Grainger PLC Selects MRI’s Property Accounting and Financial Management Solutions as Part of its Digital Transformation

Another UK Residential Real Estate Giant Chooses MRI’s Open and Connected Platform as Grainger Leverages Automation and Scalability for Rapid Growth

SOLON, Ohio – April 24, 2018 – MRI Software, a global leader in real estate software solutions, today announced that Grainger plc, the U.K.’s largest listed residential landlord, has selected MRI Software’s open and connected property accounting and financial management platform to support its digital transformation and help power its expanding portfolio.

Grainger plc is the U.K.’s largest listed residential landlord, with a portfolio of 9,000 residential properties valued at £2.7 billion. Grainger has major growth plans with a commitment to invest a further £850 million into purpose-built rental housing in the U.K. by 2020.

As Grainger has shifted its portfolio toward the emerging U.K. build-to-rent market in recent years, the company has announced intentions to build a scalable technology foundation to enable its efficient, rapid growth in the sector. A first step in Grainger’s digital transformation is to deploy an open and extensible core real estate management platform to automate business processes and enable scalability without increasing administrative overhead. Grainger also needs the ability to easily integrate software from third-party vendors as it continues to build its customer-facing technology solution, complementing MRI’s open software strategy.

“At Grainger, we take pride in developing, owning and operating our properties,” said Michael Robinson, Business Technology Director at Grainger. “So, naturally, we need a proptech solution that is tailored to our unique needs and that will protect our competitive advantage. Choosing the right technology is critical as it underpins our growth plans, allows us to build an outstanding customer experience and helps control overheads and costs. We chose MRI’s property and financial management suite as we believe its open and connected approach will provide a robust core upon which to build the Grainger business and our range of digital platforms.”

The MRI solutions suite selected by Grainger includes Residential Management, a full Financials suite with AP Automation powered by Nexus Systems and Fixed Asset Accounting, as well as Facilities Management solutions.

“The future of software is open and connected,” said Dermot Briody, Executive Director for Europe at MRI Software. “Grainger’s selection of our platform demonstrates how our approach is resonating in the rapidly growing European property sector. Adopting a customer / tenant centric approach while securing an efficient management platform is critical for real estate organizations as the build-to-rent market continues to expand in Europe. Our partnership with Grainger is a testament to our capabilities in that regard.”

About Grainger PLC
Grainger, a FTSE250 business, is the UK’s largest listed residential landlord. Established in 1912, Grainger prides itself as a leading, responsible and long-term landlord. A market leader in the UK private rented sector (“PRS”) and at the forefront of the build to rent sector, Grainger invests in and provides long term, purpose-built, rental homes across the UK. Grainger has a portfolio of residential rental property assets worth over c. £2.7bn and has pledged to invest over £850m into the PRS by 2020 with £690m secured to date.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACT:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541.207.3461

MRI Software bolsters European presence with new executive appointment

Following two major acquisitions in the region in late 2017, MRI Software has announced the appointment of its first-ever Executive Managing Director for Europe.

Experienced enterprise software leader Dermot Briody will head up the company’s operations in the region, and becomes responsible for MRI’s existing European footprint as well as Qube Global Software and Real Asset Management (RAM) which became part of MRI last September.

“The alignment of three industry-leading, award-winning companies in MRI, Qube and RAM is a tremendously exciting prospect for all involved,” said Briody.

“It expands our offering for property investors, agents, occupiers and tenants, while also providing greater scale for innovation and development. By bringing together the best of several renowned brands and products in our industry, we can proudly call ourselves the premier commercial real estate technology provider in EMEA.

“We look forward to what the future holds, as we deliver continued excellence to our combined client base here, now and for many years to come.”

With the inclusion of another acquisition – MDA Property Systems of South Africa – MRI now serves in excess of 2400 clients in wider EMEA, with the increased capabilities and expertise resulting in an even more comprehensive suite of solutions available.

The MRI Software family of companies offers powerful property management and accounting tools alongside a sophisticated suite for managing the end-to-end investment lifecycle. This is further enhanced by comprehensive corporate occupier and facilities management functionality, creating a flexible portfolio to meet the widest range of real estate technology requirements.

