Second PHA Software Acquisition This Month Demonstrates MRI’s Commitment to the Affordable and Public Housing Market

Solon, Ohio – October 16, 2017 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of HAB, Inc., a provider of innovatively simple housing management software for public housing authorities (PHA). Earlier this month, MRI announced the acquisition of Tenmast Software, another provider of PHA and private affordable housing management software. Taken together, these two acquisitions squarely position MRI as one of the largest providers to this key segment of the U.S. multifamily real estate sector.

“When MRI Software decided to enter the public housing market, we wanted to do so with a formidable platform and marketshare right out of the gate,” said Patrick Ghilani, Chief Executive Officer at MRI Software. “Our answer was to buy the best solutions in the market and combine them. Going forward, we will bring together the best of MRI, HAB and Tenmast to provide a world-class user experience on a web-enabled platform tailored to meet the needs of the public and affordable housing sectors.”

With the acquisition of HAB, MRI Software continues to strengthen its portfolio in the affordable and public housing markets. HAB serves 210 clients across the United States, with solutions for tenant and application management, financial management, and property management, all tailored to meet the unique needs of PHAs.

“HAB excels at providing public housing authorities with powerful software that’s simple to use,” said David Carner, Group Vice President of Multifamily at MRI Software. “We will continue to strongly support HAB clients, while we simultaneously invest to broaden, deepen and modernize HAB’s solution set.”

“MRI already has a strong name in the affordable housing space, and the company’s recent investments speak loudly to its commitment to serving public housing authorities,” said Michael Juran, President at HAB. “Providing clients exceptional support is the primary mission at HAB, and that will continue as we join MRI, while we simultaneously focus on expanding feature and functionality enhancements that will allow us to better serve the industry.”

This is MRI’s fourth acquisition in the multifamily space during the past 12 months. In addition to Tenmast, MRI acquired CallMaX, an automated communications provider, and ResidentCheck, a resident screening solution.

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.

About HAB
HAB INC provides software and services to over 200 public housing authorities across the U.S. Software includes integrated software for tenant, applicant, landlord, unit, property and financial management of a housing agency. HAB has been providing services for over 25 years and is an industry leader in innovative software solutions to the public housing marketplace.

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

Acquisition Demonstrates MRI Software’s Strong Commitment to the Multifamily and Affordable Housing Markets; Gives MRI Entry into Public Housing

Solon, Ohio – October 10, 2017 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of Tenmast Software, a leading provider of public housing authority (PHA) and private affordable housing management software.

Tenmast offers streamlined, easy-to-use software that keeps public housing authorities (PHAs) continually in compliance with the ever-changing rules of federal affordable housing regulators. Tenmast software integrates HUD, USDA and IRS compliance into every aspect of the housing cycle. Tenmast serves PHAs with more than 20,000 units, agencies with state-wide programs, and agencies that manage all federal, state, and local housing subsidies.

“Affordable housing continues to be an important segment of the multifamily industry, and we are now positioned to service both housing authorities and landlords with a broad array of solutions,” said MRI CEO Patrick Ghilani. “MRI has invested at an unprecedented level in multifamily, and that commitment extends to affordable and public housing. With this acquisition, we’re building on our existing strength in property management and compliance to provide public and affordable housing organizations with a broader, more comprehensive set of solutions.”

The demand for public housing continues to grow and is outpacing supply. Only one in five people who qualify for public housing are currently able to obtain it. This gap between supply and demand is being filled by not-for-profits in need of real estate management tools that ensure they are in compliance with federal regulations.

Tenmast excels at compliance, and when combined with MRI’s flagship open and connected property management platform, Tenmast clients will have access not only to MRI’s extensive solution set, but also to the solutions available from other vendors through Partner Connect. Additionally, MRI’s greater size and scale will enable the combined company to invest even more resources into innovation and support.

“MRI is strongly committed to supporting our clients and is devoting substantial resources to further develop our solutions, with the aim of providing a world-class user experience on a web-enabled platform,” said James C. Mauch, CEO of Tenmast. “In fact, we see near-term opportunities to enhance Tenmast with additional functionality, such as electronic document signing and automated communications. This is a combination that will greatly benefit the public and affordable housing industry.”

“For far too long the public housing segment has been underserved,” said David Carner, Group Vice President, Multifamily at MRI Software. “MRI is excited to bring the next level of technology to this critical component of the nation’s overall housing strategy, building on the expertise Tenmast has developed having served the unique needs of public housing for more than thirty years. We will continue to service our new clients from Tenmast with vigor as we chart a course towards a fully featured, web-based solution that delivers an intuitive user experience.”

