Acquisition extends MRI footprint in ANZ while adding new solutions for the rental and multi-owner, multifamily property management space

Solon, Ohio – August 1, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announces that it has acquired Rockend, the market-leading provider of residential property and strata management solutions for the Australian and New Zealand (ANZ) PropTech sector. The acquisition significantly expands MRI’s offering in the ANZ market and brings the largest residential footprint in Australia into the MRI fold, bolstering the company’s established presence as a real estate technology trailblazer.

Rockend is the leading real estate technology provider in the ANZ residential property management rental and strata sector with close to 6,000 clients. The company’s solutions are used by real estate agencies in ANZ to manage more than 1.5 million rental properties and by strata businesses to manage 750,000 strata lots in the region. Strata lots are multi-owner, multifamily residential communities that use Rockend technology for the management and upkeep of each property complex, including strictly regulated funds earmarked for ongoing maintenance, insurance and other common costs.

“Acquiring Rockend represents a milestone in our global growth strategy, and it substantially extends MRI’s footprint in ANZ while paving the way for enhanced innovation and future expansion,” says Patrick Ghilani, Chief Executive Officer of MRI Software. “The acquisition fits perfectly within our area of expertise and gives MRI clients in the region access to even more local resources across our comprehensive range of solutions. Rockend clients will likewise benefit from being part of a global provider with a broader set of offerings.”

MRI became the first major real estate software provider to serve ANZ when it entered the market in 1995, and today its commercial, residential and real estate investment software is used to manage more than 90,000 commercial lease units and over 62 million square meters of property.

“Acquiring Rockend greatly extends our capabilities in the multi-owner, multi-family and residential property management space, enhancing and extending the MRI residential solutions suite,” notes John Ensign, President and head of international operations at MRI Software. “What’s more, going forward Rockend’s expertise and technology in the strata and community management marketplace can be applied to other geographies with similar needs – such as managing condominiums.”

Headquartered in Sydney, Rockend is a proven innovator in residential property management software, launching ANZ’s first online solution for this marketplace, Property Tree, a cloud-based property management application, covering operations, communications and accounting – allowing anywhere, anytime access with intuitive functionality. Other Rockend solutions include Rest Professional, its server-based property management application, and Strata Master, its software for owner associations to manage accounts, maintenance and board/owner meetings – automating everyday tasks, simplifying compliance and improving customer service.

Alister Maple-Brown, Rockend’s Chief Executive Officer, says: “Demand for property and strata management solutions has surged as housing construction has boomed in Australia and New Zealand, particularly in the major cities. Joining an established global player with the scalability to meet that demand, take our technology to new markets and provide access to a broad range of related PropTech innovations to our local customers will help strongly position Rockend for continued growth. Additionally, MRI’s commitment to innovation and the industry is very much in line with the Rockend values.”

By bolstering MRI’s market presence in ANZ, increasing staff as well as expanding its offering, the acquisition of Rockend will enable the combined companies to serve clients in the region even more effectively.

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

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

Addition of ProLease and ProCalc software bolsters MRI’s expertise in corporate occupier market and expands property and equipment lease administration capabilities

Solon, Ohio – July 31, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announces that it has acquired ProLease, a leading provider of lease administration, lease accounting, lease analysis and workplace management applications. ProLease’s intuitive and comprehensive software suite extends MRI’s corporate occupier and integrated workplace management offering, providing easy-to-implement solutions that enable real estate, facilities and accounting departments to manage both property and equipment leases while meeting new global accounting standards.

MRI has seen significant growth of its occupier solutions globally, particularly in the EMEA region. The acquisition of ProLease will support continued growth across all geographic markets and add a sizeable install base of marquee occupier clients in North America. The ProLease solution enables corporate occupiers and lessees to address their wider workplace, maintenance, and even project management needs.

Chuck McDowell, MRI’s Senior Vice President of Commercial and Financial Solutions, comments: “ProLease perfectly complements and enhances our strengths and capabilities within our financial and accounting solutions. This easy-to-use solution is designed for accountants by accountants, and it further enhances MRI’s ability to provide a broad range of organizations with the financial tools to meet the new lease accounting standards. Additionally, it expands our robust financial suite by adding capabilities that will benefit clients outside the corporate occupier sector.”

