Cleveland, OH – In the long history of MRI Software, 2015 stands out as the single most successful year experienced by the company.  Records were set in revenue, software bookings, customer retention, and profitability – four of the most important metrics of an enterprise software provider.

MRI Software is also proud to report the achievement of nine consecutive quarters of revenue growth which can be attributed to continued market momentum through 2015 which is highlighted by the addition of over 200 new clients, 25% growth in core property management and 150% growth in the Asia-Pacific region.

These results reflect the impact of breakthrough product releases and acquisitions in the real estate software market and the MRI Software client base.  In 2015 MRI Software, a global leader in property and investment management solutions for real estate, released the latest version of the flagship property management platform, Version X; launched a new online leasing offering Prospect Connect; and completed the acquisition of Investment Management provider Cougar Software.

By the close of 2015, more than 75% of MRI’s global client base had adopted Version X and began to leverage the groundbreaking user experience that provides both device and browser freedom while adding MRI-GO, a search based navigation method that brings a consumer software user experience to enterprise class software.

Prospect Connect adoption by the multifamily client base exceeded expectations and clients are now gaining benefits from the efficiencies delivered through a fully integrated on-line leasing product.

MRI Investment Management, formerly Cougar Software, bolstered MRI’s offerings with a range of solutions including a Valuations offering that offers a combination of desktop functionality enabled by cloud based collaboration and a Debt offering that provides a system of record for managing property debt contracts.

2015 also saw over 50 partners join MRI Software’s Partner Connect program, a market leading approach to solution federation, which empowers choice and flexibility for clients to create an application portfolio best suited to unique client business models and real estate portfolios.

“I’m tremendously proud of what our team accomplished in 2015,” says MRI Software CEO Patrick Ghilani.  “We focused on two things in 2015, Relationships and Innovation, and our results indicate that we delivered on both fronts.  I’m most proud of our record client retention rates and new client wins as these best indicate how clients feel about our market position, product strategies and long term commitments.  We look forward to building on the success of 2015 and delivering a 2016 that allows us to again rewrite our own record book.”

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com

 

Cleveland, OH (March 15, 2016) – MRI Software, a leading provider of global property and investment management solutions, has selected AvidXchange™, a leading software provider of Accounts Payable and Payment Automation solutions, to power an enhanced offering for payment automation.  “MRI Vendor Pay powered by AvidXchange” will enable MRI Software clients to fully automate their payments process and eliminate paper checks.   This deeper, and extended, partnership represents an exciting new chapter in the relationship that the companies have had for more than a decade, serving over 200 joint enterprise clients nationwide.

“MRI is excited to expand on its longstanding partnership with AvidXchange, and bring an innovative payment solution to our clients. It builds on the value that AvidXchange already delivers to many of our customers today, and further streamlines key property management payment processes,” said Patrick Ghilani, CEO of MRI Software. “Today’s announcement marks the innovative next steps of our Partner Connect Program by redefining the old school integration paradigm. MRI and AvidXchange have come together as two leading vendors to deliver true interoperability with a single user experience,” added Ghilani.

MRI Vendor Pay powered by AvidXchange enables a fully automated payment solution that includes partnerships with over 25 US banks and a network of more than 300,000 vendors.  Further, “MRI Vendor Pay powered by AvidXchange” will work with any bank, or any other third party AP automation system, which MRI clients may be using today. “In line with our deep commitment to providing the real estate technology marketplace true choice and flexibility, this powerful payment solution is easily activated within the MRI Version X Solution Suite, regardless of whether a client has an automated or a manual accounts payable process,” said Patrick Ghilani, CEO of MRI Software.

“The expansion of our partnership is another great milestone in the decade long relationship we’ve fostered with MRI.  Together we will facilitate a superior customer experience for current, and future, shared clients,” commented Michael Praeger, CEO and Co-Founder of AvidXchange. “The evolution of our payment offering and collaboration with MRI to deliver this ‘built inside’ experience for ‘MRI Vendor Pay powered by AvidXchange’ speaks volumes about the value that we’ve had the honor of delivering to MRI users for over ten years,” added Praeger.

About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 45 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit mrisoftware.com.

About AvidXchange

AvidXchange revolutionizes the way companies pay their bills.  Serving more than 5,700 clients throughout North America, AvidXchange is an industry leader in automating invoice and payment processes for middle market companies spanning multiple industries including Real Estate, Financial Services, Energy, and Construction.  AvidXchange has been recognized as one of the 50 fastest-growing private companies in the Charlotte area for four consecutive years, ranked among Deloitte’s Fast 500 this past year, and recently was named one of the top 100 technology companies in North America by Red Herring.  In the midst of record growth, AvidXchange has remained true to its most valued competitive advantage—its people.  AvidXchange has been recognized as one of the Best Places to Work in Charlotte for seven consecutive years.  For more information, contact us at 800.560.9305 or info@AvidXchange.com.

