Combined companies poised to meet increasing consumer demand for one agency to handle lifetime property needs from renter to retiree

Sydney, AUSTRALIA – 31 October 2022. Global property technology leader MRI Software announces it has entered into a binding Scheme Implementation Deed to acquire 100 percent of PropTech Group Limited (“PTG”) (ASX: PTG.AX) for an estimated value of A$93.4 million. PTG is an operator and investor in real estate software companies, primarily in Australia, New Zealand, and the United Kingdom.

The A$0.60 cash per share offer, equating to an implied equity value of approximately A$93.4 million on a fully diluted basis[1] was submitted to the Australian Stock Exchange (ASX) by PTG earlier today (PTG advisory link here). The offer includes MRI acquiring PTG’s well-respected real estate software brands including VaultRE, VaultEA, EagleCRM, Real Estate Investar, Website Blue, Designly, and RentFind Inspector. Many of PTG’s products complement and strengthen the MRI Living™ suite of solutions for residential sales and property management – and add new capabilities in other areas.

David Bowie, Managing Director and Senior Vice President (Asia Pacific) for MRI Software says, “This acquisition brings immediate value to our real estate agency clients in the region and represents a significant investment in the future of the real estate sector more broadly. In the same way FinTech fuelled growth and efficiencies in banking and finance over the last decade, we believe PropTech will propel the next generation of real estate to ensure its long-term value and contribution to our national economies.

“The business of finding, buying, selling, renting, and investing in property comes with the same complexities as any advanced industry – and needs the right technology to enable its potential. A combined MRI and PTG will be well-equipped to help modern real estate agencies respond to changing consumer expectations and market dynamics,” he says.

New data: Australians want one real estate agency for life

A recent YouGov national survey commissioned by MRI in Australia called “Voice of the Australian Real Estate Consumer” (link to key findings here) amplifies an example of changing consumer needs: 7 in 10 Australians say it’s a “hassle” to deal with multiple real estate agencies for property changes. It reveals that on average, Australian real estate consumers made seven (7) property transactions over the past ten years, up to one per year for Millennials (26-41 years old) moving from rentals to buying or investing in a relatively short period of time. Of those, a remarkable 3 in 5 (64%) would prefer to work with only one real estate agency for all their property needs.

“A lifetime view of a client from tenant to retiree is a significant shift in the way many real estate agencies operate today. To keep clients for life, we believe an open and connected technology ecosystem is a must. Marketing, sales, and property management need to be able to work together to deliver a ‘single view’,” says MRI’s David Bowie.

PTG Product Inclusions in MRI Acquisition

MRI’s acquisition includes a range of PTG portfolio products that automate and simplify business services at various touch points in a client’s relationship with a real estate agency, including:

1. CRM (Customer Relationship Management): VaultRE, VaultEA, and EagleCRM manage sales/listings, rentals, and contacts in a residential or commercial property context.
2. Property Investment and Insights: Real Estate Investar locates, compares, and analyses property investment opportunities, tracking national, regional, metro, and local market movements.
3. Property Inspections: RentFind Inspector simplifies property inspection and condition report generation.
4. Marketing Automation: Designly allows agents to self-manage brand assets and campaigns with one-click marketing automation, and SocialEazie offers automated social media marketing for real estate.
5. Agent and Agency Websites: WebsiteBlue is a full-service professional web design and development service and PropSEO offers all-in-one search engine optimisation.

Joe Hanna, PTG’s Group CEO and Managing Director says, “PTG was founded to help real estate businesses find a smarter way to do business – and to help our industry prosper. Bringing our respective innovations together in one ecosystem makes sense as agencies rise to the challenge of keeping clients for life. I welcome our shareholders’ support to secure closure on the agreement in the coming months so we can collectively crack on with making a positive difference.”

MRI’s David Bowie adds, “MRI has served the real estate industry for more than 50 years – including over 25 years in Australia and New Zealand. We look forward to working with PTG’s management team and employees to continue delivering on our shared commitment to offer the real estate industry choice across an open and connected PropTech ecosystem – one that supports agencies in driving further innovation and pioneering the next generation of real estate in Australia and New Zealand.”

The Australian Stock Exchange (ASX) was formally advised by PTG at AEDT 4:38pm on 31 October 2022. The acquisition has been unanimously approved by the boards of MRI and PTG and is pending shareholder and regulatory approval. PTG will continue to serve its clients as usual, without interruption. Due process is expected to take a few months. MRI is being advised by Highbury Partnership, as financial adviser, and Corrs, as legal adviser.