MRI Software: Local roots, global presence
MRI’s expanded presence in EMEA makes it a truly global company, with a far-reaching worldwide footprint that also covers the Americas and APAC. Across the world, upwards of 1200 employees serve more than 6600 client organisations representing a wide variety of real estate industry sectors.

While its operations make it one of the biggest companies of its kind, experienced and knowledgeable regional teams offer a personalised approach – with shared values that promote open and connected technology platforms to maximise choice and flexibility for clients.

MRI in Europe is one of the driving forces behind this unrivaled technology powerhouse – one that is uniquely positioned to address the varying needs of the real estate market in the region and beyond.

PR Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

MRI Software Acquires HAPPY Software, Inc., Creating a Public and Affordable Housing Tech Powerhouse

Third PHA Software Acquisition Expands MRI’s Solutions for Public Housing Authorities and Housing Choice Voucher Programs

Solon, Ohio – March 8, 2018 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of HAPPY Software, a provider of innovative housing solutions and services for public housing authorities in the United States. With this acquisition, MRI’s third within the public housing space in just five months, the company now serves nearly 35 percent of U.S. public housing authorities.

Based in Saratoga Springs, New York, HAPPY Software provides property management solutions to more than 465 housing agencies of every size, administering Public Housing and Housing Choice Voucher programs. HAPPY’s suite of fully configurable, web-based portal solutions help housing authorities more effectively manage key functions such as applicant and waitlist tracking, tenant screening, and online payment handling.

“For two decades, HAPPY Software has built a standard for excellence culminating in today’s impressive 98 percent client retention rate,” said David Carner, Senior Vice President of Residential Solutions at MRI Software. “The addition of HAPPY to the MRI Software family represents another milestone in our strategy to provide world-class technology solutions to the public housing sector while further scaling our footprint in the market. We intend to continue supporting HAPPY’s solution set and extend its portal offerings to our existing PHA clients, while also leveraging HAPPY’s expertise to develop a next-generation, web-based platform for the public and affordable housing market.”

In October of 2017, MRI announced the acquisitions of Tenmast Software and HAB, Inc., providers of PHA and private affordable housing management software. Taken together, MRI’s three public housing acquisitions, in addition to the company’s Affordable Housing Bostonpost solutions, make MRI a major force in the U.S. public and affordable housing software markets.

“Our mission at HAPPY Software has always been to provide public housing organizations with the very best software solutions and the highest level of service,” said Joe Mastrianni, Chief Executive Officer and founder of HAPPY Software. “Joining forces with MRI is a continuation of that mission, bringing a deep reserve of resources and innovation to develop feature and functionality enhancements that will even better serve the industry.”

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

About HAPPY Software
HAPPY Software is a rapidly growing company based in Saratoga Springs, NY that has been providing innovative housing software and services to housing agencies administering Housing and Urban Development (HUD) programs for more than 20 years. HAPPY Software has a well-established reputation for quality, easy-to-use products and friendly, attentive customer support. The company’s client retention rate is at least 98 percent historically.

HAPPY Software actively supports the housing industry by sponsoring events, exhibiting and advertising with several housing associations including NAHRO, PHADA, Community Action Partnership, National Leased Housing Association and many State Housing Groups.

###PR Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

MRI Software Acquires HAPPY Software, Inc., Creating a Public and Affordable Housing Tech Powerhouse

Third PHA Software Acquisition Expands MRI’s Solutions for Public Housing Authorities and Housing Choice Voucher Programs

Solon, Ohio – March 8, 2018 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of HAPPY Software, a provider of innovative housing solutions and services for public housing authorities in the United States. With this acquisition, MRI’s third within the public housing space in just five months, the company now serves nearly 35 percent of U.S. public housing authorities.

Based in Saratoga Springs, New York, HAPPY Software provides property management solutions to more than 465 housing agencies of every size, administering Public Housing and Housing Choice Voucher programs. HAPPY’s suite of fully configurable, web-based portal solutions help housing authorities more effectively manage key functions such as applicant and waitlist tracking, tenant screening, and online payment handling.

