MRI Software Announces Acquisition of Integratec

The combination elevates MRI’s Investment Management Suite to unprecedented capabilities in the global real estate marketplace.

Solon OH, June 3, 2016: MRI Software LLC, a leading provider of property and investment management solutions for the global commercial real estate market, announced the acquisition of Atlanta-based Integratec Services, LLC, a provider of software and services that manage the full lifecycle of real estate investments.

Integratec’s talented team and innovative solutions will become a part of the MRI Investment Management Solution Suite, while also maintaining an appropriate autonomy to serve all clients, regardless of their affiliation with MRI’s Property Management and Accounting Platform. The combined organizations will offer one of the most robust investment management suites available in the market, serving all asset classes, covering both equity and debt, for real estate investors, lenders, fund managers, developers, and owners.

In addition to strengthening MRI’s footprint in the Affordable Housing and Private Equity Real Estate markets, Integratec will add industry-differentiating capabilities to the MRI Software family, including comprehensive data aggregation services, custom investor reporting services, and personalized investor portals for communication and collaboration.

“I’m extremely pleased to welcome the Integratec employees, clients, and solutions to the MRI family and thrilled to raise the MRI Software banner at our new Atlanta location,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Integratec’s culture and commitment towards client personalization and flexibility are perfectly aligned to MRI’s global mission, and today we collectively bring to the commercial real estate investment community a comprehensive software suite with unprecedented capabilities.”

Dave Czabala, Integratec co-Founder and Principal, commented, “Joining MRI is the next logical step in our journey. There are natural synergies in investment and property management, including a deep focus by both organizations on servicing the affordable housing sector.” Integratec co-Founder and Principal Stan Price added, “We could not be happier to have found a long term home in MRI Software, where our valued team and products can thrive for many years to come.”

While Integratec will continue to operate as a business unit with full continuity of leadership and team members, integration activities will begin with MRI’s corporate shared services, sales and account management alignment, and collaboration of product teams. Both MRI and Integratec clients will continue to be served without interruption as steps are taken to provide the additional benefits that this powerful combination will provide.

About MRI Software LLC

MRI Software LLC is a leading provider of innovative software solutions for the global real estate industry. MRI delivers a comprehensive and truly configurable solution, from property-level management and accounting to the most complex, long-range financial modeling and analytics for both the commercial and multifamily real estate markets. As a leading provider of real estate enterprise software applications and hosted solutions, MRI leverages over 40 years of business experience to develop long-term successful relationships with its clients. Founded in Cleveland, Ohio, U.S.A., the company has offices in Toronto, London, Sydney, Singapore, and Hong Kong. For more information, please visit www.mrisoftware.com.

About Integratec Services LLC

The Atlanta-based company provides full life cycle real estate investment management and reporting software and services. Founded in 2002, Integratec currently supports a significant client base with investments across all asset classes totaling more than $85B in equity and debt. Integratec’s combination of Software as a Service and software-enabled services provide a unique, cost-effective solution for real estate investors, lenders, fund managers, developers, and owners. For more information, please visit www.integratec.biz.

Media Contacts

Alexis Jaffe

Marketing Communications Coordinator, MRI Software LLC Alexis.Jaffe@mrisoftware.com