About PropTech Group
PropTech Group invests in, develops, and sells real estate software to real estate agencies and investors through various platforms in Australia, New Zealand, and the United Kingdom. It offers residential and commercial CRM, property management, inspections, marketing automation, agent and agency websites, data and analytics, integrations, payment solutions, and security and privacy products. The company was formerly known as Real Estate Investor Group Limited and changed its name to PropTech Group Limited in October 2020. The PropTech Group Limited was incorporated in 2009 and is based in Melbourne, Australia. For more information, visit https://proptechgroup.io/.

About MRI Software

MRI Software is a global property technology (PropTech) leader, providing real estate software solutions for commercial, residential, and social housing that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, visit www.mrisoftware.com/au.

Media contacts
For more information please contact the PR person listed below closest to you:

New Zealand & Australia
Heather Jones (+61 (0) 400 394 669)
heather.jones@mrisoftware.com

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America for MRI
Rachel Antman (+1 212 362 5837)
rachel@saygency.com

[1] Implied equity value based on a cash proposal of A$0.60 per PropTech Group share multiplied by 155,645,079 PropTech Group shares on issue (on a fully diluted basis).

PropTech firm showcases MRI Agora and new AI-first solutions at Ascend users conference 

New Orleans – October 25, 2022 – MRI Software, a global leader in real estate solutions, presented its vision for the next generation of its open and connected technology platform, MRI Agora™, at the Ascend users conference in New Orleans on October 23-26. The MRI Agora platform will enable real estate businesses to make better decisions through connected data, automate mundane tasks, and differentiate through technology.  

“The new platform is the next generation in the open and connected journey that MRI pioneered years ago for real estate technology,” said Saurabh Abhyankar, Chief Product Officer of MRI Software. “Developed with an AI-first approach, the MRI Agora platform brings a brand-new real estate data platform, engaging user experiences, and connected services.”  

In recent years, the real estate sector has accelerated adoption of PropTech solutions, resulting in improvements in operational efficiency, automation, and scalability. Likewise, continued private investment and growth in the industry has significantly increased the number of software applications available. According to Statista, organisations used 110 SaaS applications on average in 2021, up from eight in 2015.   

“Every industry eventually matures from using multiple disconnected point solutions to a go-to platform of choice,” continued Abhyankar. “The OS wars ended with MacOS and Windows, the CRM wars ended with Salesforce.com, and the cloud wars ended with Azure and AWS. It’s time for the entire PropTech industry to adopt a platform that is smart, open, and hyper-connected – where technology from any provider, including MRI, our partners, third parties, and even our competitors – can connect together to enable innovation.”  

At Ascend, MRI unveiled a number of breakthrough products it will be introducing, including advanced multi-source data analytics platform MRI Agora Insights, artificial intelligence (AI)-driven MRI Forms Intelligence and MRI Chat, and new, more intuitive residential and commercial portals.   

The Platform that Powers PropTech™  

The MRI Agora platform will offer unprecedented visibility by unifying data from multiple applications and sources across the PropTech ecosystem, ultimately allowing users to perform tasks and access information through a single experience.   

MRI demonstrated the following new products at Ascend:   

• MRI Agora Insights is a new real estate data platform that allows for advanced analytics across MRI and non-MRI data sources. It can bring together structured and non-structured data, IoT data, and APIs to provide the broad insights needed in today’s competitive landscape. Additionally, for the first time in the industry, the MRI Agora Insights Anywhere analytics offering will deliver insights from any of these sources directly into the applications users use every day. Together, these provide a new benchmark for actionable insights in real estate. 
• MRI Forms Intelligence leverages AI to help businesses become more efficient by quickly reading scanned and digital documents such as tax forms and certificates, reducing manual forms processing and data errors.  
• MRI Chat enables multifamily teams to accelerate the leasing process through a smart communications platform that uses AI with natural language processing to intelligently answer questions, engage more leads, and qualify more prospects.  
• New residential and commercial portals will provide an intuitive experience for multifamily and commercial tenants, offering self-service capabilities that reduce the operational burden on property managers and help landlords drive occupancy in a highly competitive environment. 

The MRI Ascend Users Conference for EMEA will take place on December 7 in London. Clients can register for the event here: https://mriusersconference.com/emea/  

Supporting Resources 

• Video: Introducing MRI Agora 

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit www.mrisoftware.com/.  

