MRI Software, a leading provider of real estate software solutions based in Solon, Ohio, is set to receive a strategic investment from TA Associates, a global growth private equity firm. The exact amount of the investment has not been disclosed.
TA Associates will join GI Partners, who acquired MRI in June 2015, as an investor in the company. As part of the funding arrangement, Hythem El-Nazer and Jason Werlin, both Managing Directors at TA Associates, will be appointed to MRI Software’s Board of Directors.
This investment marks an important milestone for MRI Software, as it will provide the necessary resources to fuel its business growth, expand its international presence, and enhance its real estate technology solutions.
MRI Software, under the leadership of CEO Patrick Ghilani, has been operating since 1971. The company offers a comprehensive portfolio of software solutions tailored to real estate owners, operators, occupiers, and investors. These solutions cover a wide range of areas, including commercial and multifamily property management, leasing, accounting and finance, tenant and resident lifecycle management, investment management and modeling, as well as reporting and analytics.
With its headquarters in Solon, MRI Software serves over 3,100 clients worldwide. The company has offices located in Atlanta, Dallas, London, Hong Kong, Singapore, Sydney, and Toronto, enabling it to provide global support to its clients.
