MRI Software LLC Strengths, Domain Expertise, and Key Differentiators
MRI Software is a global 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.
MRI Software LLC Recent Developments
In June 2019, MRI launches MRI Affordable Housing, an innovative property management and compliance solution for owners and operators of affordable housing and mixed portfolios in the United States.
In April 2019, MRI merged multiple sales and lettings technology brands in the UK into one combined offering called MRI Agency Solutions, aiming to deliver the industry’s most comprehensive and flexible range of residential real estate software.
MRI Software LLC Mergers and Acquisitions (M&A) Activities
In August 2020, MRI has acquired MacMunnis, Inc., an established provider of lease administration solutions to enterprise businesses managing complex lease portfolios. MacMunnis’ services and software expand the MRI @Work suite, broadening and deepening MRI’s ability to serve the end-to-end requirements of commercial real estate occupiers and helping them reduce the time to value from their software investments.
The same month, MRI acquired Housing Partners, a specialist technology provider for the social housing sector in the UK and Ireland. The strategic acquisition strengthens MRI’s suite of residential property management technology options, MRI Living, adding capabilities from Housing Partners’ Housing Jigsaw, Streetwise, TAIM and HomeSwapper product brands.
In June 2020, MRI has completed the acquisition of Castleton Technology Plc, a provider of specialist software and services for the social housing sector. MRI’s acquisition of Castleton, along with that of Orchard Information Systems in March, extends its offering in the social housing market in the UK, Ireland, and Australia. The combination boosts MRI’s ability to empower social housing providers to adopt digital innovations and customer-centric technologies, while accelerating the development of cloud-based solutions for the sector.
At the beginning of 2020, MRI has acquired Lindsey Software, a provider of property management software and services for public and affordable housing organizations in the United States. Lindsey’s comprehensive suite of software and services, designed to help housing agencies optimize operational and administrative processes and fulfill government compliance requirements, will further extend MRI’s existing public housing capabilities to better serve the industry.
In November 2019, MRI has acquired Multifamily Insurance Partners, a leader in resident insurance programs for the US multifamily rental market. The acquisition will enable property owners and operators to close insurance gaps and minimize loss by implementing resident insurance compliance programs for apartment renters. The new offering, MRI Multifamily Insurance, further streamlines the leasing and onboarding process for property owners and operators and is available through MRI Living, the company’s end-to-end suite of residential solutions.
In August 2019, MRI has acquired Rockend, a 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.
In June 2019, MRI has acquired ProLease, a 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.
In June 2019, MRI acquired LEVERTON, an 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.
MRI Software LLC Customers in ARTW Customer Database
Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying MRI Software LLC applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of MRI Software LLC and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified MRI SaaS, customers.
MRI Software LLC Overview
Ownership: - x
Number of Employees: 1600
Key Verticals: Banking and Financial Services, Communication, Real Estate, Distribution, State and Local Government, Healthcare, Leisure and Recreation, Hospitality, Professional Services, Transportation, Utilities,
MRI Software LLC Key Enterprise and Cloud Applications
MRI Software LLC Revenues, $M:
|Type/Year||2018||2019||YoY Growth, %|
|Total Revenues, $M||Subscribe||Subscribe||Subscribe|
|Enterprise Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
|Cloud Applications Revenues, $M||Subscribe||Subscribe||Subscribe|
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
MRI Software LLC Revenue Breakdown By Type, $M:
|Type||License||Services||Hardware||Support & Maintenance||SaaS|
|% of Total Revenues||Subscribe||Subscribe||Subscribe||Subscribe||Subscribe|
MRI Software LLC Enterprise Applications Revenues By Functional Markets, $M:
MRI Software LLC Enterprise Applications Revenues By Verticals, $M:
MRI Software LLC Revenues By Region, $M
|Region||% of Total Revenues||2019 Total Revenues, $M||2019 Enterprise Applications Revenues, $M||2019 Cloud Applications Revenues, $M|
MRI Software LLC Direct vs Indirect sales
|Region||Direct Sales||Indirect Sales||Total|
MRI Software LLC Customers - Breakdown by Geo, Size, Vertical and Product
No. of MRI Software LLC Customers: 17000
No. of MRI Software LLC Enterprise Applications Customers: 17000
No. of MRI Software LLC Cloud Customers: x
No. of MRI Software LLC Cloud Subscribers: x
MRI serves to more than 17.000 clients in more than 170 countries. Among MRI customers are: AvalonBay Communities, Harward Development Inc., Jamestown, GrowthPoint, National Real Estate Advisors and others.
MRI Software LLC Market Opportunities, M&A and Geo Expansions
At the beginning of 2020, MRI Software received an investment from funds managed by Harvest Partners, LP, along with TA Associates and GI Partners. 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.
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 Software LLC Risks and Challenges
Over the past two years, MRI made several acquisitions around the globe to expand its product portfolio into new markets. MRI's ability to integrate the acquired businesses into MRI will be key to its long-term success.
MRI Software LLC Ecosystem, Partners, Resellers and SI
MRI sells its solutions directly, as well as through resellers and integrators.
MRI Software is headquartered in Solon, Ohio with a total of eleven offices in North America. The company has seven offices in the EMEA region and four in APAC, including Hong Kong and Singapore.
MRI Software LLC Cloud Infrastructure Insights
Subscribe to read more about:
- MRI Software LLC Public Cloud and Infrastructure (IaaS)
- MRI Software LLC Platform (PaaS)
- MRI Software LLC Application Delivery
- MRI Software LLC Private Cloud and Data Centers
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
For additional information on our methodologies, here's the link:https://www.appsruntheworld.com/About Us
Copyright © 2021, APPS RUN THE WORLD