Tenmast is MRI Software’s third acquisition in the multifamily space in the last 12 months. MRI previously acquired CallMaX, an automated communications solution, and ResidentCheck, a resident screening solution.

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.

About Tenmast

Tenmast Software has served the Public Housing industry since 1985 with enterprise-based software solutions that manage the complex information content of these agencies. Tenmast serves Public Housing Authorities (PHAs) in 44 states, including Guam and Saipan in the South Pacific. PHA businesses are highly regulated and Tenmast’s solutions are focused on helping them manage compliance with HUD regulations. Tenmast is recognized as the industry leader in HUD program management and compliance support for PHAs.

Acquisition Extends MRI’s Global Reach; Expands Offerings for Property Investors, Agents, Occupiers, and Tenants; Provides Greater Scale for Innovation and Development

London – October 4, 2017 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of Qube Global Software, a leading UK-based supplier of property and facilities management software. Qube both extends MRI’s global reach and brings further expertise and scale for continued innovation in property technology. Following MRI’s acquisitions of Qube and Real Asset Management, which was announced last month, the combined company now serves 5,500 clients with a global team of more than 1,000 employees. MRI’s 350 employees in the UK make it one of the largest property tech providers in the country, and in Europe as a whole.

“The global real estate sector is growing at unprecedented rates, with investors and capital seamlessly crossing borders and spanning continents,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “The union of MRI Software and Qube Global Software establishes a technology powerhouse to support investors, agents, and occupiers globally and locally. By uniting MRI’s strength and history in North America with Qube’s European market expertise, along with both companies’ long-standing Asia-Pacific footprint, we are uniquely positioned to address the varying needs of the global real estate market with a comprehensive and flexible portfolio.”

Qube’s extensive property and financial management capabilities, as well as facilities management, integrated workplace management systems (IWMS), and space management solutions, complement MRI’s existing offerings and provide greater choice and flexibility for the combined company’s worldwide client base. Qube’s property management offerings serve both the commercial and residential real estate sectors, including lettings, which is experiencing increased demand in the UK. The acquisition also provides Qube clients access to MRI’s world-class financials and investment suite, including solutions for asset management, scenario modelling, and investor relations.

“It’s rare to find two organisations so closely aligned strategically as MRI and Qube, with a long history in the real estate space and a shared vision of providing an open platform that maximises flexibility and choice for clients,” said John Cuppello, Chief Executive Officer of Qube Global Software. “It’s a tremendous time to become a part of MRI, and our capabilities and expertise will play a meaningful role in helping the combined company continue to grow and thrive.”

Through the addition of Qube’s offices in the UK, United States, Australia, New Zealand, Hong Kong and Singapore, MRI is well-positioned to continue exceeding the demands of its growing global client base with increased in-country resources. Both Qube and MRI clients will continue to be served without interruption while near-term integration activities focus on providing expanded offerings to all clients.

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.

About Qube Global Software

Qube Global Software is a leading supplier of property and facilities management software throughout the world. Over the last 40 years it has helped thousands of clients, ranging from small investors through to global corporations, manage every aspect of their property portfolios. Its products can bring increased revenue and efficiency, reduced costs and full access to vital information for every sector of the property industry. For more information, please visit www.qubeglobal.com.

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

MRI Software Acquires Real Asset Management, a Leading Provider of Asset Management Solutions
Acquisition Brings Fixed Asset Accounting Capabilities to MRI’s Real Estate Clients, Expands MRI’s European Footprint and Adds More than 1,400 Clients Across a Range of Industries

Solon, Ohio – September 20, 2017 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of United Kingdom-based Real Asset Management (RAM), a supplier of asset management software, including asset and lease accounting, tracking, and maintenance management. Asset intensive businesses rely on RAM’s solutions to automate traditionally manual and error-prone processes and ensure compliance with accounting, tax, and financial reporting requirements. Additionally, RAM’s mobile and desktop facilities management solutions enable organizations to streamline processes, improve productivity, and reduce property management costs.

“Real estate organizations face the same challenges as other sectors around compliance and regulations related to asset management,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “By acquiring Real Asset Management, with whom we’ve enjoyed a close partnership for many years, we’re able to leverage deep expertise and innovation in asset management and immediately deliver a comprehensive, integrated solution for our clients in the real estate sector, while expanding into new markets where we see a great deal of potential for further growth. This acquisition is also a key milestone in MRI’s aggressive EMEA expansion strategy.”

