Lowes Manhattan, an Australian and family owned clothing retailer have selected MRI Software’s ProLease solution to manage the leases of their 200 stores nationwide. With upcoming IFRS 16 and AASB 16 financial regulations taking effect this year, Lowes needed a solution to help maintain compliance with the new lease accounting standards and simplify business critical calculations. MRI ProLease offers accounting modules that have been developed and tested in consultation with members of the FASB and IFRS boards, to help businesses thrive through these changes.

Jim Kondonis, Chief Financial Officer at Lowes Manhattan, said: “The comprehensive capitalisation schedules within MRI ProLease allow us to hand over our lease liability reports to our auditors with confidence, so we can focus our time on revenue generating projects. We believe MRI ProLease to be the most robust platform available for the changing needs of our business.”

Richard Exley, Sales Director ANZ at MRI Software, said: “We are thrilled to deliver MRI ProLease to such a recognisable Australian brand like Lowes Manhattan. We are excited to provide the lease compliance and accounting tools they require as we near the changes to financial regulations taking effect this year.”

As a proud Australian icon, Lowes continues to offer well-made clothing at affordable prices. The company has grown from humble beginnings in 1898 to over 200 stores nationwide whilst still being 100% Australia and family owned. Today, Lowes offers much more than just menswear, with many products both online or at a store near you.

MRI ProLease serves more than 800 clients across 40 industries, including real estate, retail, healthcare, government and education. Clients rely on MRI ProLease to easily track their real estate leases, equipment leases and workplace data, as well for compliance with the new lease accounting standards AASB 16 and IFRS 16. MRI ProLease is a solution offered by MRI Software, a global leader in real estate software solutions that provides innovative technology and services for real estate owners, operators, occupiers, and investors.

PropTech pioneer introduces key capabilities to enhance its comprehensive MRI Living, MRI @Work and Financials suites in face of emerging challenges

Solon, Ohio – April 28, 2020 – MRI Software (“MRI”), a global leader in real estate software solutions, announces the launch of key new and updated features for its residential, commercial and financials solutions that will better equip its clients to navigate the emerging challenges of the COVID-19 crisis. The company has introduced enhancements to its comprehensive MRI Living, MRI @Work and Financials suites that will empower owners and operators of both residential and commercial properties to adapt to changing behaviors and market conditions resulting from the pandemic.

“COVID-19, both the pandemic and the necessary response, slammed the brakes on the global economy. This rapid change created a new set of operational and living conditions to which real estate owners and operators had to adjust. We are seeing rapid adoption of new features as well as more mature features that enable socially distant business practices,” says Patrick Ghilani, CEO of MRI Software.

Brian Zrimsek, Industry Principal, MRI Software, adds: “Looking forward, we expect to see real estate organizations continue to leverage newly implemented technology tools throughout the recovery period and into the new normal. Companies that undergo digital transformation during this time will continue to rely on innovation and technology adoption in the future.”

MRI added several product enhancements to provide landlords and property managers with access to digital tools and services that address rent payment concerns, ensure effective communication with residential and commercial tenants, and help manage the impact on assets and portfolios:

Deferred payment agreements – As tenants and residents seek rent relief due to the economic fallout of the crisis, commercial and residential operators may need to account for deferred payment agreements to accommodate partial payments and delayed payments. The ability to manage and account for these, where balances due are spread over future periods, is now available to MRI Living and MRI @Work clients.

Outbound Call Routing for Automated Communications – A new Outbound Call Routing feature in MRI’s Callmax Automated Communications suite allows users to make calls to prospects and residents as if they are coming from the property’s office phone. With most agents working remotely during the crisis, this feature ensures that properties can stay connected while displaying the proper callback information. These calls are tracked and stored in Callmax so that activity is monitored and available for future reference.

Enhanced Service requests submittal features in Resident Connect – With many properties only handling emergencies and deploying maintenance staff where absolutely necessary, a new feature of MRI’s resident portal helps set expectations as to what qualifies as an emergency. The capability to gather additional information, such as insight into internal unit conditions, is now available, allowing for enhanced data capture during service request submittal.

