey Software to bolster its industry-leading public housing property management and compliance solutions". www.prnewswire.com. Retrieved 8 January 2020.
  32. "MRI Software Acquires Multifamily Insurance Partners to Help Apartment Owners Reduce Risk and Provide Reliable Protection for Consumers". www.prnewswire.com. Retrieved 21 November 2019.
  33. "PlaceTech | MRI Software acquires Leverton, ProLease + Rockend". PlaceTech. 2019-07-31. Retrieved 2019-08-05.
  34. "MRI Software Acquires AI Real Estate Pioneer LEVERTON to Turn Unstructured Data into Business Insights". www.businesswire.com. 2019-07-31. Retrieved 2019-07-31.
  35. Software, M. R. I. "MRI Software acquires ProLease to help corporate occupiers meet new global lease accounting standards and boost workplace management". www.prnewswire.com. Retrieved 2019-07-31.
  36. "MRI Software Acquires Dynamic Lead Solutions to Help Multifamily Real Estate Players Manage Customer Relationships". finance.yahoo.com. Retrieved 2019-06-28.
  37. GmbH, finanzen net. "MRI Software Acquires Engage Property Technology to Help Landlords Meet the Evolving Needs of Renters | Markets Insider". markets.businessinsider.com. Retrieved 2019-06-28.
  38. Software, M. R. I. "MRI Software Expands Solutions for Real Estate Agents with Acquisition of CTM Software". www.prnewswire.com. Retrieved 2019-06-28.
  39. "MRI Software acquires Rental History Reports and Trusted Employees". www.housingwire.com. Retrieved 2019-06-28.
  40. "MRI Software buys U.K. company Thesaurus Technology". Crain's Cleveland Business. 2018-12-06. Retrieved 2019-06-28.
  41. Software, M. R. I. "MRI Software Acquires TCAM Asset Management to Boost Affordable Housing and Investment Management Expertise". www.prnewswire.com. Retrieved 2019-06-28.
  42. "MRI Software buys affordable housing proptech company IPM Software". www.housingwire.com. Retrieved 2019-06-28.
  43. GmbH, finanzen net. "MRI Software Expands UK Residential Proptech Offerings with Acquisition of CML Software | Markets Insider". markets.businessinsider.com. Retrieved 2019-06-28.
  44. Software, M. R. I. "MRI Software Acquires PropSys, Cementing Position as South Africa's Leading Provider of Commercial Real Estate Software". www.prnewswire.co.uk. Retrieved 2019-06-28.
  45. Software, M. R. I. "MRI Software Acquires HAPPY Software, Inc., Creating a Public and Affordable Housing Tech Powerhouse". www.prnewswire.com. Retrieved 2019-06-28.
  46. Software, M. R. I. "MRI Software Acquires MDA Property Systems, a Leader in Real Estate Software for the African Market". www.prnewswire.com. Retrieved 2019-06-28.
  47. "MRI Software Acquires eCondoSystems | Mergr". mergr.com. Retrieved 2019-06-28.
  48. Klammer, Ron. "MRI Software LLC acquired HAB, Inc". Technology Investment Banking. Retrieved 2019-06-28.
  49. Software, M. R. I. "MRI Software Acquires Qube Global Software, a Leading UK-based Provider of Property and Facilities Management Solutions". www.prnewswire.com. Retrieved 2019-06-28.
  50. "MRI Software, a real estate software solution provider, acquires Real Asset Management (RAM), a UK asset management software supplier, for an undisclosed sum, to bring fixed asset accounting capabilities to its offering and expand its European footprint". www.verdantix.com. Retrieved 2019-06-28.
  51. "MRI Software Announces Acquisition of ResidentCheck". PRWeb. Retrieved 2019-06-28.
  52. "MRI Software Announces Acquisition of CallMaX". PRWeb. Retrieved 2019-06-28.
  53. http://www.crainscleveland.com/article/20160610/NEWS/160619976/mri-software-buys-atlanta-based-real-estate-software-firm
  54. Solon-based MRI Software purchases Cougar Software of Toronto, Cleveland Business February 6, 2015
  55. "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
  56. "MRI Software Announces Workspeed Merger" (Press release). 2011-06-27. Retrieved 2013-09-18.
  57. "MRI Software Announces Acquisition of Bostonpost Technology" (Press release). 2011-10-03. Retrieved 2013-09-18.
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