February 27, 2019

MRI Software LLC, a global leader in real estate software solutions, today announced that Plainvim International Properties Development Group, China’s top industrial property developer and operator, has selected MRI’s Commercial Management solution to efficiently manage its industrial properties in China. MRI’s dedicated regional staff and intuitive, next-generation software support Plainvim’s fast-growing business and streamline its finance and accounting processes.

Plainvim, which focuses on industrial real estate development and management, as well as warehouse logistics and commercial real estate investment, recently experienced rapid growth and needed to upgrade its commercial management software to match. Following an extensive evaluation of providers, Plainvim selected MRI for the expertise of its local support team, flexible software capabilities and ease-of-use.

“A number of elements played into our selection of MRI, but the extensive capabilities of its software were a clear differentiator,” said Michael Li, Chief Financial Officer, Plainvim. “MRI met our criteria for a sophisticated and flexible solution that would prepare our business for the future.”

Li continues, “Nearly as important, though, is MRI’s strong presence and track record in the APAC region. As a Hong Kong-based company that operates heavily in China, we often face complex regulations; MRI truly impressed us with its knowledge of these challenges and the Chinese experience of its support staff. We are pleased to be working with an organisation that understands the many intricacies of our business and has the capabilities to address them.”

The MRI Commercial Suite simplifies property management by combining centralised building, suite and lease information with reporting and analytics capabilities that increase efficiencies and support growth. MRI’s Chinese Electronics Standardization Institute (CESI) certification eliminates costly system audits by allowing MRI users to generate pre-approved mandatory financial reporting documents for companies doing business in China.

“The APAC market is growing rapidly, and our strong presence in the region along with our fully integrated Commercial and Investment Management offering allows us to support the requirements of fast-growing organisations with business in China like Plainvim,” said Stephen Wilson, Managing Director, APAC, MRI Software. “This selection of MRI is yet another validation of our software’s global capabilities and our team’s expertise in the region. We look forward to further building upon our relationship with Plainvim and our presence in APAC overall.”

Strategic Investment Broadens MRI’s Residential Technology Portfolio

LONDON – December 5, 2018 – MRI Software (“MRI”), a global leader in real estate software solutions, announces the acquisition of Thesaurus Technology, the UK-based provider of cloud-based, self-service software for residential sales and lettings agents. The acquisition, revealed today at MRI’s International Users Conference in London, enhances the company’s technology choices for residential property agents, developers, owners and investors in the UK, from smaller-scale systems for local businesses up to fully-tailored, enterprise-level options for the largest organisations.

“We believe in the power of technology to help property businesses of any size identify commercial opportunities, enhance services and create efficiencies,” said Dermot Briody, Executive Managing Director of Europe, MRI Software. “The acquisition of Thesaurus Technology widens our comprehensive range of solutions for the UK residential sector, deepens our understanding and expertise in the space and gives us greater reach into the growing SMB market. By further expanding our ability to help clients harness technology across multiple touchpoints for their customers and stakeholders, we can continue to partner with real estate organisations at every stage of their business development.”

Thesaurus offers specialist software for estate and letting agencies to handle activities including tracking sales, updating databases, generating invoices and creating management reports. The technology is available with pay-as-you-go monthly subscriptions, either in the cloud or installed on desktops. Thesaurus also offers a UK postcode lookup solution through a sister company, which may have applications for many of MRI’s current UK residential clients. MRI will continue to support all existing Thesaurus users, as well as bring benefits from the wider range of complementary software solutions in its suite.

“MRI is delivering innovation in the UK residential market, making Thesaurus the perfect addition to its stable,” said Kevin Holmes, Director, Thesaurus Technology. “We’re proud to be part of MRI’s UK growth and are excited that our clients will now be able to take advantage of a greatly enhanced range of technology options.”

This latest development builds upon continued momentum for MRI in the UK, including a number of acquisitions of businesses specialising in residential sales, lettings and property management software over the past 14 months. In addition, June this year saw the launch of the MRI Residential Suite in the UK, a dedicated platform for the Private Rented Sector, capable of streamlining everything from marketing to resident payments and service requests.

Shea & Company acted as the exclusive financial advisor to MRI Software and its private equity sponsors, GI Partners and TA Associates.