Acquisition provides deeper tenant insights and risk mitigation for commercial and residential real estate owners amidst global economic uncertainty

Cape Town – 19 October 2022 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial, and education markets in South Africa. TPN’s comprehensive solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits.

Founded in 2000, TPN serves more than 20,000 property and education clients, including landlords, property and institutional investors, property funds, brokers, managing agents, and practitioners. TPN is widely known for providing valuable data and insights to the likes of the South African Reserve Bank (SARB), major commercial banks, most of South Africa’s listed Real Estate Investment Trusts (REITs), and a variety of industry bodies.

“In the face of global economic uncertainty and the financial pressures created by widespread inflation, it’s more important than ever to have accurate, detailed tenant profiles to support decision-making,” said Mark Fairweather, Managing Director of MRI Africa. “TPN is recognised as the most comprehensive authority on tenant behaviour in the region, and we are exceptionally excited to welcome them to the MRI family. We share many clients with TPN, and this combination will enable us to enhance the value we deliver – providing deeper insights, centralising typically disparate processes, and enabling organisational compliance. We look forward to continuing to expand our offerings in the South African market.”

MRI has established itself as a leader in commercial real estate software in South Africa and one of the largest players in the African continent and the Middle East. Data is the foundation of MRI’s worldwide open and connected ecosystem, and TPN’s established leadership in delivering deep tenant insights complements and strengthens MRI’s capabilities in its property management and accounting software portfolio – bringing clients greater efficiencies and facilitating continued growth.

“Since launching TPN over 20 years ago, we’ve created an unrivalled database of tenant and education information that has helped our clients mitigate risk and optimise cashflow. We are proud to have supported clients across South Africa by enhancing their operations while navigating both change and opportunity alike,” said Chris Dickens, Chief Information Officer of TPN Group. “Joining MRI means our clients will benefit from greater business reach and gain access to enhanced capabilities, supported by scaled organisational structure.”

The acquisition demonstrates MRI’s ongoing commitment to the South African market and enhances the company’s local presence and support. MRI will continue to serve TPN clients without interruption.

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than four million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.

Media contacts
For more information please contact the PR person listed below closest to you:

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America
Rachel Antman (+1 212 362 5837)
rachel@saygency.com

Australia and New Zealand
Heather Jones (+61 400 394 669)
heather@hjconsulting.com.au

PropTech firm welcomes former PayPal executive Susan Avelluto as new CPO, while experienced executive and author Jill Popelka joins Board of Directors

Solon, Ohio – 13 October, 2022 – MRI Software, a global leader in real estate technology, announces that it has appointed Susan Avelluto to the role of Chief People Officer to help the company continue to build a culture that attracts and retains the best talent in the PropTech sector. Additionally, MRI announces that long-time business executive and author Jill Popelka is joining its Board of Directors.

“I’m thrilled to welcome Susan to the MRI team,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “She has an incredible track record of enhancing the employee experience and is passionate about connecting, empowering, and celebrating people. These values are at the core of MRI’s mission. We are also delighted to have Jill join the Board of Directors and bring her own insights into what drives people and business success.”

Avelluto, based in Ohio, was most recently the Global Head of Talent Development at PayPal, where she built and fostered a culture of learning and growth, performance development and feedback, and people analytics. She also created and implemented a wellness practice. Before PayPal, Avelluto held senior-level Human Resources positions at Huntington National Bank, JP Morgan Chase and Bank of America.

“I’m excited to join the MRI family and build on the company’s amazing workplace culture, including strengthening our commitment to community engagement, social impact and DEI,” Avelluto said. “I strive to create the best possible environment for people to be engaged, authentic, healthy and inspired. We will aim to continue to develop the full potential of employees within MRI, while fostering a working environment that enables the company to attract and retain the best talent in the real estate technology sector.”

Popelka joins the MRI board with her own focus on people and culture. She served as President of SAP Success Factors, leading strategic direction, customer success, and business health for SAP’s largest cloud line of business. Popelka’s international work experience contributes a wealth of knowledge around driving client centricity, supporting growth, and creating value in new markets. She is passionate about shaping a people-centric culture and recently published a book, Experience, Inc.: Why Companies that Uncover Purpose, Create Connection, and Celebrate Their People Will Triumph. The Wall Street Journal bestseller offers readers a deep dive into what makes an unparalleled employee experience, why it makes people want to join organisations, and how companies can create it.

In addition to Popelka, MRI’s Board also includes Patrick Ghilani and key representatives from the company’s three investment groups: TA Associates, GI Partners, and Harvest Partners.