MRI’s existing integration with RAM will be enhanced to deliver a comprehensive fixed asset accounting solution for the real estate sector that enables MRI’s commercial, residential, and affordable clients to better manage accounting, maximize tax benefits, improve compliance, and increase the ROI of their assets. More information about the newest product can be found here.

Through the addition of RAM’s global headquarters near London, MRI significantly increases its growing UK presence and gains some 950 European clients, together with another 450 clients worldwide. Additionally, MRI is excited to expand its reach into a range of other industries, including leasing and asset management solutions for intermodal transport containers where RAM is a market leader.

“There is an enormous amount of synergy between MRI and RAM, as evidenced by the success of our long-standing partnership” said George Snelgrove, Chairman of Real Asset Management. “The RAM team will be joining a fantastic organization with tremendous talent, insight and reach while bringing its own capabilities for serving any major industry that requires an asset or facilities management solution.”

RAM will continue to serve all of its clients without interruption and remains committed to providing and supporting solutions for all organizations, regardless of their market sector.

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 Real Asset Management

Real Asset Management (RAM) is a leading provider of fixed asset management and logistics software & services.  Over the last 35 years, its products have been implemented by more than 3,000 organisations in over 70 countries. RAM, the principal supplier to the UK public sector, has successfully implemented software in over 2,000 Commercial organizations, 160 Housing Associations, 100 Local Government Authorities, 150 Central Government Offices, 200 NHS Trusts, 90 Educational Establishments and over 250 Government Defence sites worldwide. The company has developed a powerful range of software modules around a central data repository that enables organizations of any size to manage every aspect of the asset lifecycle. Its Series4000 and Series5000 solutions offer fixed asset accounting, capital project control, lease accounting, asset budgeting, asset tracking (utilising barcodes/RFID, cellphones), facilities maintenance and computerised maintenance management.

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

MRI Software and HappyCo Partner to Launch MRI Inspections

HappyCo’s Mobile, Real-time Inspection Solution to Integrate with MRI’s Multifamily Property Management Platform for Smarter Apartment Rental Operations 

Solon, OH – June 21, 2017 – MRI Software, a global leader in real estate software solutions, today announced a partnership with HappyCo, the leading mobile software platform to inspect, monitor and analyze the performance of enterprise business assets in real time, to create MRI Inspections, Powered by HappyCo. MRI Inspections is a mobile inspections solution that provides real-time intelligence to reduce costs, optimize turn, and drive quality assurance across multifamily real estate portfolios. Through integration of HappyCo’s Happy Inspector solution into MRI’s Version X property management platform, MRI Inspections enables clients to improve operations by digitizing a traditionally paper-based process and automating inspection scheduling as a normal course of property operations.

“This integrated solution demonstrates MRI’s commitment to providing clients maximum flexibility and choice through an open and connected partner ecosystem,” said Mirriam Livingstone, VP, Operations Services for Village Green, one of the nation’s largest apartment property management companies and a long-time MRI client. “MRI Inspections, Powered by HappyCo, will be a massive upgrade to our inspection processes by eliminating physical paperwork and standardizing data collection, which we anticipate will minimize disputes and improve our ability to collect damage charges. We are looking forward to participating in the working group, and I fully expect our participation to yield even more efficiency and better results.”

MRI Inspections, Powered by HappyCo, will offer a simple, user-friendly experience for property owners and managers centered around a mobile app. With forms that are configurable to meet the needs and standards of each client, the app prompts users to enter the required data and to attach and annotate associated photos. Users may upload the information in real time if the device is connected to the internet, or via sync if the device is offline during an inspection. The end result is a single source for accurate inspections information that minimizes resident disputes and increases payments for property damages. Through the integration of Happy Inspector into MRI Software’s Residential Management solution, MRI clients gain the capability to automatically schedule inspections based on event triggers such as move-ins and move-outs or resident inquiries.

“Revenue loss, wasted time and unhappy tenants are unacceptable to any multifamily owner or property manager, but that is often the result of paper-based, old-school inspections processes,” said Brian Zrimsek, Industry Principal for Multifamily at MRI Software. “MRI Inspections, Powered by HappyCo, fixes that problem by tying the benefits of HappyCo’s inspections software into our MRI Version X property management offering to create an end-to-end, automated solution. This partnership and integration is yet another example of MRI’s commitment to delivering true enterprise software interoperability.”