Supporting Resources

• MRI Software Acquires CML Software
• MRI Software Announces New Residential Proptech solution for the UK
• MRI Software Acquires Qube Global Software

About MRI Software
MRI Software is a leading 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:
Zoe Mumba / Hugh Filman
Platform Communications
mri@platformcomms.com

MRI Recognizes Phillips Edison & Company, CBRE, Village Green and VTS for Innovative Use of Technology to Drive Business Impact at its International Users Conference

ATLANTA – October 15, 2018 – MRI Software LLC, a global leader in real estate software solutions, today presented the inaugural MRI Innovation Awards at its International Users Conference (IUC) in Atlanta. Awards were presented in four categories – Impact, Flexibility, Ambassador of the Year and Partner of the Year – to honor MRI clients that realized meaningful business impact leveraging MRI’s powerful, open and connected software.

“Our incredible roster of clients and partners are the foundation of MRI, and we’re so proud of how many of them are with us at our 2018 North American IUC,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “These four award winners, in particular, stood out over the past year. Not only are they providing exceptional value to their clients, they are doing amazing work to pioneer advancements in real estate technology and push the limits of what’s possible for the industry.”

2018 MRI Innovation Awards – Impact: Phillips Edison & Company (PECO)
Phillips Edison, a nationwide owner and manager of grocery-anchored shopping centers, received the Impact Award for its pioneering use of robotics and machine learning in concert with MRI solutions. The result has been increased business productivity through optimized decision making, enhanced cross-functional data sharing and heightened analytical precision.

2018 MRI Innovation Awards – Flexibility: CBRE Group
CBRE Group, the world’s largest commercial real estate services and investment firm, was honored for its innovative use of the MRI Information Exchange (MIX) APIs to connect its own proprietary systems with MRI’s financial and accounting platform. As a result, CBRE was able to streamline data audits, simplify reporting and reduce manual processes.

2018 MRI Innovation Awards – Ambassador of the Year: Mirriam Livingstone, Village Green
Mirriam Livingstone, vice president of operations services at Village Green, one of the nation’s largest apartment property management companies, has made exemplary contributions and displayed strong leadership in the real estate community. Mirriam and her team actively participate in MRI users groups, and they have provided instrumental input into MRI’s residential management feature sets and partner integrations. As a genuine advocate for her organization, Mirriam’s collaboration with MRI has truly helped shape the future of real estate software.

2018 MRI Innovation Awards – Partner of the Year: VTS
VTS, the commercial real estate industry’s leading leasing and asset management platform, was selected as an outstanding member of MRI’s Partner Connect program. VTS ranks among MRI’s highest rated partners in client satisfaction, offers the capability to integrate with MRI’s solutions across the world to serve clients globally, and has one of the highest adoption rates of any partner among MRI clients. The commercial success of this partnership is possible through the strength of the VTS solution and the active, close collaboration between the MRI Partner Connect and VTS teams.

The MRI International Users Conference is an annual event that brings MRI staff, clients and partners together for educational sessions, hands-on product training and networking. Due to the company’s significant international growth over the past twelve months, MRI is expanding to host regionally focused conferences. MRI will host an EMEA International Users Conference in London on December 5, 2018, and an APAC International Users Conference in Sydney on March 19-20, 2019.

About MRI Software
MRI Software is a leading 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 modeling 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACT:
Chet Murray
LEWIS
mrisoftware@teamlewis.com

MRI Debt Management provides a central repository for easy control of debt information and calculates loan details to minimize manual accounting requirements

SOLON, Ohio – October 15, 2018 – MRI Software LLC (“MRI”), a global leader in real estate software solutions, today announced MRI Debt Management, a web-based accounting solution for the real estate sector. Built on the company’s flagship Platform X accounting and property management solution, MRI Debt Management enables real estate owners and investors to increase operational efficiency and reduce the risks of bad data by moving their debt management accounting out of error-prone and cumbersome spreadsheets into a tool that is fully integrated with MRI General Ledger.

Real estate accounting teams have historically struggled with relying on spreadsheets to accurately account for their loans, leading to discrepancies and additional work to reconcile loan transactions. In addition, a lack of debt visibility can cause real estate organizations to incur debt penalties and miss re-finance opportunities.

Whether debt functions as a liability or an asset, MRI Debt Management aggregates all debt information including loans and their terms, abstract and contractual information and lenders. Additionally, the application’s calculation engine computes all future principal and interest payments over time through the maturity of any loan, giving users insight into all commitments over the entirety of the loan. These calculated payments can create journals to post directly into MRI’s accounting platform, reducing inefficient and error-prone spreadsheet calculations and manual creation of journal entries. The system also allows users to simplify the management of escrow payments.

