MRI Software Completes Acquisition of PropertySuite

NZ real estate pioneers endorse PropertySuite innovation and business value

Auckland, NEW ZEALAND – 19 July 2022 – MRI Software is pleased to announce the acquisition of New Zealand-based PropertySuite is now complete. As an MRI Software company, PropertySuite continues operations in New Zealand and Australia where its easily integrated real estate management platform is expected to be of strong interest to existing MRI residential, commercial, rural and project marketing customers.

Michael Graves, co-founder of Auckland-based PropertySuite, says, “Along with our customers we could not be more excited about this next step in our journey. Every client relationship we have nurtured over the last twenty years continues to be important to us. Existing customers of both MRI and PropertySuite will benefit from enhanced product development and innovation, augmented client training and support, and easy access to an expanded integration ecosystem as part of the MRI Software suite of solutions.”

PropertySuite is well-known and respected as an innovative, cloud-based PropTech solution that integrates relationship management, print and digital media and marketing management, and transaction and financial management into one cloud-based platform for real estate agencies. It solves many challenges common among modern real estate agencies in New Zealand and Australia such as consolidating disparate systems, reducing duplicative efforts, and automating manual processes.

NZ agency leaders respond to acquisition news

The New Zealand real estate industry responded positively to news of MRI’s intent to acquire the PropTech innovator after it was first announced last month, as the following comments from across residential, commercial, and agri-business leaders attest:

The Professionals in Palmerston North’s Principal and Director Steve Williams says, “There is no other system like PropertySuite in the New Zealand market. Its huge strength is how flexible and adaptable it is. For a business like ours, PropertySuite provides operational and cost efficiencies together with an in-depth understanding and control of our business in real time. We enjoy our partnership-like relationship with PropertySuite as they listen to our suggestions and deliver accordingly, and we are very supportive of this move to join forces with a company as impressive as MRI Software. We look forward to a great future of enhanced innovation and success because of MRI’s involvement and a further strengthening of our partnership.”

McDonald Real Estate Managing Director Daniel McDonald says, “I am the fourth generation of my family to work with McDonald Real Estate who have been serving the Taranaki community for more than 100 years. Nine years ago, we realised we needed to take our business to the next level. We chose the PropertySuite solution and team as the primary enabler of that transformation, and we are extremely satisfied with the achievements of our partnership to date. MRI Software has spotted great technology and talent in acquiring PropertySuite. It is more than just a CRM (Customer Relationship Management), PropertySuite is a company-wide system that means we have reached efficiencies and effectiveness beyond our dreams, and we look forward to working with them well into the future.”

Property Brokers’ Managing Director Guy Mordaunt says, “Property Brokers has been a partner of PropertySuite for the last ten years and are excited to see the company grow through the acquisition by MRI Software. Mike and the PropertySuite team have been a big part of our growth over the last decade and have facilitated a lot of our strategy. They understand our business and have worked hard to meet the specific needs and challenges facing our market and business. We are excited to see how MRI can add even more value to this special relationship.”

Rural specialist PGG Wrightson Real Estate’s Operations Manager Raewyn Miller says, “It is critical to PGG Wrightson Real Estate that any technology partner truly understands the specific needs of an agri-business. PropertySuite meets that requirement and so much more having rural, lifestyle and residential real estate peculiarities of provincial New Zealand baked into its software with the bonus of being able to further tailor the application to meet our specific business needs. I have every confidence in recommending PropertySuite from MRI Software to any rural lifestyle specialist if it is not in our communities because it gives us such a competitive edge.”

Such a range of positive responses from a diverse customer group shows how highly regarded and adaptable PropertySuite is across residential, rural, commercial and project marketing environments, says David Bowie, Managing Director and Senior Vice President (Asia Pacific) for MRI Software.

“MRI has been a pioneer in real estate software for over 50 years, laser-focused on innovation and enabling transformation of the real estate industry with great technology, like PropertySuite. As of today, we officially welcome their 4,000 customers into the MRI ecosystem, and we look forward to sharing the easily integrated innovation of PropertySuite with our existing MRI customers too,” says Bowie.

MRI has acquired two other New Zealand-based PropTech innovators since March 2021: Palace and WhosOnLocation (now called MRI OnLocation), leading providers of New Zealand property management and global workplace management solutions, respectively. PropertySuite already integrates with Palace so existing clients of both will immediately benefit.

About MRI Software
MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. MRI became one of the first real estate software providers to serve Australia and New Zealand in 1995 and has since further strengthened its commitment to the region with the acquisitions of Rockend, WhosOnLocation, Box+Dice, Palace and PropertySuite. For more information, visit mrisoftware.com/nz.

Media contacts
For more information please contact the PR person listed below closest to you:

New Zealand & Australia
Heather Jones (+61 (0) 400 394 669)
heather.jones@mrisoftware.com

EMEA
Hugh Filman (+44 7905 044850) or Katrina Trantau (+44 7597 163076)
mri@platformcomms.com

North America for MRI
Rachel Antman (+1 212 362 5837)
rachel@saygency.com