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.

Media Contacts:
(U.S. for MRI)
Rachel Antman (+1 212 362 5837)
rachel@saygency.com

(EMEA for MRI)
Platform Communications
Hugh Filman (+44 7905 044850)
or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

(ANZ for MRI)
Heather Jones (+61 400 394 669)
heather@hjconsulting.com.au

Acquisition will enable retailers and destinations to optimise operations via real-time data and actionable insights

London – 3 October, 2022 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of UK-based Springboard, a leading provider of footfall counting and artificial intelligence (AI)-powered analytics to retailers, landlords, and government bodies. In acquiring Springboard, MRI will expand its MRI @Work™ for Retail solutions suite, which currently serves more than 500 retailers and retail property owners and operators globally.

Leveraging plug-and-play software, existing camera networks, and proprietary AI-powered algorithms, the Springboard™ solution provides real-time data and actionable insights, enabling retail stakeholders to optimise operations and improve outcomes for both individual retail locations and retail destinations. The solution continuously measures visitor activity, capturing anonymised demographic and sentiment information while identifying behaviour patterns – such as movement and dwell time – and presents this information via a comprehensive, easy-to-use reporting platform.

“Springboard is an exciting addition to the MRI family that will bolster our retail and smart data offerings and provide clients with deeper insights to guide their business decisions,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “In light of post-pandemic shifts in the retail landscape, the adoption of in-store technology has become increasingly critical, and physical locations are playing a more prominent role in a redefined shopper and guest experience. Springboard’s intelligent, actionable data enables retail stakeholders to increase shopper traffic and engagement, improve capture and conversation rates, and, ultimately, level the analytical playing field between e-commerce and brick-and-mortar.”

Founded in 2002, Springboard holds the industry’s largest and most comprehensive data set on footfall. Serving more than 450 clients across 3,000-plus sites, the company is trusted by global media outlets, brands, and governing bodies for the accuracy of its data, quality of reporting, and retail insights.

“Our clients will benefit tremendously from Springboard joining an organisation of MRI’s global scale and broad solution portfolio, and we look forward to bringing our solutions to their dynamic client community,” says Steve Booth, Chief Executive Officer of Springboard. “Footfall is a huge predictor of business performance, and precise data ultimately helps businesses make faster, more informed decisions that optimise store operations and generate more revenue. We look forward to continued innovation in collaboration with the MRI team.”

Springboard will continue to serve its clients without interruption.

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit mrisoftware.com.

About Springboard
Springboard is the leading provider of insights on bricks and mortar retail activity, tracking and forecasting pedestrian traffic and delivering performance metrics across retail destinations since 2002. Springboard has the most comprehensive pedestrian traffic data using the latest generation automated technology. Globally, Springboard records over 600 million pedestrian traffic counts per week at 6,637 counting points in 3,350 shopping locations. Springboard partners with leading brands across the world and is relied upon by global media and government bodies. For more information, please visit spring-board.info.

Media contacts
For more information please contact the PR person listed below closest to you:

EMEA for MRI
Platform Communications
Katrina Trantau
+44 7597 163076
Hugh Filman
+44 7905 044850
mri@platformcomms.com

North America for MRI
Rachel Antman
+1 212-362-5837
rachel@saygency.com

ANZ for MRI
Heather Jones
+61 400 394 669
heather@hjconsulting.com.au

Marina Avisar to help guide the global PropTech firm’s expanding Canadian footprint and facilities management strategy in North America

Solon, Ohio – September 27, 2022 – MRI Software, a global leader in real estate technology, announced that it has appointed Marina Avisar as General Manager, Facilities Management for North America and Managing Director of Canada. The new leadership role is key to MRI’s strategic expansion in the Canadian market.

“I’m thrilled to welcome Marina to the MRI leadership team,” said John Ensign, President and Executive Managing Director of North America for MRI Software. “This is an exciting time for our company, particularly in Canada, as we’ve continued to grow our footprint, product portfolio and employee base to enable our clients to thrive in a competitive market. Marina’s extensive leadership background and track record of delivering tangible results will be instrumental to ensuring a future of sustainable growth and client success in the region.”

Avisar, who is based in Toronto, brings over 20 years of successful leadership experience in technology companies, with progressive roles across multiple disciplines, including engineering, sales, operations and product management. Most recently, she served as CEO at MoveSnap, CEO at Interdev Technologies and Vocantas, and Managing Director at Aspire Software.