“Small real estate organizations may be able to function managing their debt in spreadsheets, but as soon as you have more than a few contracts or more complex agreements, it becomes unmanageable and leads to business risk,” said Stan Price, Senior Vice President of Investment Solutions at MRI Software. “The addition of MRI Debt Management to our accounting offering enhances the reliable, real estate-dedicated software solutions already enjoyed by our clients. Featuring a central database of all debt contracts and a robust debt calculation engine that are fully integrated with MRI’s accounting platform, this solution offers a comprehensive, actionable view of any organizational debts – past, present and future.”

MRI Debt Management is available to current MRI clients immediately. The tried and trusted calculation engine is already in use today by clients around the world, including Oxford Properties, Derwent London, Charter Hall and Growthpoint Properties as part of MRI’s Fund Modeling and Asset Modeling products.

Supporting resources:

• Debt Management data sheet
• Whiteboard Wednesday Video: Debt Management

About MRI Software
MRI Software is a leading 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 modeling 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

Media Contact:
Chet Murray
LEWIS
mrisoftware@teamlewis.com

Winners to Be Celebrated at Gala Event on 20 October in London, England

SOLON, Ohio – August 14, 2018 – MRI Software today announced that it was named the winner of a Silver Stevie® Award in the Large Computer Software Company of the Year category in the 15th Annual International Business Awards®.

The International Business Awards are the world’s premier business awards program. All individuals and organizations worldwide – public and private, for-profit and non-profit, large and small – are eligible to submit nominations. The 2018 IBAs received entries from 74 nations and territories.

Nicknamed the Stevies for the Greek word for “crowned,” the awards will be presented to winners at a gala awards banquet at the InterContinental London Park Lane Hotel in London, England on 20 October.

More than 3,900 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories. MRI’s award recognizes the company’s radical vision for and commitment to an open and connected proptech ecosystem, as well as its extraordinary growth and product innovation. MRI gives its clients the freedom to integrate with third-party applications from more than 130 providers in its Partner Connect ecosystem, including software that competes with its own offerings. Membership in the Partner Connect program grew by nearly 65% from 2016 to 2017. Further, MRI saw a 38 percent increase in organic bookings and 81 percent growth in new clients over 2016, not including revenue and clients from the eight acquisitions the company made in 2017.

Judges were particularly impressed with the company’s open approach to integrating with other software providers, including some whose applications compete with MRI. Comments included:

• “Great real estate software, which enables real estate companies to integrate nearly any software with the MRI platform, so they can choose the perfect solution for their company.”
• “When you are comfortable with giving your clients the freedom to integrate your software with third-party applications, you enable them.”
• “Definitely [MRI Software] took a step ahead of others in this specific domain of business and stood prominent.”

“Winning the Silver Stevie for Company of the Year in computer software is a fantastic validation of the incredible work the MRI team has done over the past few years,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “While other real estate technology providers offer a limiting, one-size-fits-all, single-stack approach, MRI’s open and connected platform gives its clients the freedom to create a unified Single Experience™ that meets their unique business needs. MRI’s strategic international expansion combined with our open approach to real estate software has resonated strongly with the market, fueling our rapid growth. We are proud to accept this award from the Stevies.”

Stevie Award winners were determined by the average scores of more than 270 executives worldwide who participated on 12 juries.

“This year’s Stevie Award winners in the IBAs are the most distinguished group of winners we’ve had yet,” said Michael Gallagher, president and founder of the Stevie Awards. “We raised the minimum average score from the judges required to qualify as a Stevie winner, so 2018 winners should be especially proud of their achievements. We look forward to presenting their Stevies to them in London on October 20, and to telling their stories over the coming year through Stevie Awards media.”

Details about The International Business Awards and the lists of Stevie Award winners are available at www.StevieAwards.com/IBA.

About MRI Software
MRI Software is a leading 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 modeling 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

About the Stevie® Awards
Stevie Awards are conferred in seven programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com.

Media Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461

Bookings for Q2 2018 Were 69 Percent Higher than the Same Period a Year Earlier; EMEA Experiences Largest YoY Percentage Growth

SOLON, Ohio – August 21, 2018 – MRI Software LLC (“MRI”), a global leader in real estate software solutions, today announced another successful quarter of worldwide growth. In the second quarter of 2018, global demand for MRI Software’s comprehensive and connected suite of real estate solutions continued to accelerate, boosting quarterly bookings to an all-time high that was 69 percent more than the same period in 2017.

All global regions experienced significant growth, though EMEA delivered the largest year-over-year percentage growth. The company added 166 new clients in Q2 2018, which is 60 percent more than it won a year earlier, and the number of employees grew by 65 percent.

