MRI Software

MRI Software, LLC
Private
Industry Computer software
IT Services
Founded 1971
Headquarters Cleveland, Ohio, USA
Number of locations
 6
Products
  • Property Management Software
  • Accounting Software
Website 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 Resources 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 GI Partners.[2] MRI’s software has been installed over 4,500 times in five continents and in 41 countries.[3]

MRI Software is headquartered in Solon, Ohio[4] with additional offices in North Sydney, Australia; London, UK; Hong Kong; and Singapore.[5][6]

Products

MRI Software offers property management and accounting suites for multifamily, commercial, retail, office, and corporate applications. MRI provides software solutions[7] in the areas of investment analysis, budgeting and forecasting, portfolio modeling and analysis, fund and lease accounting, commercial management, and operations and financials, as well as accounts payable, facility management, general ledger, job cost, ad hoc reporting, affordable housing, application tool kit, Division of Housing Community Renewal Compliance, asset management, enterprise ledger, purchase order, report design, resident portal, and Web design solutions.[5]

MRI Software partnered with Cougar Software in June 2014 [8] to integrate its portfolio management solution with MRI's software solution. Both companies are working to integrate their software and provide MRI clients with the complex data analysis they require.[9]

Awards

Mergers and Acquisitions

During 2011, MRI Software acquired building operations company Workspeed,[14] the affordable-housing company Bostonpost,[15] and the apartment marketing and leasing company VaultWare (formerly Realty Data Trust).[16]

In 2015, MRI Software acquired Cougar Software of Toronto.[17]

References

  1. ↑ Jarboe, Michelle (2010-01-19). "Private equity firm closes Intuit deal, renames real estate division MRI Software". Cleveland.com. Retrieved 14 April 2011.
  2. ↑ "GI Partners to Acquire MRI Software". PR Newswire. 3 June 2015. Retrieved 3 June 2015.
  3. ↑ "MRI Property Management Software". Capital Software Group. Retrieved 14 April 2011.
  4. ↑ "MRI Software". Vista Equity Partners. Retrieved 14 April 2011.
  5. 1 2 "MRI Software LLC: Private Company Information". Bloomberg Businessweek. Retrieved 14 April 2011.
  6. ↑ "MRI Office Locations - Contact Us". Retrieved 2013-09-17. No URL found. Please specify a URL here or add one to Wikidata.
  7. ↑ "MRI Software Product Overview". Retrieved 17 September 2013. No URL found. Please specify a URL here or add one to Wikidata.
  8. ↑ Announcement - Cougar Software Partners with MRI Software to Combine Solutions and Better Serve Global Clients
  9. ↑ Realcomm IBcon 2014 Conference livestream interview with Stephen Baker of MRI Software, LLC and Lara Dodo of Cougar Software
  10. ↑ Waldman, Dan (April 2013). "CPE's 2013 Tops In Technology Awards: 2013 Winners" 27 (4). Yardi Systems: 21.
  11. ↑ "MHN Tech Choice Awards". Multi Housing News. Yardi Systems. 2013-09-20.
  12. ↑ http://www.northcoast99.org/winners.aspx
  13. ↑ http://www.northcoast99.org/winners.aspx
  14. ↑ "MRI Software Announces Workspeed Merger" (Press release). 2011-06-27. Retrieved 2013-09-18.
  15. ↑ "MRI Software Announces Acquisition of Bostonpost Technology" (Press release). 2011-10-03. Retrieved 2013-09-18.
  16. ↑ "MRI Software Announces Acquisition of VaultWare" (Press release). 2011-12-21. Retrieved 2013-09-18. No URL found. Please specify a URL here or add one to Wikidata.
  17. ↑ Solon-based MRI Software purchases Cougar Software of Toronto, Cleveland Business February 6, 2015
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