Breakthrough Results for MRI Software in 2015
Cleveland, OH – In the long history of MRI Software, 2015 stands out as the single most successful year experienced by the company. Records were set in revenue, software bookings, customer retention, and profitability – four of the most important metrics of an enterprise software provider.
MRI Software is also proud to report the achievement of nine consecutive quarters of revenue growth which can be attributed to continued market momentum through 2015 which is highlighted by the addition of over 200 new clients, 25% growth in core property management and 150% growth in the Asia-Pacific region.
These results reflect the impact of breakthrough product releases and acquisitions in the real estate software market and the MRI Software client base. In 2015 MRI Software, a global leader in property and investment management solutions for real estate, released the latest version of the flagship property management platform, Version X; launched a new online leasing offering Prospect Connect; and completed the acquisition of Investment Management provider Cougar Software.
By the close of 2015, more than 75% of MRI’s global client base had adopted Version X and began to leverage the groundbreaking user experience that provides both device and browser freedom while adding MRI-GO, a search based navigation method that brings a consumer software user experience to enterprise class software.
Prospect Connect adoption by the multifamily client base exceeded expectations and clients are now gaining benefits from the efficiencies delivered through a fully integrated on-line leasing product.
MRI Investment Management, formerly Cougar Software, bolstered MRI’s offerings with a range of solutions including a Valuations offering that offers a combination of desktop functionality enabled by cloud based collaboration and a Debt offering that provides a system of record for managing property debt contracts.
2015 also saw over 50 partners join MRI Software’s Partner Connect program, a market leading approach to solution federation, which empowers choice and flexibility for clients to create an application portfolio best suited to unique client business models and real estate portfolios.
“I’m tremendously proud of what our team accomplished in 2015,” says MRI Software CEO Patrick Ghilani. “We focused on two things in 2015, Relationships and Innovation, and our results indicate that we delivered on both fronts. I’m most proud of our record client retention rates and new client wins as these best indicate how clients feel about our market position, product strategies and long term commitments. We look forward to building on the success of 2015 and delivering a 2016 that allows us to again rewrite our own record book.”
About MRI Software
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