MRI is awarded the Cisco Architectural Excellence Award for the Central Area for its Software Defined Data Center.

Cleveland, OH- Cisco Systems has awarded its Cisco Architecture Excellence Award to MRI Software, a developer of innovative software solutions for the global property management industry. MRI Software was chosen for this prestigious award because of its innovative approach to architecting a Software Defined Data Center utilizing Cisco technologies.  MRI’s new infrastructure aims to transform its business, and the business of its customers, by providing SaaS clients with a highly scalable and reliable infrastructure while enhancing the speed at which we can reach to client and industry needs.

CISCO Systems chooses the recipients of this award based on their cutting-edge use of its technology to clearly differentiate a product or service offering, reduce costs, drive greater revenues, improve employee satisfaction, or positively impact the environment. MRI worked with CISCO’s experts to determine the optimal equipment specifications and architectural approach for its new platform.

“Cisco’s commitment to excellence is mirrored by MRI Software, and we are honored to recognize them for this commitment to meeting and exceeding all of their customers’ needs and expectations” said Bob Coy, Regional Manager at Cisco Systems.

“MRI Software has a long history of partnering with Cisco to keep our SaaS infrastructure modern,” said Terry Keller, Sr. Director, SaaS, “and this award is a recognition of our commitment to effectively utilize best of breed technologies like Cisco to produce exceptional value for our customers.”

MRI SaaS allows property owners, managers and investors to harness world-class data center and business continuity technology, including datacenters in in Chicago, Washington DC, Atlanta, Ireland and Singapore.  The company has provided online access to its applications since 1999.

About MRI Software, LLC.

MRI offers business management software solutions to the global property management and investment industries as well as to corporate real estate managers. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the multifamily, commercial, and investment advisor companies, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its 40 years in business to develop long-term successful relationships with its clients. For more information, please visit https://www.mrisoftware.com.

MRI, the leading Real Estate software provider, launches an innovative solution for the creation and collaboration of real estate valuations, underwriting and appraisals.

London, UK – MRI Software, a global leader in property and investment management solutions, is excited to announce the latest release of MRI Global Valuations. This portable valuation solution is driven by a superior calculation engine capable of valuing the most simple to the most complex commercial assets over an unlimited time horizon. MRI Global Valuations supports all major geographical valuation standards, including Term and Reversion, Hardcore, Discounted Cash Flow, Capitalization, and Equivalent Methods.  The solution allows for multiple versions per asset, thereby supporting comprehensive side-by-side analysis at a lease, unit, and even account level. Additionally, and revolutionary to the real estate industry, MRI Global Valuations is engineered to simplify your business process, track valuation progress, and facilitate intercompany collaboration through its secure, web-enabled file sharing technology, MRI ShaRE.

“We have talked to many organisations regarding their valuation requirements and just as importantly how they collaborate with their partners”, says Vice President of MRI Investment Management, Oren Rosen. “MRI Global Valuations is redefining how valuations should be managed in the industry. As such we have focused on accessibility and convenience, collaboration, and timely data analysis. Moulding our solution on these three foundational principles, we believe we have created a revolutionary and transformational solution for the real estate industry.”

“With MRI’s Global Valuations, the real estate industry now has a viable solution for avoiding the use of excel and email in the appraisal and underwriting processes.,” said MRI Software Chief Products Officer Brian Zrimsek. “This allows clients to efficiently and securely manage the valuation process within their transaction communities by providing a simple, convenient, and collaborative process.”

To learn more about Global Valuations, and all of MRI’s Investment Management Solutions, visit: www.mrisoftware.com

 About MRI Software

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com

 

Excel-based reporting solution company adds to MRI Software’s expanding partner offerings.

SOLON, Ohio-MRI Software, a global leader in property and investment management solutions, is pleased to announce the addition of Global Software, maker of Spreadsheet Server, to MRI’s Partner Connect Program.

Based out of Raleigh, North Carolina, Global Software is the leading provider of Microsoft Excel-based automation and reporting software solutions. Their flagship product, Spreadsheet Server, streamlines data analytic processes and bridges the operational gap between company data and reporting.

The partnership between MRI and Global Software will give mutual clients the ability to gain access to their MRI data within Excel for secure financial and operational reporting and analysis. Spreadsheet Server has wide adoption among MRI’s client base, with over 150 MRI clients currently using it.

“Over the past decade, MRI customers have leveraged Spreadsheet Server and Microsoft Excel to bring information together for quick financial decisions.  The newly expanded partnership will further integrate the Spreadsheet Server platform into MRI’s real estate and investment management software,” said Tonya Cannady, VP Worldwide Sales with Global Software, Inc.  “This will enable our mutual customers to have an out-of-the-box Excel-based reporting solution on premise and in the cloud. We’re excited to have been selected by MRI for this strategic relationship.”

“We are thrilled to have Global Software join the MRI Software Partner Connect Program,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Formalizing the relationship with Global Software, a group that has shown great value to our client base, will be beneficial to all involved and we look forward to working together to strengthen and expand our relationship.”