MRI’s acquisition of Stamford, Connecticut-based ProLease comes on the heels of MRI acquiring LEVERTON, a leading artificial intelligence (AI)-powered data extraction solution for leases and corporate documents. Taken together, these acquisitions reinforce MRI’s commitment to empowering real estate occupiers, owners, and operators to save time and money and make better business decisions.

The ProLease acquisition will also bolster MRI’s capacity to help clients manage leases for equipment such as vehicle fleets, copiers, forklifts, and industrial machinery. The new accounting rules have a major impact on the management of equipment leases, which can be complex and difficult to track. ProLease was one of the first solutions updated to address the new global Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards (ASC-842 and IFRS 16). The company has worked closely with the FASB and IASB to ensure its software enables compliance.

“The change in accounting standards has driven public and private companies to reexamine their current processes and identify more efficient solutions for managing their lease portfolios,” says Alan Bushell, ProLease’s Chairman and Chief Software Architect. “We are pleased to become part of an organization like MRI that shares our commitment to innovation, which will empower our team to continue making advancements around effective lease management and accounting technology.”

ProLease serves more than 700 clients across 40 industries, including real estate, retail, healthcare, government and education. Clients, which include 3M, Citrix, Clear Channel, Del Monte, Penske and Yale New Haven Health, enjoy the ability to create lease capitalization schedules, run disclosure reports, and generate journal entries, which can be integrated with an organization’s general ledger. They can easily track real estate leases, manage all types of assets, automate maintenance workflow, manage projects, and analyze and compare leases. MRI’s acquisition of ProLease encompasses all six of the company’s modules: real estate, equipment, lease accounting, workplace, maintenance, project, as well as ProCalc lease analysis software. ProCalc is used by Newmark Knight Frank, Jones Lang LaSalle, Cushman & Wakefield, Colliers International, CBRE and more.

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

Acquisition of global PropTech innovator with market-leading lease abstraction solution strengthens MRI’s end-to-end offering, while saving clients time and money

Solon, Ohio – July 31, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announces that it has acquired LEVERTON, a leading artificial intelligence (AI)-powered data extraction solution for real estate and corporate documents. The acquisition bolsters MRI’s comprehensive and flexible offering and gives property owners, service providers, and corporate occupiers broader access to LEVERTON’s market-leading automated lease abstraction application. With LEVERTON, organizations are able to more quickly and efficiently turn unstructured information in leases and other corporate and legal documents into data sets that can be mined for actionable insights, leading to better business decisions and improved operational efficiencies.

“The acquisition of LEVERTON brings a true innovator and global PropTech leader into the MRI family, with expertise in the application of AI to real estate data collection, management, and analytics,” says Patrick Ghilani, MRI’s Chief Executive Officer. “Going forward, we will incorporate AI-driven ‘LEVERTON intelligence’ into the very fabric of MRI’s DNA, enhancing our singular customer experience by enabling clients throughout the world to tap into data across the MRI ecosystem. The result: smarter business solutions that generate fresh and powerful insights.”

Using proprietary optical character recognition technology and AI-based, deep learning algorithms to “read” and capture thousands of data points from multiple sources in up to 25 languages – which can include scanned paper, PDFs, and processable documents with inconsistent standards – LEVERTON creates searchable, structured data sets that provide a clear and accurate picture of a business’ real estate assets. The cloud-based AI engine positions real estate owners, operators, and occupiers to optimize their handling of contracts, run operational teams more efficiently and process transactions faster – enabling them to more effectively manage revenue and expense streams across property portfolios. The ability to create transparent, accurate and auditable lease portfolios has become critical for companies with real estate assets working to comply with global accounting standards such as IFRS 16 and ASC 842.

“LEVERTON leverages AI to successfully tackle the problem of virtual – and even real – filing cabinets full of leases and other key documents trapped as unstructured and unsearchable data,” says Russ Butler, MRI’s Chief Technology Officer. “Put simply, it provides easy access to difficult data, saving companies time and money.”

As it scans leases and related documents, the LEVERTON AI engine “learns” to spot key data points such as start and end dates, critical options and renewals, and rates per square foot. The AI can also take in variables such as whether utilities are included or excluded, property tax, and common area costs such as general maintenance, security and landscaping – and it self-adjusts as it applies new learnings. Once extracted, lease and other data can then be analyzed for trends and patterns to uncover hidden insights that guide negotiation strategies, reduce administration costs, boost efficiencies and uncover revenue opportunities such as rent-roll comparisons and anomaly detection of key lease terms.