Calculate Adjusted Depreciation in Fixed Asset Accounting – COVID-19 relief measures bring a significant US federal tax change affecting the management of physical assets. The CARES Act recently enacted in the US impacts fixed asset adjusted depreciation and designates “qualified improvement property” as 15-year Modified Accelerated Cost Recovery Systems property and assigns a 20-year life if an Alternative Depreciation System is elected or required. The amendment is retroactive to 2018. MRI Fixed Asset Accounting software provides users with the flexibility to comply with federal tax changes and easily set up the updated depreciation method with a few clicks.

Advanced Retail Insights and Accounts Receivable Insights – With operating income and cash flow being more essential than ever, two new interactive dashboards powered by MRI’s Analytix suite ensure visibility into key metrics to help organizations navigate these difficult times. The Advanced Retail dashboards provide insights into occupancy and retail metrics, allowing users to visualize exposure by tenant category, region, and asset across the entire portfolio. The Accounts Receivable dashboard provides critical trending information for paid and outstanding receivables, also by asset and geographic attributes across the portfolio. Both solutions benefit from minimal implementation needs, allowing clients to take advantage of them rapidly.

“We are seeing an increasing need for property managers and tenants to rely on digital services as the more rapid shift to a contactless society is being driven by the COVID-19 crisis,” notes Zrimsek. “At MRI, we are doing everything we can to preserve business continuity in the face of remote work scenarios and economic slowdown. Making full use of the technology at their disposal is the best option property owners and managers can take to ensure that important work still gets done, while observing social distancing requirements and other restrictions.”

Supporting Resources

• MRI Software COVID-19 Resource Center
• Blog: Calculate Fixed Asset Adjusted Depreciation to Comply with Federal Tax Changes
• Blog: New PropTech Features to Combat the Uncertainty Created by COVID-19

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:

(UK) Platform Communications for MRI
PJ Chou (+44 20 3219 5837)
Zoe Mumba (+44 7725 832393)
or Hugh Filman (+44 7905 044850)
mri@platformcomms.com

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

Global real estate solutions provider promotes longtime finance VP to Chief Financial Officer and brings in experienced software industry leader as SVP and Managing Director for Asia Pacific

Solon, Ohio – April 23, 2020 – MRI Software, a global leader in real estate software solutions, announces that it has strengthened its leadership team, promoting Roman Telerman to Chief Financial Officer from Vice President of Finance and appointing experienced software executive David Bowie as its Senior Vice President and Managing Director, Asia Pacific. Telerman provides invaluable organizational and financial leadership experience as the company continues its strong growth trajectory through organic development and acquisition, while Bowie brings more than 25 years’ experience in the APAC software space where MRI is expanding rapidly and now has an extensive client base.

“Roman has played an instrumental role at MRI through a period of significant growth and transformation,” said Patrick Ghilani, MRI Software’s Chief Executive Officer. “During his tenure, the company has grown topline revenue more than 6x and total employees tenfold to nearly 1,700 globally. Roman played an instrumental role in securing all of MRI’s acquisitions to date and has been the backbone around which the Finance team is currently structured. I am thrilled to congratulate him on becoming MRI Software’s Chief Financial Officer.”

With MRI since 2010, Telerman has seen the company expand its global presence from 35 countries to more than 170. Responsible for managing global financial strategy, operations and forecasting, he will continue to support MRI’s growth, scalability and financial health. He says: “I’m excited to further contribute to MRI’s growth strategy and execution as CFO. It has been a great journey so far and promises to offer new opportunities as we continue to grow into new real estate subsectors and extend our global reach.”

Based in Sydney, Bowie joins MRI from AI and analytics industry leader SAS, where he was Vice President and Managing Director for its Australia and New Zealand division, after holding leadership roles at IBM and Dimension Data. Bowie says: “I am eager to take up this new role to help steer further growth and support MRI’s expanding client base in APAC, where we have significant opportunity to bring continued innovations to the PropTech sector in the region.”