“For two decades, HAPPY Software has built a standard for excellence culminating in today’s impressive 98 percent client retention rate,” said David Carner, Senior Vice President of Residential Solutions at MRI Software. “The addition of HAPPY to the MRI Software family represents another milestone in our strategy to provide world-class technology solutions to the public housing sector while further scaling our footprint in the market. We intend to continue supporting HAPPY’s solution set and extend its portal offerings to our existing PHA clients, while also leveraging HAPPY’s expertise to develop a next-generation, web-based platform for the public and affordable housing market.”

In October of 2017, MRI announced the acquisitions of Tenmast Software and HAB, Inc., providers of PHA and private affordable housing management software. Taken together, MRI’s three public housing acquisitions, in addition to the company’s Affordable Housing Bostonpost solutions, make MRI a major force in the U.S. public and affordable housing software markets.

“Our mission at HAPPY Software has always been to provide public housing organizations with the very best software solutions and the highest level of service,” said Joe Mastrianni, Chief Executive Officer and founder of HAPPY Software. “Joining forces with MRI is a continuation of that mission, bringing a deep reserve of resources and innovation to develop feature and functionality enhancements that will even better serve the industry.”

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

About HAPPY Software
HAPPY Software is a rapidly growing company based in Saratoga Springs, NY that has been providing innovative housing software and services to housing agencies administering Housing and Urban Development (HUD) programs for more than 20 years. HAPPY Software has a well-established reputation for quality, easy-to-use products and friendly, attentive customer support. The company’s client retention rate is at least 98 percent historically.

HAPPY Software actively supports the housing industry by sponsoring events, exhibiting and advertising with several housing associations including NAHRO, PHADA, Community Action Partnership, National Leased Housing Association and many State Housing Groups.

###
PR Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

Survey: More than 40 Percent of Real Estate Companies Rely on Spreadsheets or Paper-Based Processes to Manage Properties

New Generations of Renters Demand Technology: High-speed Broadband and E-Payments are Most Important Amenities for Students, Young Professionals and Millennials

SOLON, Ohio – Feb. 27, 2018 – MRI Software, a global leader in real estate software solutions, recently conducted a survey revealing that 42 percent of commercial and multifamily real estate owners and operators rely at least partly on spreadsheets or paper-based processes to manage properties. The survey also showed that more than 1 in 10 rely on spreadsheets and/or paper-based processes alone, without any additional purpose-built real estate software.

Using spreadsheets and paper-based processes to manage properties introduces a host of serious problems for a real estate organization, including:

  • Cumbersome to manage: If the individuals who built the company’s spreadsheet-based system leave the organization, business-critical data may become inaccessible because no one else understands how to manage it.
  • Lack of auditability: With each new version of a spreadsheet, the system becomes increasingly difficult to audit because there is no continual thread tying the reports to the original data. It’s even more difficult to audit paper-based systems.
  • Business risks: Manually entering data from multiple sources into spreadsheets and paper-based systems increases the risk of errors, data security issues, and a loss of operational control.
  • Scalability: Spreadsheets and paper-based systems severely limit the ability to share information, collaborate, and control access to data. Additionally, spreadsheets and paper-based systems do not integrate with other software solutions, locking companies out of technologies that could materially improve efficiency, increase customer satisfaction, attract additional leads and aid with long-term planning.

Generational Expectations for Technology
In the multifamily sector, the survey found that owner-operators are experiencing significant differences between age groups regarding the most important amenities residents seek in an apartment. The survey revealed the following disparities:

High-speed broadband and e-bill payments/rent portals rank as the two most important apartment features for students, young professionals and Millennials. These two features beat out in-unit laundry, proximity to public transportation, community storage, assigned parking and cable television for the top two spots.

For established professionals, families and middle-aged renters, high-speed broadband is still the most important amenity, followed by in-unit laundry, parking features and cable television.

For seniors and retirees, community security and in-unit laundry are the two most important features. High-speed broadband came in 12th on the list, and e-bill pay was tied for third-to-last out of a possible 24 features.

Within the commercial sector, which includes office buildings, retail, and industrial properties, respondents said that the top two services requested by tenants are electronic payments and electronic billing. These two features beat out proximity to public transportation, shared common and conference areas, and kitchen facilities.