“Artificial intelligence and machine learning are among an array of innovations driving both disruption and opportunity in PropTech,” Butler adds. “MRI has already been utilizing AI-based automation within our Data Management Services for financial and investment data processing. This acquisition adds another dimension to our capabilities and, looking ahead, MRI’s open architecture will support a tightened integration with the lease abstraction solution while enabling us to leverage LEVERTON intelligence across other use cases to deliver new efficiencies and value for clients.”

Abhinav Somani, LEVERTON’s Chief Executive Officer sees bringing its AI solution into MRI’s broader application suite as a logical next stage in its evolution: “Demand for data intelligence has surged within the real estate sector and joining a PropTech category founder with a market-leading end-to-end offering gives us the scalability we need to extend our global reach. What’s more, MRI’s open and connected approach fosters innovation from all sources and empowers companies to solve complex problems in their own way, making it the perfect strategic and cultural fit for LEVERTON intelligence. We’re just beginning to scratch the surface of what AI can do for companies all over the world and being part of the MRI family will allow us to take our solutions and offerings to the next level.”

Prior to the acquisition, LEVERTON was an MRI partner for more than two years and is already used by several MRI clients as part of their integrated property management system. One of these clients, Derwent London, a leading office investor and regenerator, estimates that the use of LEVERTON intelligence has resulted in 60% to 70% savings of time previously spent in document review. Says Jennifer Whybrow, Head of Financial Planning and Analysis at Derwent London: “We are pleased to be working with LEVERTON to speed up and improve the way we capture key commercial lease terms. We are always looking for ways to improve our business through innovation and leveraging the power of AI to achieve operational efficiencies fits with that ethos.”

Founded in 2012 with offices in New York, London and New Delhi, LEVERTON has more than 100 global corporate and investor clients, including JLL, Savills, RSM, Zurich Alternative Asset Management, and Danaher. LEVERTON’s Software as a Service (SaaS) solution has an easy-to-use, web-based interface, with more than 5,000 users around the world and roughly 500,000 documents processed to date. In addition, LEVERTON offers its technology as an engine through its advanced APIs and AI as a Service (AIaaS) offering.

For LEVERTON clients, it will be business as usual. The company will continue to support customers in its other industries such as healthcare, insurance, legal, financial, as well as real estate. MRI champions an open and connected ecosystem enabled by its extensive and growing global partner network; it remains committed to offering choice in terms of integrating LEVERTON with third-party enterprise resource planning and property management technology solutions.

Kirkland & Ellis LLP acted as MRI Software’s legal counsel for the transaction. Canaccord Genuity acted as LEVERTON’S financial advisor for the transaction.

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

Solon, Ohio – June 19, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announces that its Chief Executive Officer, Patrick Ghilani, has received the Julie Devine Digital Impact Award in honor of his contributions to the real estate industry at the 2019 Realcomm Digie Awards. The awards took place on June 13 at Realcomm 2019 in Nashville, a conference that celebrates the intersection of technology, innovation and real estate operations.

The Julie Devine Digital Impact Award, named after a late partner of Realcomm, is given to the most innovative thought-leaders in the commercial real estate industry each year. “This award is designed to acknowledge those individuals who saw things ahead of their associates, had the courage to leave the mainstream and the tenacity to keep standing up after many failed attempts,” said Jim Young, co-founder and CEO of Realcomm. “History proves that we cannot accomplish major change without these innovators.”

Ghilani said after receiving the award: “I want to thank Realcomm for this great honor and for recognizing the MRI vision, which encompasses an open and connected approach that fosters innovation and provides flexibility and choice for commercial real estate players. Groundbreaking innovations don’t just come from a few dominant players but from a range of sources that include established technology pioneers and new startups that are honing specialist solutions. I also want to thank the MRI team for making this revolution in openness and interoperability a reality.”

The Realcomm Digie Awards recognize companies, real estate projects, technologies and individuals that have positively impacted the Real Estate industry through their intelligent and effective use of automation and innovation.

Ghilani’s Digital Impact Award came on a night when an MRI client, Urban Edge Properties, also received a Digie for Best Use of Automation in Property/Facility Management.

“It is great to see clients being recognized for making the most of technology,” Ghilani notes. “It is vital for the real estate industry to embrace new advances. There’s a real change occurring as more and more businesses see leveraging technology as a way to run more efficient businesses and even gain a competitive advantage.”