Ghilani says: “David brings critical experience in leading product innovation and ensuring top-caliber client support in APAC. He will be a huge asset to the executive team and is a proven industry leader who has spearheaded significant growth and transformation.”

Last year MRI acquired Rockend, the market-leading provider of residential property and strata management solutions in the ANZ PropTech sector, significantly expanding its offering in the region and bringing the largest residential footprint in Australia into the MRI fold. The company now has close to 6,000 clients and over 200 employees in the APAC region.

Telerman replaces Bruce Duner, MRI’s outgoing CFO, who joined in early 2019 and saw the company through a number of key acquisitions, as well as helping bring Harvest Partners onboard as an investor. Ghilani notes: “The contributions Bruce made to MRI will have a lasting impact on our future success, and we greatly appreciate his dedication and leadership. We wish him great success as he moves onto his next endeavor.”

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:

Platform Communications for MRI
Hugh Filman (+44 7905 044850)
or Zoe Mumba (+44 7725 832393)
mri@platformcomms.com

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

Addition of specialist social housing management software provider broadens coverage for the growing UK housing sector

London – March 31, 2020 – MRI Software, a global leader in real estate software solutions, announces the acquisition of Orchard Information Systems, a specialist provider of software solutions for the UK social housing sector. The acquisition adds to MRI’s offering for the UK residential market and provides innovation and scale to extend the reach of Orchard’s solutions to better serve the growing social housing sector.

“We are excited to welcome Orchard into the MRI family,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “By uniting Orchard’s expertise in social housing with MRI’s solutions for managing residential, build-to-rent, leasehold block management and mixed-use properties, we are now extremely well equipped to address the varying needs and evolving business models of the UK residential market with a comprehensive and flexible product portfolio. Together, MRI and Orchard provide important tools for our clients to positively impact their communities and support the increased need for social housing in the UK.”

With locations in Newcastle, UK and Donegal, Ireland, Orchard is a leading provider of social housing property management solutions and services to UK housing organisations and councils. As a result of the acquisition, Orchard clients can now benefit from MRI’s additional cloud software offerings, resident portal and component accounting capabilities to help manage and grow diverse portfolios.

Pat Clarke, Chief Executive Officer of Orchard Information Systems, says: “As part of MRI Software, Orchard will gain access to additional resources, technology and expertise to further strengthen our support for UK social housing. The acquisition brings together two companies with a shared commitment to innovation and a strong alignment of culture and values, paving the way for us to better serve the changing needs of the UK social housing sector.”

Orchard will continue to serve its clients without interruption and remains committed to supporting all organisations.

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 gives organisations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

 

MEDIA CONTACTS:

Hugh Filman, Zoe Mumba or PJ Chou

mri@platformcomms.com

+44 20-7486-4900

Rachel Antman

rachel@saygency.com

+1 212-362-5837

Event demonstrates the value of PropTech solutions MRI Living and MRI @Work for the EMEA market and honours clients with the MRI Innovation Awards

London, February 19, 2020 – MRI Software (“MRI”), a global leader in real estate software solutions, announced the European launch of MRI Living and MRI @Work at Ascend London, the organisation’s largest-ever event in the region, held on February 12-13. The comprehensive residential and commercial property management solutions expand on MRI’s existing technologies for the European market, offering clients additional flexibility to meet the shifting demands of the property industry with an innovative PropTech platform.

The MRI Living suite of residential solutions includes flexible portal technology to connect resident communities and improve customer service, while streamlining operations for landlords and property managers. MRI @Work provides an integrated suite of commercial solutions including Lease Intelligence, MRI’s lease abstraction and analysis solution powered by artificial intelligence, enabling clients to save time, improve data quality and gain portfolio insights.

