MRI Software explained

MRI Software, LLC
Type:Private
Industry:Software
Cloud computing
Professional Services
Products:
  • Property Management Software
  • Real Estate Accounting Software
  • Investment Management Software
Foundation:1971
Num Employees:3,000
Location City:Cleveland, Ohio
Location Country:USA
Homepage:http://www.mrisoftware.com

MRI Software, LLC is a provider of real estate and investment management software to real estate owners, investors, and operators. The company was founded in 1971 under the name Management Reports Incorporated and was later known as Management Reports International and, once acquired by Intuit in 2002, Intuit Real Estate Solutions (IRES). In 2009, the private equity firm based in San Francisco, Vista Equity Partners, acquired IRES and renamed the company MRI Software.[1] In 2015, MRI Software was acquired by private equity firm GI Partners.[2] In 2017, MRI received additional strategic investment from TA Associates.[3] In 2020, Harvest Partners, LP, made a strategic investment in MRI, joining existing investors TA Associates and GI Partners.[4]

MRI Software is headquartered in Solon, Ohio,[5] with a total of ten offices in North America. The company has six offices in the EMEA region and four in APAC, including Hong Kong and Singapore.[6]

Products

MRI Software offers property management and accounting software for multi-family residential and commercial property, retail, office, Strata and Body Corporate and corporate real estate applications.

Notes and References

  1. News: Jarboe. Michelle. Private equity firm closes Intuit deal, renames real estate division MRI Software. 14 April 2011. Cleveland.com. 2010-01-19.
  2. News: GI Partners to Acquire MRI Software. PR Newswire. 3 June 2015. 3 June 2015.
  3. Web site: MRI Software and GI Partners Announce Strategic Partnership with TA Associates. Capital Software Group. https://web.archive.org/web/20140508025053/http://www.jdidata.com/mri-management-software/. 8 May 2014. dead. 14 April 2011.
  4. Web site: MRI Receives Investment to Accelerate Innovation and Global Growth. 15 January 2020. Yahoo! Finance.
  5. Web site: MRI Software. Vista Equity Partners. 14 April 2011.
  6. Web site: MRI Office Locations - Contact Us. 2013-09-17.
  7. Web site: MRI Software Company Website.