MRI Software to Receive Strategic Investment from TA Associates

Funding Rounds

▤ Summary

MRI Software, a Solon, Ohio-based provider of real estate software solutions, is to receive a strategic investment of undisclosed amount from global growth private equity firm TA Associates.GI Partners, who acquired MRI in June 2015, will remain an investor in the company, alongside TA Associates.The investment will help the company to continue to accelerate business growth further expansion of its international presence and its real estate technology solutions.Founded in 1971 and led by Patrick Ghilani, Chief Executive Officer, MRI Software provides real estate owners, operators, occupiers and investors with a portfolio including solutions for commercial and multifamily property management, leasing, accounting and finance; offerings for managing the tenant and resident lifecycle; investment management and modeling solutions for optimizing the performance of deployed capital; and reporting and analytics offerings.The company supports its 3,100 global clients from its headquarters in Solon, and offices in Atlanta, Dallas, London, Hong Kong, Singapore, Sydney and Toronto.

$ Funding

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Amount - Total raised
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Date May 24, 2017 Announcement date
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Investors GI Partners, Orchard Information Systems Lead investors
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Company http://www.mrisoftware.com Funded company

▥ Classifications

industries
Hospitality
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Real Estate Software Property Management Software SaaS

▦ Linked Companies

MRI Software
$250M to $500M