“MRI is a globally respected PropTech leader. I’m excited about the opportunity to join a company whose track record of innovation is as inspiring as its vision for the industry’s future,” said Avisar. “In addition to spearheading our facilities management strategy in North America, I look forward to continue building on the solid foundation already in place, ensuring that we’re providing the products, services and support our Canadian clients need to stand out in a crowded market while securing, optimising and streamlining their business.”

Avisar’s addition to the MRI leadership team underscores the company’s commitment to strengthening its Canadian presence and resources to better serve its multifamily, commercial and occupier clients better. In fact, over the last year, MRI acquired two Toronto-based companies, Findspace (2021) and Angus Systems (2022), significantly enhancing its commercial marketing and facilities management capabilities.

To further support its growth in the region, MRI will establish a new regional data center to enable Canadian clients to have their data hosted in country. The new cloud environment will be available in Q1 2023.

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit www.mrisoftware.com/.

Media contacts
For more information please contact the PR person listed below closest to you:

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America
Rachel Antman (+1 212 362 5837)
rachel@saygency.com

Australia and New Zealand
Heather Jones (+61 400 394 669)
heather@hjconsulting.com.au 

NZ real estate pioneers endorse PropertySuite innovation and business value

Auckland, NEW ZEALAND – 19 July 2022 – MRI Software is pleased to announce the acquisition of New Zealand-based PropertySuite is now complete. As an MRI Software company, PropertySuite continues operations in New Zealand and Australia where its easily integrated real estate management platform is expected to be of strong interest to existing MRI residential, commercial, rural and project marketing customers.

Michael Graves, co-founder of Auckland-based PropertySuite, says, “Along with our customers we could not be more excited about this next step in our journey. Every client relationship we have nurtured over the last twenty years continues to be important to us. Existing customers of both MRI and PropertySuite will benefit from enhanced product development and innovation, augmented client training and support, and easy access to an expanded integration ecosystem as part of the MRI Software suite of solutions.”

PropertySuite is well-known and respected as an innovative, cloud-based PropTech solution that integrates relationship management, print and digital media and marketing management, and transaction and financial management into one cloud-based platform for real estate agencies. It solves many challenges common among modern real estate agencies in New Zealand and Australia such as consolidating disparate systems, reducing duplicative efforts, and automating manual processes.

NZ agency leaders respond to acquisition news

The New Zealand real estate industry responded positively to news of MRI’s intent to acquire the PropTech innovator after it was first announced last month, as the following comments from across residential, commercial, and agri-business leaders attest:

The Professionals in Palmerston North’s Principal and Director Steve Williams says, “There is no other system like PropertySuite in the New Zealand market. Its huge strength is how flexible and adaptable it is. For a business like ours, PropertySuite provides operational and cost efficiencies together with an in-depth understanding and control of our business in real time. We enjoy our partnership-like relationship with PropertySuite as they listen to our suggestions and deliver accordingly, and we are very supportive of this move to join forces with a company as impressive as MRI Software. We look forward to a great future of enhanced innovation and success because of MRI’s involvement and a further strengthening of our partnership.”

McDonald Real Estate Managing Director Daniel McDonald says, “I am the fourth generation of my family to work with McDonald Real Estate who have been serving the Taranaki community for more than 100 years. Nine years ago, we realised we needed to take our business to the next level. We chose the PropertySuite solution and team as the primary enabler of that transformation, and we are extremely satisfied with the achievements of our partnership to date. MRI Software has spotted great technology and talent in acquiring PropertySuite. It is more than just a CRM (Customer Relationship Management), PropertySuite is a company-wide system that means we have reached efficiencies and effectiveness beyond our dreams, and we look forward to working with them well into the future.”

Property Brokers’ Managing Director Guy Mordaunt says, “Property Brokers has been a partner of PropertySuite for the last ten years and are excited to see the company grow through the acquisition by MRI Software. Mike and the PropertySuite team have been a big part of our growth over the last decade and have facilitated a lot of our strategy. They understand our business and have worked hard to meet the specific needs and challenges facing our market and business. We are excited to see how MRI can add even more value to this special relationship.”

Rural specialist PGG Wrightson Real Estate’s Operations Manager Raewyn Miller says, “It is critical to PGG Wrightson Real Estate that any technology partner truly understands the specific needs of an agri-business. PropertySuite meets that requirement and so much more having rural, lifestyle and residential real estate peculiarities of provincial New Zealand baked into its software with the bonus of being able to further tailor the application to meet our specific business needs. I have every confidence in recommending PropertySuite from MRI Software to any rural lifestyle specialist if it is not in our communities because it gives us such a competitive edge.”