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 Realcomm
Realcomm Conference Group, LLC is a worldwide event and media company at the intersection of technology, innovation and Commercial and Corporate Real Estate. Through our annual conferences, CIO forums, webinars, workshops, weekly advisory, marketplace and other strategic services, Realcomm provides networking and collaboration opportunities, while educating industry professionals about the latest business solutions and technologies to improve Commercial and Corporate Real Estate design, construction, leasing, operations, transactions and use.

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

Zoe Mumba
Zoe@platformcomms.com
+44 20 7486 4900

Company welcomes new CFO to manage rapid growth

Solon, Ohio – March 5, 2019 – MRI Software (“MRI”), a global leader in real estate software solutions, announces major growth in revenue, new business and its partner network during 2018, when it also extended its reach through a series of strategic acquisitions. In addition, MRI welcomes the recent appointment of Chief Financial Officer Bruce Duner, who joins the company after serving in senior roles at a number of leading technology providers. The announcements come as MRI prepares to showcase its comprehensive and connected suite of solutions at MIPIM 2019, the premier global property event, running March 12-15 in Cannes, France.

“2018 was a banner year for MRI, continuing a pattern of rapid growth, reinforced by key strategic acquisitions that further our ability to help real estate organizations use new technologies to meet their changing needs, differentiate themselves in the market and gain a competitive edge,” says Patrick Ghilani, MRI Software’s Chief Executive Officer. “We continue to innovate while finding partners and acquisition targets that add value and choice to our existing offering.”

Strong growth across the board
MRI revenue increased 56% in 2018 compared to 2017 and more than doubled in the past two years. The company continued strong growth momentum with bookings (sales for future business) increasing by a record 71%, with significant growth coming from the EMEA region. The number of new clients added globally in 2018 grew by 44% compared to those added in 2017, while MRI’s total installed base increased by 38% last year through both acquisitions and organic growth.

The company also underlined its commitment to maintaining an open and connected ecosystem of real estate technology providers, bolstering its extensive Partner Connect network with 21 new additions during 2018, bringing the total to 142 partners. The continuing value of MRI’s partner network to its clients was demonstrated by the fact the company created 75 new technology integrations with partners and recorded 192 million data exchanges between clients and partners in 2018 – up from 80 million the year before.

“Adding partners to our already extensive network allows us to widen the scope of choice we can offer clients,” notes Ghilani. “We believe that real estate businesses can make even better use of MRI’s software if we can provide a truly open platform that enables them to tailor their systems and move fast in employing technologies that open new markets and services. Our partnerships go far beyond simple interface connectivity, offering our clients an industry-leading level of integration – taking them towards a singular client experience and true enterprise software interoperability.”

New CFO brings valuable experience
In assuming the role of CFO in February 2019, Bruce Duner brings a range of experience that will help MRI manage the increasing complexity that comes with rapid growth. Prior to joining MRI, Duner was CFO at Accela, a market-leading Software-as-a-Service provider for local and state governments. Previously, he was CFO at Bomgar Corporation, a leading provider in remote support and security software solutions and at Surgical Information Systems, a leading provider of software solutions for hospitals and ambulatory surgery centers.

“With more than 30 years’ experience creating and transforming business strategy into financial and operational success in technology and enterprise software, Bruce has the leadership track record we need to meet the continually growing demands of our global business,” Ghilani says.

Duner says he is joining MRI at an exciting time for the business: “We are seeing tremendous potential in the real estate technology market for innovation and growth and, thanks to a strong team, MRI is already showing huge business momentum – rapid growth, new business wins, shrewd acquisitions and an innovative partner program. All this enables MRI to remain focused on continued profitable growth, built on a very healthy foundation of more than 85% of recurring revenue.”