MRI Living and MRI @Work were officially unveiled to over 550 Ascend London attendees – including delegates, technology partners and industry professionals – gathered at etc.venues 133 Houndsditch for two days of keynotes, presentations, seminars, workshops, networking events and exhibits from MRI and its technology partners.

“Ascend provides an opportunity for us to share insights and collaborate with clients and partners to continue shaping the future of PropTech in the UK and the broader European market,” says Dermot Briody, MRI’s Executive Managing Director, Europe. “MRI Living and MRI @Work offer property owners, occupiers and managers a broad set of integrated solutions that help them optimise the efficiency of their entire property portfolios so they can enhance customer service and better navigate the evolving market.”

MRI also revealed that its asset management solution, Investment Central, will be launched in Europe at MIPIM 2020 March 10-13 in Cannes, France, where visitors to its stand (R7.C13) can view a live demonstration or book a private meeting. Investment Central enables developers, syndicators and investors to manage real estate investments and create more informed portfolio strategies – allowing users to consolidate disparate investment data and documents to support comprehensive risk management and efficient reporting to stakeholders.

The European winners of the MRI Innovation Awards were also announced at Ascend London. These awards recognised six clients and one partner for their achievements and success in leveraging the company’s open and connected software solutions. The MRI Innovation awards are presented at MRI users conferences around the world to honour the innovation of its clients globally.

2020 MRI Innovation Award recipients in Europe:

• Flexibility: Recognising clients who best utilise MRI tools and the Partner Connect ecosystem to create a single experience of software excellence for their business – Winners: Knight Frank; and Legal & General Investment Management
• Ambassador of the Year: Recognising individuals who embrace their membership in the MRI community by providing guidance, support, and/or ideas to their colleagues and the industry as a whole – Winners: Cecilia Crump, South West Yorkshire Partnership NHS Trust; and Nathan Spitzer, Alliance Managing Agents
• Community: Recognising clients who help the wider user community by working alongside MRI on new developments and service offerings – Winner: Grosvenor Estate
• Project of the Year: Recognising a major project with a significant impact on the client’s operations and strategy, as well as the range of functionality and services being delivered by the MRI Professional Services team – Winner: The Arch Co & Network Rail
• Partner of the Year: Recognising partners who use their partnership with MRI Software to go above and beyond in reaching new audiences, creating new integration points, and generating more demand from clients – Winner: Fixflo

Ascend London follows a highly successful North American MRI Ascend users conference in Anaheim, California in October, which saw a range of new solution launches. MRI Ascend APAC will take place in Sydney, Australia on 13-14 May and MRI Ascend Africa will follow in Johannesburg, South Africa on 10 June.

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:
Rachel Antman
rachel@saygency.com
+1 212-362-5837

Hugh Filman, Zoe Mumba or PJ Chou
Platform Communications
mri@platformcomms.com
+44 20-7486-4900

Harvest Partners joins GI Partners and TA Associates in backing MRI’s mission to help real estate companies improve operations and maximize portfolio value through an open PropTech ecosystem

Solon, Ohio – January 15, 2020 – MRI Software, a global leader in real estate software solutions, announces that funds managed by Harvest Partners, LP, a leading private equity firm, are making a substantial strategic investment in the company. Harvest Partners joins existing investors TA Associates and GI Partners as institutional shareholders in MRI. At the same time, TA Associates is also making a significant new investment in the business. These investments will enable MRI to bolster innovation across its end-to-end offering, accelerate growth, extend its global footprint and deliver on its mission to create an open technology environment for the real estate industry.

Patrick Ghilani, MRI’s Chief Executive Officer, comments: “Harvest is an experienced investor with a long-term perspective that will help MRI continue to meet the growing and evolving needs of our clients, innovate our software portfolio and provide world-class global service. We believe the added capital will further the development of our comprehensive software portfolio and allow for strategic add-on acquisitions to meet the needs of a rapidly changing market. Our management team is invigorated to continue our mission in this new decade with the support of these three experienced investors.”

