Blog August 27, 2020

MRI Software is proud to be on the Inc. 5000 list of fastest growing private companies

By Chris Vroman

For the past 49 years, MRI Software has taken its label as a pioneer of real estate software seriously, and as a result, we’ve never stopped pushing forward. We’re proud to have been named to the Inc. 5000 list of fastest-growing private companies in the United States. The list, compiled by Inc. Magazine, is regarded as the definitive ranking of the nation’s most successful independent businesses based on revenue growth from 2016 to 2019. MRI Software increased its revenue by 161% during this time, even as we prepare to celebrate five decades of service.

The Inc. 5000 list is often filled with exciting new companies that are at the beginning of their corporate journeys. To be included in this list after almost half a century of operation shows not only continued demand for our open and connected software solutions, but also, a sizable growth made possible by the innovation, hard work, and excellence MRI Software has championed throughout its lifetime. We’re extraordinarily grateful to the teams across MRI who have always been united as a global community to drive the business forward. Together, the MRI family has been expertly executing the strategic growth plan that our CEO, Patrick Ghilani outlined six years ago, which prioritized new technology innovations, expansion into key markets and geographic growth. Some highlights of our recent accomplishments include:

New solutions for the single experience platform

In line with MRI’s mission to transform the way communities live, work, and play, the company announced a range of new solutions in 2019 that further enhance MRI’s open and connected platform. These new products bring advanced payment, lead management, AI-powered lease abstraction and secure signature capabilities to MRI’s comprehensive solution set.

Product innovation and market expansion

Over the past several years, MRI has strengthened its commitment to innovation for the affordable housing sector. In 2019, MRI launched MRI Affordable Housing, a property management and compliance solution for owners and operators of affordable housing and mixed portfolios in the US. The new software offers a modern, intuitive user experience to a historically underserved market that can benefit greatly from specialized industry-specific technology. Today, MRI’s software supports government-subsidized housing providers in the US, UK and Australia.

Global growth

MRI users conferences have been the catalyst for collaboration, community and innovation, bringing together clients and partners in one unique open ecosystem. With an expanded global presence and clients operating in nearly every corner of the world, MRI transformed its conference schedule from one major event – the MRI International Users Conference – to several region-specific conferences called MRI Ascend. Between 2019 and 2020, MRI Ascend users conferences were held in the US, UK, South Africa and Australia, serving the local needs of MRI clients in the region.

Awards and recognition

While these accomplishments help to form the basis of MRI’s unprecedented growth, our success has been recognized several times over by organizations such as ERC, Cleveland Plain Dealer, Realcomm, International Business Awards, and even Aetna. MRI CEO Patrick Ghilani was honored as a real estate industry leader when he received the Julie Devine Digital Impact Award from Realcomm, became a finalist for Ernst & Young’s Entrepreneur of the Year Award, and was recognized by the Northeast Ohio Smart 50 Awards.

In the past few years, MRI’s global employee base has rapidly increased to nearly 2,000 professionals. With ongoing demand for open and connected software, our growth shows no signs of slowing down. We’re always looking for smart people to join our team, so check out our career opportunities and learn more about our award-winning culture.

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17000+

clients

10m

units

2.3m

leases

140+

partners

170+

countries