About MRI Software
MRI Software is a company based in Solon (United States) founded in 1971 was acquired by GI Partners in June 2015.. MRI Software has raised $125 million across 3 funding rounds from investors including GI Partners, TA Associates and Harvest Partners. The company has 503 employees as of March 27, 2024. MRI Software has completed 54 acquisitions, including AMTdirect, Anacle Systems and Angus Systems. MRI Software offers products and services including MRI Living™, MRI @Work™, and Energy Management. MRI Software operates in a competitive market with competitors including AppFolio, Johnson Controls, VTS, Swell Energy and Equiem, among others.
- Headquarter Solon, United States
- Employees 503 as on 27 Mar, 2024
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Sectors
Business ServicesEnergy & Utilities Real Estate & Construction
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mri Software India Private Limited
- Date of Incorporation 17 Feb, 2016
- Jurisdiction Bangaluru, Karnataka, India
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Annual Revenue
$7.04 M (USD)56.95as on Mar 31, 2023
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Net Profit
$738.86 K (USD)70.48as on Mar 31, 2023
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EBITDA
$1.2 M (USD)66.47as on Mar 31, 2023
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Total Equity Funding
$125 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
GI Partners
& 3 more
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Employee Count
503
as on Mar 27, 2024
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Investments & Acquisitions
AMTdirect
& 53 more
- Acquired by
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Products & Services of MRI Software
MRI Software offers a comprehensive portfolio of products and services, including MRI Living™, MRI @Work™, and Energy Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing multifamily and affordable housing operations
Tools for commercial property financial and operational oversight
Platform to monitor and reduce energy consumption in properties
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Software Development Team
137 people
Sales and Marketing
82 people
Leadership Team
72 people
Product Management Team
66 people
Senior Team
46 people
Project Team
21 people
Finance and Accounting
19 people
Human Resources and Administration
16 people
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Funding Insights of MRI Software
MRI Software has successfully raised a total of $125M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(26 Jan 2010)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Series D - MRI Software | Valuation | Harvest Partners | |
| May, 2017 | Amount | Series D - MRI Software | Valuation | TA |
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| Jan, 2010 | Amount | Series D - MRI Software | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in MRI Software
MRI Software has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include GI Partners, TA Associates and Harvest Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Harvest Partners is engaged in alternative investment strategies.
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Founded Year | Domain | Location | |
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Data infrastructure companies are targeted for private equity investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by MRI Software
MRI Software has strategically engaged in corporate development activities, having acquired 54 companies. Notable acquisitions include AMTdirect, Anacle Systems and Angus Systems. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Provides digital tools for property management, inspections, and financial processes.
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2022 | ||||
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Digital software manages online real estate transactions efficiently.
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2020 | ||||
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Provider of identity verification solution
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MRI Software
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mri Software Comparisons
Competitors of MRI Software
MRI Software operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AppFolio, Johnson Controls, VTS, Swell Energy and Equiem, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
SaaS-driven property management software for owners and residential property managers
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| domain | founded_year | HQ Location |
Automotive batteries and HVAC equipment are manufactured and supplied globally.
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| domain | founded_year | HQ Location |
VTS is recognized for providing commercial real estate technology solutions.
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| domain | founded_year | HQ Location |
Reseller and installer of energy storage devices
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| domain | founded_year | HQ Location |
Community engagement platform for facility managers is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mri Software
Frequently Asked Questions about MRI Software
When was MRI Software founded?
MRI Software was founded in 1971 and raised its 1st funding round 39 years after it was founded.
Where is MRI Software located?
MRI Software is headquartered in Solon, United States. It is registered at Solon, Ohio, United States.
Is MRI Software a funded company?
MRI Software is a funded company, having raised a total of $125M across 3 funding rounds to date. The company's 1st funding round was a Series D of $125M, raised on Jan 26, 2010.
How many employees does MRI Software have?
As of Mar 27, 2024, the latest employee count at MRI Software is 503.
What is the annual revenue of MRI Software?
Annual revenue of MRI Software is $7.04M as on Mar 31, 2023.
What does MRI Software do?
MRI Software was founded in 1971 and is based in Solon, United States. Solutions in property management software are developed for residential and commercial real estate sectors. Core operations encompass accounting for properties, space allocation, tenant evaluation, and facility oversight. The companys domain, mrisoftware.com, supports these services in the real estate technology industry, serving global clients through digital platforms.
Who are the top competitors of MRI Software?
MRI Software's top competitors include AppFolio, DoorLoop and Johnson Controls.
What products or services does MRI Software offer?
MRI Software offers MRI Living™, MRI @Work™, and Energy Management.
How many acquisitions has MRI Software made?
MRI Software has made 54 acquisitions, including AMTdirect, Anacle Systems, and Angus Systems.
Who are MRI Software's investors?
MRI Software has 4 investors. Key investors include GI Partners, TA Associates, Harvest Partners, and Vista Equity Partners.
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