Today, MRI has more than 8,500 enterprise clients, representing over two million users, who rely on the company’s applications to run their daily real estate operations. MRI has experienced unprecedented growth over the last three years, both organically and through strategic acquisitions, resulting in a more than tripling of the size of the business. Over the same timeframe, the number of MRI employees has more than doubled to 1,450.

MRI has significantly expanded its global footprint with major strategic acquisitions in the United Kingdom, South Africa and Australia. The company has also made key acquisitions that strengthen its product offering and capacity for future innovation, including Leverton, a pioneer in artificial intelligence for the real estate sector, and ProLease, which enhanced capabilities aimed at helping corporate occupiers manage lease administration and analysis while meeting new global accounting standards. MRI now serves clients in more than 170 countries from 30 locations around the world, including Cleveland, Atlanta, Boston, Toronto, London, Cape Town, Singapore, and Sydney.

Hythem T. El-Nazer, Managing Director of TA Associates, says: “Since making our investment in MRI in June 2017, the business has accelerated its growth via continued innovation in new applications and through strategic acquisitions that have extended its global footprint. We are excited about making a further investment in MRI alongside Harvest and are thrilled to continue to back Patrick Ghilani and his leadership team.”

Travis Pearson, Managing Director of GI Partners, adds: “Since GI Partners first invested in MRI in June 2015, the company has demonstrated the ability to capitalize on new investment and deliver innovation, accelerated organic growth and a compelling global competitive position. We appreciate the outstanding leadership that Patrick and the rest of the MRI executive team have delivered and look forward to the company’s next stage of growth.”

Andrew Schoenthal, Partner at Harvest Partners, notes: “We could not be more excited to support MRI on the next phase of their journey. We have watched MRI’s success over the years and are pleased to have the opportunity to be a part of it. We look forward to partnering with management, TA Associates and GI Partners to continue to build the leading provider of real estate software solutions globally.”

TA Associates, GI Partners and Harvest Partners will have equal representation on the MRI Board of Directors. UBS is acting as the exclusive financial advisor and Kirkland & Ellis and Goodwin Procter are acting as legal advisors to MRI Software, GI Partners and TA Associates during the transaction. White & Case is acting as legal advisor to Harvest Partners.

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

About Harvest Partners
Founded in 1981, Harvest Partners is a leading New York-based private equity investment firm that focuses on investments in middle-market companies in the business services & consumer, healthcare, industrial services and manufacturing & distribution sectors. This strategy leverages Harvest Partners’ 35+ years of experience in financing organic and acquisition-oriented growth companies. For more information, please visit harvestpartners.com.

About GI Partners
Founded in 2001, GI Partners is a private investment firm based in San Francisco, California. The firm has raised $20 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the Healthcare, IT Infrastructure, Services, and Software sectors. The real estate team invests across a broad range of platforms and strategies. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. For more information on GI Partners and its entire portfolio, please visit www.gipartners.com.

About TA Associates
TA Associates is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in more than 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in high quality growth companies. TA has raised $33.5 billion in capital since its founding in 1968 and is committing to new investments at the pace of over $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

MEDIA CONTACTS:
Hugh Filman, Zoe Mumba or PJ Chou
mri@platformcomms.com
+44 20-7486-4900

Rachel Antman
rachel@saygency.com
+1 212-362-5837

The CT Group, Harbor Group Management, Urban Edge Properties and insightsoftware are presented with awards at MRI’s Ascend users conference in Anaheim

Solon, Ohio – October 18, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announced the recipients of the second annual MRI Innovation Awards at its Ascend users conference, which was held in Anaheim on October 13-16. The awards, which were presented in the general session on the second day of Ascend, address four categories: Community, Flexibility, Ambassador of the Year and Partner of the Year. They honor MRI clients and partners that have leveraged the company’s open and connected software and extensive partner network to elevate their business and gain a competitive advantage.