“Our survey shows that more than 40 percent of the real estate market still relies on general-purpose spreadsheets or, even worse, paper-based processes to manage their properties,” said Brian Zrimsek, Industry Principal, at MRI Software. “Millennials and even younger generations now expect digital amenities such as e-bill pay, and many real estate organizations are falling behind in adopting more specialized real estate technology solutions. As these younger generations move into senior management roles at the companies where they work, their digital expectations will carry over into commercial real estate. Those organizations that don’t adapt will ultimately find themselves unable to compete in an increasingly digital world.”

MRI surveyed 219 real estate executives: 51 percent were VP-level or higher and 35 percent were directors, managers or property managers. As for company size, 30 percent of respondents worked at companies with more than 50 employees, 25 percent had 11 to 50 employees, and 46 percent had 10 or fewer. Many organizations operated in multiple real estate classes, with a breakdown as follows: 41 percent multifamily, 30 percent office, 21 percent retail, and 26 percent in other real estate sectors.

Please find the full report from MRI Software here.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses-from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

PR Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

MRI Software’s Open and Connected Approach to Real Estate Solutions Drives Exceptional Growth in 2017

MRI Software LLC Records 38% Increase in Bookings and 81% Increase in New Clients in 2017; Company Further Expanded with Seven Acquisitions, 27 Additions to its Partner Connect Program, Three New Solutions, and Capital Investment from Private Equity Firm

SOLON, Ohio – Feb. 22, 2018 – MRI Software LLC (“MRI”), a global leader in real estate software solutions, today announced significant growth in its core business, driven by a strong market desire for a real estate software platform that offers the freedom to connect with other vendors’ software to create a solution that meets unique business needs.

In 2017, MRI’s core business (i.e., not including revenue and clients from the six acquisitions it made in the second half of 2017), saw a 38 percent increase in bookings and 81 percent growth in new clients over 2016. In the fourth quarter of 2017, MRI experienced 64 percent bookings growth and a 42 percent increase in new clients over the same period in the previous year.

In addition to its core business growth, MRI acquired seven companies over the course of 2017, expanding the company’s global reach and product offerings with new, complementary and enhanced solutions:

  • ResidentCheck (February): A provider of resident screening for the multifamily real estate industry
  • Real Asset Management (September): A supplier of asset management software, including asset and lease accounting, tracking, and maintenance management
  • Qube Global Software (October): A UK-based supplier of property and facilities management software
  • Tenmast Software (October): A provider of public housing authority (PHA) and private affordable housing management software
  • HAB, Inc. (October): A provider of innovatively simple housing management software for public housing authorities (PHA)
  • eCondoSystems (October): A provider of cloud-based software solutions for the condominium development and sales sector
  • MDA Property Systems (December): A property management and accounting software company based in Cape Town, South Africa

In the midst of rapid expansion via acquisition and organic growth, MRI’s business is ultimately built on a commitment to an open architecture strategy that empowers clients to deploy the best solutions to match their unique needs. This makes MRI’s Partner Connect program – the ecosystem that supports MRI’s open and connected platform – one of the greatest indicators of the company’s health. In 2017, MRI added 27 new partners to the program, 17 percent more than it added in the prior year.

Additionally, MRI welcomed 59 partners to its International Users Conference, a 16 percent increase over 2016, and co-hosted 11 partner events and 22 partner webinars. MRI’s clients are ultimately the ones that benefit from these partner relationships as MRI has created 132 new APIs over the past year, making it easy for clients to integrate software from Partner Connect vendors. MRI now has more than 350 APIs in its library.

During 2017, MRI expanded its product family with three new solutions:

  • MRI AnalytiX: A powerful business intelligence (BI) solution built for real estate that empowers users to visualize complex data easily, identify trends, and, ultimately, make better, faster decisions around property management, finance and investments
  • MRI Inspections, powered by HappyCo: A mobile inspections solution that provides real-time intelligence to reduce costs, optimize turn, and drive quality assurance across multifamily real estate portfolios
  • MRI Fixed Assets: A comprehensive solution for real estate owners and operators to better manage accounting, maximize tax benefits, improve compliance, and increase the ROI of their assets

Finally, in May, MRI received a strategic investment from TA Associates, a leading global growth private equity firm, which joined GI Partners in ownership of MRI.

