MRI Software Named to Inc. 5000 List of Fastest-Growing Private Companies for Fourth Time

Achieves Three-Year Revenue Growth of 73%

Solon, Ohio – August 22, 2024 – MRI Software, a global leader in real estate software and services, was named to the annual Inc. 5000 list of fastest-growing private companies in America for the fourth time. The list, compiled by Inc. magazine, is regarded as the most prestigious ranking of the fastest-growing private companies in America, calculated according to revenue growth over the preceding three-year period. MRI Software increased its revenue by 73% during this time.

“It’s always a privilege to be included in this list, but in many ways, this time feels a bit more special,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “The three years this honor represents were among the most challenging times in the history of commercial real estate, but together as an industry, we continue to overcome them. Today, MRI is stronger than ever, and we’re succeeding in our objective: To give our clients the tools they need to navigate the ups and downs of the market effectively and profitably.”

Between 2020 and 2023, MRI announced a number of enhancements to its portfolio across all areas of its business, spanning residential, commercial and corporate real estate. Highlights include:

• Unveiling MRI’s next-generation flagship product, Property Management X^TM, along with a first-of-its-kind mobile app that allows users to access essential tenant, lease and vendor data instantly.
• Enhancing several products and services, including:
  • a residential portal and AI-powered chatbot in the MRI Living® suite.
  • a commercial tenant portal in the MRI @Work® suite.
  • footfall and visitor analytics, lease accounting, and energy management solutions in the MRI @Work for Occupiers suite.
• Helping define the OSCRE Industry Data Model™ and adopting those standards into the MRI Agora^TM platform, designed to drive strategic decision-making and ease of data integration. MRI was the first PropTech firm to incorporate the model.
• Establishing National Property Managers’ Day (September 23rd), which shines a spotlight on property managers’ mental health and wellbeing.
• Launching Trendspotter, a source of complementary industry data, insights, and trends.
• Receiving a designation in IDC’s MarketScape as a leader in worldwide SaaS and cloud-enabled lease accounting and administration applications.
• Donating more than $480,000 from the MRI Software Foundation to support organizations that strengthen education and housing.

Additionally, the company continued to grow its footprint across three continents, increasing its staff by 118% worldwide. The MRI Partner Connect program added more than 100 new members from 2020-2023 and significantly expanded its footprint of partners globally through increased resource investment in each region (NA, EMEA, APAC) to help develop and foster new partnerships.

Finally, the MRI Ascend users conference, which is hosted in multiple regions, including APAC, EMEA and North America, continued to attract large audiences over several years despite the effects of the pandemic. MRI’s next Ascend event takes place in San Diego this October.

About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers agents, owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide, including the public and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realize their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.

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