MRI’s global growth strategy of providing open and connected software continues to gain momentum, marked particularly by key accomplishments in EMEA:

• Grainger plc, the UK’s largest property landlord with a portfolio of more than 9,000 residential properties valued at £2.7 billion, has chosen MRI as its core software platform to power its digital transformation and growth in the emerging private rented sector (PRS).
• Release of a new version of the MRI Residential Suite for the UK includes functionality that addresses the unique needs of the UK PRS market. MRI collaborated closely with UK PRS leaders to adapt the software.

MRI maintained its aggressive approach to growth with two acquisitions in early July: PropSys, a property software solution provider based in Johannesburg, South Africa, and CML Software, a Reading, UK-based provider of residential agency, block management and build-to-rent solutions. These moves mark MRI’s third acquisition in the UK, following its 2017 purchases of Qube Global Software and Real Asset Management, and its second in South Africa, following its December purchase of MDA Property Systems.

“I could not be more proud of the MRI team and our achievements in Q2,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “We’ve been on an aggressive growth path, but our people have remained focused. The global market is clearly embracing our open and connected approach to real estate software, and our results speak to both the quality of our solutions and the value we’re creating for our clients.

About MRI Software
MRI Software is a leading 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 modeling 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACT:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-6413

MRI Reinforces Commitment to the UK and the Evolving PRS Market

London – July 12, 2018 – MRI Software, a global leader in real estate software solutions, today announced the acquisition of CML Software, a Reading-based provider of residential agency, block management and build-to-rent solutions. This acquisition demonstrates MRI’s continued commitment to the United Kingdom residential market and expands its range of software solutions for sales, lettings and property management. The acquisition will add additional top tier agency market names into the MRI client base, strengthening the organisation’s position as the largest commercial real estate software provider in EMEA, serving more than 2,500 clients in the region.

“We are very pleased to welcome CML to the MRI Software family of companies,” said Dermot
Briody, Executive Managing Director for Europe at MRI. “CML’s software for residential
agencies and portfolio management rounds out MRI’s comprehensive offering for the diverse
UK residential market. Further, CML adds flagship clients to MRI’s extensive roster
and further enhances our team of experts on the ground in the United Kingdom. As we continue to invest in and enhance the solutions of all our recent acquisitions, including CML and Qube Global Software, our expanded footprint in the UK will enable us to even better serve and support our EMEA clients.” Briody adds. “The acquisition brings together two fast-growing organisations and delivers the opportunity to further increase market share for MRI, in a sector where many other existing players are being disrupted by market dynamics.”

CML Software’s solutions are specifically designed to address the needs of multi-office estate and lettings agencies, with robust analytics, multi-level reporting, and detailed permissions and role management. CML’s agency-branded web and mobile portals enable anytime, anywhere engagement with today’s digitally-oriented vendors, landlords and tenants. Adding these to the portfolio of solutions already on offer will create even more choice and flexibility for clients and allow for further development of the product suite through greater expertise and resources.

“MRI Software is the largest commercial real estate software company in EMEA, and, given how well our solutions fit within their suite, this acquisition will benefit CML’s clients by providing greater resources for support and access to a broad set of innovative proptech solutions,” said Al Chetwode, Managing Director at CML Software. “Meanwhile, MRI’s clients stand to benefit as well from the complementary solutions we are bringing to the MRI family. It’s a great combination, and we’re proud to join MRI.”

CML Software is MRI Software’s third acquisition in the UK, following its acquisitions of Qube and Real Asset Management in 2017. It is also MRI’s fifth acquisition in the EMEA region and its ninth acquisition overall since September 2017. CML, Qube and MRI clients will continue to be served without interruption while near-term integration activities focus on providing expanded offerings to all clients. Shea & Company acted as the exclusive financial advisor to MRI Software and their private equity sponsors, GI Partners and TA Associates.

Supporting Resources

• MRI Software Announces New Residential Proptech Solution for the UK
• MRI Software Acquires Qube Global Software

About CML Software
CML Software provides enterprise software to multiple-office sales and letting agents, as well as large property management and block management companies. The company’s products cover a range of disciplines from CRM capabilities through to property management, renewals, client accounting, portfolio accounting and block management. With a reputation for reliability and technical excellence, CML’s software works flexibly through the complete property business cycle to add efficient control, automation and process simplification at the same time as delivering tangible business value. For more information please visit cmlsoftware.com

About MRI Software
MRI Software is a leading 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. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

Media Contact:
Jeff Miller
LEWIS
mrisoftware@teamlewis.com
541-207-3461