“This is the second year in which we are honoring our community of clients and partners – who are at the core of everything we do – for their outstanding work and dedication to leveraging innovation to provide value to their customers,” said MRI Software Chief Executive Officer Patrick Ghilani, who presented the awards along with Chuck McDowell, Senior Vice President of Commercial and Financial Solutions. “This year’s award winners have been champions of the open and connected approach to software, dedicated to pushing industry boundaries and getting the most out of technology to gain insight, efficiency and a competitive edge.”

2019 MRI Innovation Award recipients:

Community: The CT Group
The CT Group, which provides asset and property management services for owners of affordable/moderate income rental housing, has been instrumental in providing ideas and feedback to MRI that support the development of advanced Affordable Housing solutions. In working with MRI, the CT Group has participated in beta testing and helped shape MRI training procedures to better meet the needs of the industry.

Flexibility: Harbor Group Management
Harbor Group Management Co., LLC (Harbor Group Management), a leading property management company in the multifamily and commercial sector, has made innovative use of MRI’s flexibility and openness to create a unique software ecosystem for its business. Harbor Group Management has successfully streamlined workflow across the business through real-time integrations between MRI and multiple partner and non-partner solutions. The team also provides valuable user feedback on ways MRI can evolve and enhance its products, helping contribute to future innovations for real estate technology.

Ambassador of the Year: Cecilia Li, Urban Edge Properties
Cecilia Li is Senior Vice President of Information Technology at Urban Edge Properties, a real estate investment trust (REIT) that acquires, develops, owns, manages and improves shopping centers in and on the edge of urban communities. She has helped her company implement and harness a unique retail technology infrastructure, allowing it to make huge strides towards fulfilling the company goal of complete efficiency. A leading industry influencer, Li shares MRI’s commitment to a flexible and open ecosystem, seeing it as integral to her approach to technology.

Partner of the Year: insightsoftware
insightsoftware, a global leader in enterprise resource planning (ERP) and enterprise performance management (EPM) reporting solutions, was recognized as an outstanding member of MRI’s Partner Connect program. The partnership has resulted in commercial success through close collaboration and shared commitment to providing flexibility and choice for mutual clients. The integration between insightsoftware’s Spreadsheet Server and MRI allows users of the two technologies to easily view real-time data and improve reporting efficiency. The company has demonstrated strong dedication to working with MRI to develop deep integrations that help clients gain insights and transparency.

“It’s an honor to be recognized as MRI’s 2019 Partner of the year,” said Tonya Cannady, Senior VP of Partnerships for insightsoftware. “Continued collaboration with MRI enables insightsoftware to deliver increased value and drive successful business outcomes for MRI’s customers.”

The MRI Innovation Awards and MRI Ascend took place in the Anaheim Convention Center. Ascend has brought together 1,300 MRI staff and users – including representatives of more than 60 technology partners – for four days of keynotes, presentations, networking events, seminars, workshops and exhibits on MRI and its real estate ecosystem. The US conference will be followed by sister events in the UK, Australia and South Africa in 2020.

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:
Rachel Antman
rachel@saygency.com
+1 212-362-5837

MEDIA CONTACTS:
Hugh Filman, Zoe Mumba or PJ Chou
Platform Communications
mri@platformcomms.com
+44 20-7486-4900

Announces innovations that further optimize the user experience for both clients and their customers and enhance integrations, workflow and access to MRI and third-party apps

Anaheim, California – October 14, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announced a range of key new solutions during the opening general session of MRI Ascend, its North American users conference, held in Anaheim on October 13th through 16th. The announcement underlines MRI’s continuing commitment to both innovation and an open and connected approach to real estate software. The announced products bring new payment, lead management, lease intelligence and secure signature capabilities to MRI’s comprehensive portfolio, while offering a more modern, consumer-oriented user experience (UX) for both clients and their customers – along with greater choice and flexibility than ever.