Such a range of positive responses from a diverse customer group shows how highly regarded and adaptable PropertySuite is across residential, rural, commercial and project marketing environments, says David Bowie, Managing Director and Senior Vice President (Asia Pacific) for MRI Software.

“MRI has been a pioneer in real estate software for over 50 years, laser-focused on innovation and enabling transformation of the real estate industry with great technology, like PropertySuite. As of today, we officially welcome their 4,000 customers into the MRI ecosystem, and we look forward to sharing the easily integrated innovation of PropertySuite with our existing MRI customers too,” says Bowie.

MRI has acquired two other New Zealand-based PropTech innovators since March 2021: Palace and WhosOnLocation (now called MRI OnLocation), leading providers of New Zealand property management and global workplace management solutions, respectively. PropertySuite already integrates with Palace so existing clients of both will immediately benefit.

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 owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. MRI became one of the first real estate software providers to serve Australia and New Zealand in 1995 and has since further strengthened its commitment to the region with the acquisitions of Rockend, WhosOnLocation, Box+Dice, Palace and PropertySuite. For more information, visit mrisoftware.com/nz.

Media contacts
For more information please contact the PR person listed below closest to you:

New Zealand & Australia
Heather Jones (+61 (0) 400 394 669)
heather.jones@mrisoftware.com

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America for MRI
Rachel Antman (+1 212 362 5837)
rachel@saygency.com

Adding feature-rich sales CRM to its suite of PropTech solutions

Auckland, NEW ZEALAND – 16 June 2022 – Global PropTech leader, MRI Software, has entered into an agreement to acquire New Zealand-based PropertySuite, an innovative, cloud-based PropTech solution that integrates relationship management, print and digital media and marketing management, and transaction and financial management into one platform for real estate agencies.

Nearly two decades since its founding, PropertySuite’s single, comprehensive platform is now used by more than 4,000 residential, commercial, rural and project marketing real estate professionals across Australasia to consolidate disparate systems, reduce duplicative efforts, and automate manual processes. The company’s long cultivated client base includes some of New Zealand’s largest and most well-established agencies.

David Bowie, Managing Director and Senior Vice President (Asia Pacific) for MRI Software says the intent to acquire PropertySuite highlights MRI’s driving dedication to making life easier for modern real estate agencies grappling with extraordinary change.

“There’s definite demand from real estate agencies in this region to digitise and take advantage of the promises of web-enabled automation. The beauty of PropertySuite is it was designed and built specifically for the New Zealand market, so it has a long legacy of delivering the value clients in this market expect.

“Our goal is to offer powerful, easy-to-use tools that agencies of any size, sector, or location – be it city or rural – can access to unlock growth. The innovation embedded within PropertySuite is world-class, particularly its media publishing, marketing tools, and full website design solutions. It’s remarkably easy to use, mobile friendly, and intuitive, which our clients will love,” Bowie said.

Michael Graves, Managing Director for PropertySuite says, “MRI’s open and connected ecosystem resonates deeply with our own philosophy. In fact, PropertySuite already integrates with more than 250 third-party solutions, helping deliver increased scalability, operational simplicity and ease-of-use for agencies. Our industry-specific solutions and market strength will only be enhanced with MRI’s 50 years’ experience in real estate software and innovation. It’s an absolute coup for our clients and team to have this opportunity to join our best-in-class solutions with MRI’s global development, customer service and support resources to accelerate our product innovation throughout the region.”

MRI also acquired Palace and WhosOnLocation, leading providers of New Zealand property management and workplace management solutions respectively, in March of last year. Today’s announcement further demonstrates the company’s ongoing commitment to delivering tailored solutions and increasing value for clients of all sizes in the growing market.

Palace and PropertySuite clients will immediately benefit from the existing integration. The acquisition is expected to be finalised later this month.
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 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 two million users worldwide. 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. MRI became one of the first real estate software providers to serve Australia and New Zealand in 1995 and has since further strengthened its commitment to the region with the acquisitions of Rockend, WhosOnLocation, Box+Dice, Palace and PropertySuite. For more information, visit mrisoftware.com/nz.

Media contacts
For more information please contact the PR person listed below closest to you:

New Zealand & Australia
Heather Jones (+61 (0) 400 394 669)
heather.jones@mrisoftware.com

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America for MRI
Rachel Antman (+1 212 362 5837)
rachel@saygency.com