“A multifamily solutions provider with both a large installed base of clients and a commitment to growing through partnerships is extraordinarily rare, but that’s what we found in MRI,” said Jindou Lee, CEO and co-founder of HappyCo. “Each side went into this integration process with the same goal in mind: creating the best solution for our clients. Together we’ve developed an offering that ties the best of our products together in a single, unified experience.”

MRI Inspections, Powered by HappyCo, is scheduled for general availability in September. MRI Software and HappyCo are currently accepting client signups to join Village Green in a working group that will provide input on features and user experience before the offering is finalized.

Supporting Resources

• MRI Inspections Datasheet
• Video overview
• Sign up for the working group or to be informed of general availability

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 HappyCo

HappyCo is a San Francisco-based software company that builds mobile and cloud applications for enterprise workforces to run their operations in real time. Its Happy Inspector product is used by thousands of companies and has captured more than 100 million items inspected. The company was founded in 2011 and is privately held.

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

 

MRI Software Introduces AnalytiX: a Business Intelligence Solution Built for Real Estate

MRI AnalytiX Provides Intuitive, Immersive Visualizations of Real Estate Data for Better, Faster Decisions that Maximize Returns and Minimize Risk

Solon, OH – June 14, 2017 – MRI Software, a global leader in real estate software solutions, today announced MRI AnalytiX, a powerful business intelligence (BI) solution built for real estate. AnalytiX provides an engaging, immersive experience that empowers business users to visualize complex data easily, identify trends, understand the underlying causes behind those trends and, ultimately, make better, faster decisions around property management, finance and investments.

In today’s hypercompetitive real estate industry, organizations must operate efficiently, identify and mitigate risk, and respond quickly to changing conditions. MRI AnalytiX provides real estate professionals with the tools they need not just to survive in this environment, but to thrive. MRI AnalytiX empowers efficiency, by simplifying and visualizing information in a manner that enables leaders to easily understand what’s happening, thus moving from insight to action quickly and effectively.  Decision-makers can quickly see the macro trends that are shaping their businesses and subsequently drill down from standard dashboards to identify outliers and raise additional questions that AnalytiX can answer.

MRI AnalytiX enables organizations to focus on results instead of the process of gathering information. Results are on-demand with up-to-date analysis and presentation-ready reporting always available, so business users get answers on their own in minutes, instead of waiting weeks for standard monthly reports. Moreover, staff can spend their time more effectively creating value for their organizations instead of wasting days hurriedly preparing information that will already be stale once the analysis is complete. And as cloud-based solution, AnalytiX is accessible anywhere, including via mobile devices.

The primary benefits of MRI AnalytiX include:

• Assess trends: Identify how key market indicators will affect conditions so real estate firms can take action long before the competition. From internal indicators like expense trends and occupancy, to performance factors like delinquencies and tenant health, data visualizations show where management should focus.
• Analyze portfolios: Easily unearth the factors that are preventing assets from performing at their full potential and identify the best mix of properties and tenants for the organization. AnalytiX was designed by real estate professionals for real estate professionals, so the solution makes it easy to perform the analyses, including analyses of geospacial information, that truly make a difference for the bottom line.
• Maximize returns and minimize risk: Gain insight into fundamental shifts in asset and lease mix as well as changing market dynamics by visualizing performance.
• Ease-Of-Use: Free the business community to immerse themselves in a wealth of real estate and financial performance information without the need to maintain a technology organization to support BI.

MRI AnalytiX is currently available with MRI Investment Modeling and MRI Financials. It will also be available for MRI Advanced Retail and MRI Commercial Management in the third quarter of this year. And while MRI AnalytiX leverages Tableau as its primary BI engine, organizations will also be able to access their data using third-party BI tools when the AnalytiX Data Store is released in the fourth quarter of this year.

“MRI AnalytiX is unlike any other BI solution on the market because it was designed specifically to maximize insights and user experience for real estate professionals,” said Charles McDowell, Vice President of Commercial Solutions and Client Experience at MRI Software. “We are empowering our business users to embrace their data and quickly get the results they need on their own. And because it’s a highly graphical, immersive experience, it’s actually fun to use. With AnalytiX, organizations can uncover hidden insights in a way that leaders intuitively understand, thus driving informed decisions in a timely and relevant manner.”

For more information on MRI AnalytiX, please visit https://www.mrisoftware.com/analytics-and-reporting/.

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.