“2017 was the most exciting year we’ve ever had at MRI, and not just because of how quickly we’ve grown, but also because our commitment to an open and connected platform is strongly resonating in the marketplace,” said Patrick Ghilani, Chief Executive Officer at MRI Software LLC. “While we’ve become much larger in terms of our global physical presence and have expanded and improved our offerings vertically, we view that as an opportunity to continue executing our strategy of offering clients the freedom to choose the best software to create the perfect solution for their business. The 2017 results speak for themselves, laying an incredible foundation for even greater achievement and client success in 2018.”

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses-from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACT:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

MRI Version X Property Management Software Receives China Electronics Standardization Institute (CESI) Certification

Certification Automates Mandatory Accounting Audit Filings for Real Estate Organizations in China and Facilitates Expansion of Multinational Companies into China

SOLON, Ohio – Feb. 7, 2018 – MRI Software, a global leader in real estate software solutions, today announced that MRI Version X, the company’s flagship property management and accounting software, has met all testing and certification requirements from the China Electronics Standardization Institute (CESI). As a result, MRI Version X now provides approved mandatory financial reporting for real estate organizations doing business in China, enabling clients to meet regulatory requirements without incurring time-consuming and costly system audits themselves. Additionally, global real estate investors using MRI Version X in other markets can more easily expand into China, relying on MRI’s unified platform to streamline operations and provide global visibility into portfolio performance, while supporting local country statutory and business requirements.

“The Chinese real estate market presents significant opportunity from both local investment and cross-border capital,” said Stephen Baker, vice president of global and strategic markets at MRI Software. “This certification demonstrates MRI’s commitment to the Chinese market, the larger Asia Pacific region and, of course, delivering solutions that provide local and global flexibility. Not only does this certification simplify auditing for MRI clients in China, but it also means that real estate owners with global portfolios can use the same MRI Version X platform across all their operations, including those in China.”

MRI Version X was certified for the National Audit Office of the People’s Republic of China (CNAO) standard GB/T 24589.1-2010. All enterprises doing business in China are required to report information to CNAO in the required XML file format mandated by this standard. Previously, users had to complete their own certification application before submitting their file; clients in China can now use MRI Version X to generate pre-certified accounting data files and send them directly to the audit office. This user-friendly regional feature eliminates costly manual process and work-arounds, as it is specifically designed to facilitate regulatory compliance in China.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses-from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

Media Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
+1-541-207-3461

MRI Software Announces Executive Appointments to Support Growth

Appoints Russell Butler as Chief Technology Officer; Promotes John Ensign to President

Solon, Ohio – Feb 1, 2018 – MRI Software, a global leader in real estate software solutions, announced two key executive appointments today to support the company’s recent growth. Proven enterprise software leader Russell Butler has joined MRI in the newly appointed role of Chief Technology Officer (CTO), and John Ensign, an eight-year veteran on the MRI leadership team, has been named President and Chief Legal Officer.

Butler and Ensign assume their new positions at a time when MRI is growing faster than in any other period of its history, having nearly doubled in size through six acquisitions on three continents during the latter part of 2017. Butler brings three decades of successfully leading high-performance, global product development teams at Oracle, IBM, AT&T and other leading software organizations. As CTO, Butler will oversee MRI’s technology strategy and manage product innovation and integration efforts to support the company’s expansion into new geographical and vertical markets.

Ensign will assume oversight of MRI’s corporate shared services, adding global client support, finance and accounting to his previous management responsibilities overseeing MRI’s human resources, legal, facilities, M&A and Partner Connect teams. Ensign will also assume overall responsibility of MRI’s EMEA and APAC operations, which are key to the company’s future growth.

“These new executive appointments put two experienced leaders in position to support MRI Software’s recent exponential growth,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Russell’s background leading product development and strategy for some of the world’s largest enterprise software companies will enable MRI to accelerate innovation and integration of our organic and acquired solutions to improve usability, increase efficiencies and deliver greater insight for our clients while maintaining a flexible and open architecture. Meanwhile, John has long been a trusted advisor and skilled leader who excels at executing on our aggressive strategic plan. That skill set will be invaluable in his new capacity as President.”

Both Butler and Ensign will report directly to Ghilani. Complete biographies are available on MRI Software’s Leadership Team page.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

PR Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461