Building with six new strategic acquisitions
MRI continued its strategy of building its position in key sectors and geographies through strategic acquisitions in 2018, when the company was able to:

• Strengthen its leadership position in the US Affordable and Public Housing markets by acquiring Happy Software, IPM Software and TCAM Asset Management
• Establish a new Agency Solutions business with the acquisitions of CML Software and Thesaurus/Postcode Software in the UK, boosting the Sales and Lettings solutions gained through Qube Global Software, acquired the previous year
• Solidify its position as South African market leader by acquiring PropSys, adding to the footprint of its existing operations and MDA Property Systems, which it acquired in 2017

Record-breaking users conferences
The company also saw record attendance at its International Users Conferences in Atlanta in October and London in December. The US event drew 1,400 delegates, including representatives from 67 partners, while the London conference was the biggest such event to take place in the UK to date with 600-plus attendees, including representatives from 18 partners. Both conferences gave MRI the chance to showcase its latest innovations, which included:

• Improved integration and user experience on the company’s flagship Platform X, enabling a single experience when MRI and third-party applications are connected to its flexible hub
• MRI Debt Management, a web-based accounting solution that allows real estate owners and investors to improve operational efficiency and reduce the risks of bad data
• MRI Qube PM Advance, the latest release of the most widely implemented property management solution in the UK

To learn more about MRI’s solutions, its latest innovations, as well as its partnership network and its open and connected approach, come visit Stand R7.C13 at MIPIM 2019, or email sales@mrisoftware.com.

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 CONTACT:
Hugh Filman or Zoe Mumba
Platform Communications
Hugh@plaformcomms.com or Zoe@platformcomms.com
+44 20 7486 4900

February 27, 2019

MRI Software LLC, a global leader in real estate software solutions, today announced that Plainvim International Properties Development Group, China’s top industrial property developer and operator, has selected MRI’s Commercial Management solution to efficiently manage its industrial properties in China. MRI’s dedicated regional staff and intuitive, next-generation software support Plainvim’s fast-growing business and streamline its finance and accounting processes.

Plainvim, which focuses on industrial real estate development and management, as well as warehouse logistics and commercial real estate investment, recently experienced rapid growth and needed to upgrade its commercial management software to match. Following an extensive evaluation of providers, Plainvim selected MRI for the expertise of its local support team, flexible software capabilities and ease-of-use.

“A number of elements played into our selection of MRI, but the extensive capabilities of its software were a clear differentiator,” said Michael Li, Chief Financial Officer, Plainvim. “MRI met our criteria for a sophisticated and flexible solution that would prepare our business for the future.”

Li continues, “Nearly as important, though, is MRI’s strong presence and track record in the APAC region. As a Hong Kong-based company that operates heavily in China, we often face complex regulations; MRI truly impressed us with its knowledge of these challenges and the Chinese experience of its support staff. We are pleased to be working with an organisation that understands the many intricacies of our business and has the capabilities to address them.”

The MRI Commercial Suite simplifies property management by combining centralised building, suite and lease information with reporting and analytics capabilities that increase efficiencies and support growth. MRI’s Chinese Electronics Standardization Institute (CESI) certification eliminates costly system audits by allowing MRI users to generate pre-approved mandatory financial reporting documents for companies doing business in China.

“The APAC market is growing rapidly, and our strong presence in the region along with our fully integrated Commercial and Investment Management offering allows us to support the requirements of fast-growing organisations with business in China like Plainvim,” said Stephen Wilson, Managing Director, APAC, MRI Software. “This selection of MRI is yet another validation of our software’s global capabilities and our team’s expertise in the region. We look forward to further building upon our relationship with Plainvim and our presence in APAC overall.”

Strategic Investment Broadens MRI’s Residential Technology Portfolio

LONDON – December 5, 2018 – MRI Software (“MRI”), a global leader in real estate software solutions, announces the acquisition of Thesaurus Technology, the UK-based provider of cloud-based, self-service software for residential sales and lettings agents. The acquisition, revealed today at MRI’s International Users Conference in London, enhances the company’s technology choices for residential property agents, developers, owners and investors in the UK, from smaller-scale systems for local businesses up to fully-tailored, enterprise-level options for the largest organisations.

“We believe in the power of technology to help property businesses of any size identify commercial opportunities, enhance services and create efficiencies,” said Dermot Briody, Executive Managing Director of Europe, MRI Software. “The acquisition of Thesaurus Technology widens our comprehensive range of solutions for the UK residential sector, deepens our understanding and expertise in the space and gives us greater reach into the growing SMB market. By further expanding our ability to help clients harness technology across multiple touchpoints for their customers and stakeholders, we can continue to partner with real estate organisations at every stage of their business development.”