The new solutions were unveiled live during the general session of the Ascend users conference at the Anaheim Convention Centre, where some 1,300 attendees – including representatives of more than 60 technology partners – have converged for four days of keynotes, presentations, seminars, workshops, networking events and exhibits from MRI and its real estate ecosystem. The North American conference, which will be followed by sister events in the UK, Australia and South Africa in 2020, comes as MRI continues to enjoy rapid growth, with revenues rising by 27% in the first half of 2019 compared to the same period last year and bookings (sales for future business) up by 37% year over year.

“Ascend creates a unique atmosphere where we can listen, learn and collaborate with clients and partners and define what it means to succeed in the ever-changing real estate technology landscape,” says Patrick Ghilani, MRI’s Chief Executive Officer, who addressed the event’s general session. “The record number of innovations we’re launching at Ascend is indicative of the growing global momentum of proptech as well as the increased adoption of and demand for flexibility and choice in real estate tech.”

The announced solutions promise to further empower MRI clients to create a software ecosystem that suits their needs and preferences, while providing a range of benefits that boost efficiency, streamline processes and equip real estate players to meet future changes in the industry.

MRI Application Gateway is the new consumer-friendly, app-based homepage for all MRI and third-party solutions to which a user has access, providing:

• icons on the homepage that give the MRI user interface the familiar look and feel of a smartphone or tablet;
• a launch screen that can be tailored to make any and all applications available to users via a click, creating a singular user experience;
• a unified point of entry for all MRI-related applications through secure, single sign-on access
• the ability to add new applications from MRI’s own portfolio or its vast partner network.

MRI Payments is a comprehensive payment-processing solution that supports online and check payments for residential properties, offering:

• a robust digital payments platform that simplifies the experience for site managers, prospects and residents;
• complete visibility into all transactions with a dashboard that tracks payment trends as well as alerts and notifications;
• the ability for all transactions to be processed via a fully integrated solution, making it easier to ensure on-time payments, reduce workload and errors, and simplify the approval and onboarding process;
• support for more traditional check and money order payments as well as cash-based payments;
• a new option in an array of easy-to-integrate payment systems available in the MRI ecosystem.

MRI Lead Management integrates and extends the capabilities of Dynamic Lead Solutions, which was acquired by MRI in June, and brings leading-edge technology for tracking and engaging potential residents into the MRI Living suite of residential solutions in order to:

• give owners and operators a comprehensive set of tools to manage prospects from lead to lease;
• inform strategic decisions in marketing, leasing, staffing and operations;
• offer a road-tested solution that supports a customer-centric approach, helping improve the renter experience and maximize occupancy.

MRI Lease Intelligence brings AI-powered lease abstraction into the MRI @ Work suite of commercial solutions through the integration of Leverton and MRI. Acquired by MRI in July, Leverton enables commercial property owners, operators and occupiers to:

• efficiently extract lease data and analyze it to gain insights;
• ensure data accuracy by directly integrating MRI Lease Intelligence with MRI property management solutions;
• increase transparency and auditability of extracted lease data.

MRI Secure Sign leverages the capabilities of CTM Software, acquired by MRI in February, and enables clients to create and send their real estate documents for signature easily and efficiently with purpose-built integrations from within the MRI platform, providing:

• the ability to generate a document workflow and a dynamic document template, enabling documents to be sent to multiple recipients in a specific order from a single send;
• an integrated user experience for initial document flow and signing and for managing these so that contractual agreements are stored effectively within the system for future reference.

Ghilani concludes: “As the real estate industry continues to evolve, our innovative suite of open and connected solutions will give MRI clients the flexibility to stay ahead of the curve. Bringing together MRI, partner and other third-party solutions into a single user experience enables clients to directly access the exact mix of applications they want, making it easier than ever to create the unique ecosystem that works best for their business.”

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 gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:
Rachel Antman
rachel@saygency.com
+1 212-362-5837

Hugh Filman, Zoe Mumba or PJ Chou
Platform Communications
mri@platformcomms.com
+44 20-7486-4900