For more information about MRI’s Partner Connect program, visit: mrisoftware.com/partners.

About MRI Software MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

About Global Software

Global Software, Inc. is the leading provider of Microsoft Excel-based automation & reporting solutions to enhance the world’s foremost Business Intelligence (BI), Enterprise Resource Planning (ERP) including: MRI® and other operational platforms. The Company’s flagship offering, Spreadsheet Server, streamlines data analytic processes and bridges the operational gap between company data and reporting. Results measured from this solution are time and cost savings in a secure financial, operational reporting and budgeting environment with automated report delivery.

 

SOLON, Ohio-MRI Software, a global leader in property and investment management solutions, announced that Piedmont Office Realty Trust has extended its commitment to MRI software. Piedmont Office realty Trust utilizes MRI’s award winning SaaS based Property Management and Accounting Solutions to handle a national portfolio of Class A office properties throughout the United States.

A client since 2007, Piedmont Office Realty Trust decided to extend their contract based on MRI’s recent release of their innovative Version X platform and the flexibility offered via MRI’s Partner Connect Program. The MRI Partner Connect Program enables Piedmont the flexibility and choice to integrate with multiple industry leading solutions through predefined API integrations.

“We believe that with MRI Software and their Partner Connect Program, we have the advantage of being able to leverage data across industry leading products more effectively than ever before” said Robert Bowers, CFO of Piedmont Office Realty Trust. “As a result, we are more efficient as an organization today and have the tools to be extremely agile to change and adopt technology in the future when necessary.”

“After working with Piedmont for several years, we are thrilled that they have recognized the value in our innovative solution and will remain a part of the MRI family,” said Patrick Ghilani, CEO of MRI Software. “Piedmont has a history of repeated success in the commercial management industry and we are excited to continue providing them with the flexibility and functionality of our solutions.”

As a fully-integrated, self-managed real estate investment trust (REIT), the $5 billion Piedmont portfolio is comprised of more than 19 million rentable square feet in eight states.

For more information about MRI’s solutions visit mrisoftware.com.

About MRI Software
MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit mrisoftware.com.

About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties located in select sub-markets of major U.S. cities. Its geographically-diversified, over $5 billion portfolio is comprised of approximately 20 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor’s (BBB) and Moody’s (Baa2). For more information, see www.piedmontreit.com.

SOLON, Ohio-MRI Software, a global leader in property and investment management solutions announced today that Precision Group has committed to upgrade to MRI Version X and renew its contract. Founded in 1994, The Precision Group is a privately owned investment company with an extensive property portfolio including significant retail, commercial, and hospitality assets in Adelaide, Melbourne, Sydney, the Gold Coast and Brisbane.

“We have been users of MRI for many years now. Adopting MRI Version X will improve the way our business operates,” said Edward Piazza, CFO. “We expect that the new software will reduce training, improve our internal reporting, increase visibility into our operations, and grow with our business over the foreseeable future. MRI Software was the logical partner for our property management needs and we look forward to working together.”

For more information about MRI’s solutions visit mrisoftware.com.

About MRI Software
MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit mrisoftware.com.

Solon, Ohio – MRI Software, a leading provider of property and investment management solutions, announced its integration partnership with Hightower, a leasing management platform for the commercial real estate industry.

This integration allows leasing and asset management teams to combine their leasing pipeline, inventory, and current tenant portfolio together onto a single, consolidated system of record to more easily highlight tenant relationships across large portfolios, surface encumbrance risks, and identify renewal opportunities.

“CRE professionals have traditionally had to pull data from several disparate systems to manage their leasing business. Hightower’s leasing management platform brings these systems together in one place, all in the cloud.” said Brandon Weber, CEO of Hightower. “MRI is an industry leader in property management software and we’re excited to partner with them to offer our joint customers the opportunity to easily integrate their leasing and property management systems.”

Pat Ghilani, Chief Executive Officer at MRI Software, expressed similar enthusiasm for the partnership. “We are excited to work closely with Hightower to create a smooth integration between their leasing management platform and MRI,” he said. “Hightower’s proven success in the market has demonstrated that lease management is becoming a critical part of the commercial real estate technology stack, and our partnership will deliver a strong integration between the two systems.”

Niall Smart, CTO of Hightower noted that “The Hightower and MRI partnership ensures our joint customers can leverage their investment in both platforms via a fully vendor-supported integration that is reliable, secure, and straightforward to deploy.”

About MRI Software
MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit mrisoftware.com.

About Hightower
Hightower is the leading end-to-end leasing management platform for the commercial real estate industry that helps brokers and owners save time, improve visibility, and reduce risk in their portfolio. Founded in 2013, Hightower has thousands of customers from around the world using its platform, including Vornado, CBRE, NGKF, Beacon Capital, JLL, and Shorenstein.

Contact
Katie Paxton
914-266-0860| katie@gethightower.com