Thesaurus offers specialist software for estate and letting agencies to handle activities including tracking sales, updating databases, generating invoices and creating management reports. The technology is available with pay-as-you-go monthly subscriptions, either in the cloud or installed on desktops. Thesaurus also offers a UK postcode lookup solution through a sister company, which may have applications for many of MRI’s current UK residential clients. MRI will continue to support all existing Thesaurus users, as well as bring benefits from the wider range of complementary software solutions in its suite.

“MRI is delivering innovation in the UK residential market, making Thesaurus the perfect addition to its stable,” said Kevin Holmes, Director, Thesaurus Technology. “We’re proud to be part of MRI’s UK growth and are excited that our clients will now be able to take advantage of a greatly enhanced range of technology options.”

This latest development builds upon continued momentum for MRI in the UK, including a number of acquisitions of businesses specialising in residential sales, lettings and property management software over the past 14 months. In addition, June this year saw the launch of the MRI Residential Suite in the UK, a dedicated platform for the Private Rented Sector, capable of streamlining everything from marketing to resident payments and service requests.

Shea & Company acted as the exclusive financial advisor to MRI Software and its private equity sponsors, GI Partners and TA Associates.

Supporting Resources

• MRI Software Acquires CML Software
• MRI Software Announces New Residential Proptech solution for the UK
• MRI Software Acquires Qube Global Software

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

MEDIA CONTACTS:
Zoe Mumba / Hugh Filman
Platform Communications
mri@platformcomms.com

MRI Recognizes Phillips Edison & Company, CBRE, Village Green and VTS for Innovative Use of Technology to Drive Business Impact at its International Users Conference

ATLANTA – October 15, 2018 – MRI Software LLC, a global leader in real estate software solutions, today presented the inaugural MRI Innovation Awards at its International Users Conference (IUC) in Atlanta. Awards were presented in four categories – Impact, Flexibility, Ambassador of the Year and Partner of the Year – to honor MRI clients that realized meaningful business impact leveraging MRI’s powerful, open and connected software.

“Our incredible roster of clients and partners are the foundation of MRI, and we’re so proud of how many of them are with us at our 2018 North American IUC,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “These four award winners, in particular, stood out over the past year. Not only are they providing exceptional value to their clients, they are doing amazing work to pioneer advancements in real estate technology and push the limits of what’s possible for the industry.”

2018 MRI Innovation Awards – Impact: Phillips Edison & Company (PECO)
Phillips Edison, a nationwide owner and manager of grocery-anchored shopping centers, received the Impact Award for its pioneering use of robotics and machine learning in concert with MRI solutions. The result has been increased business productivity through optimized decision making, enhanced cross-functional data sharing and heightened analytical precision.

2018 MRI Innovation Awards – Flexibility: CBRE Group
CBRE Group, the world’s largest commercial real estate services and investment firm, was honored for its innovative use of the MRI Information Exchange (MIX) APIs to connect its own proprietary systems with MRI’s financial and accounting platform. As a result, CBRE was able to streamline data audits, simplify reporting and reduce manual processes.

2018 MRI Innovation Awards – Ambassador of the Year: Mirriam Livingstone, Village Green
Mirriam Livingstone, vice president of operations services at Village Green, one of the nation’s largest apartment property management companies, has made exemplary contributions and displayed strong leadership in the real estate community. Mirriam and her team actively participate in MRI users groups, and they have provided instrumental input into MRI’s residential management feature sets and partner integrations. As a genuine advocate for her organization, Mirriam’s collaboration with MRI has truly helped shape the future of real estate software.

2018 MRI Innovation Awards – Partner of the Year: VTS
VTS, the commercial real estate industry’s leading leasing and asset management platform, was selected as an outstanding member of MRI’s Partner Connect program. VTS ranks among MRI’s highest rated partners in client satisfaction, offers the capability to integrate with MRI’s solutions across the world to serve clients globally, and has one of the highest adoption rates of any partner among MRI clients. The commercial success of this partnership is possible through the strength of the VTS solution and the active, close collaboration between the MRI Partner Connect and VTS teams.

The MRI International Users Conference is an annual event that brings MRI staff, clients and partners together for educational sessions, hands-on product training and networking. Due to the company’s significant international growth over the past twelve months, MRI is expanding to host regionally focused conferences. MRI will host an EMEA International Users Conference in London on December 5, 2018, and an APAC International Users Conference in Sydney on March 19-20, 2019.

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

MEDIA CONTACT:
Chet Murray
LEWIS
mrisoftware@teamlewis.com