MRI Software

Solon, United States Founded: 1971 • Age: 55 yrs Acquired By GI Partners
Property management software is provided for residential and commercial properties.
Annual revenue $7.0M Latest available
Total funding $125.0M 3 rounds
Employees 503 Tracked headcount
Investors 4 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Business Services
    Energy & Utilities Real Estate & Construction
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Mri Software India Private Limited
  • Date of Incorporation 17 Feb, 2016
  • Jurisdiction Bangaluru, Karnataka, India
Operational Areas
Business Services → Facility, Security & Field Operations Unlock Sub-Sector Unlock Segment
Energy & Utilities → Energy Storage & Efficiency Unlock Sub-Sector Unlock Segment
Real Estate & Construction → Property Technology (PropTech) Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $7.04 M (USD)
    56.95
    as on Mar 31, 2023
  • Net Profit
    $738.86 K (USD)
    70.48
    as on Mar 31, 2023
  • EBITDA
    $1.2 M (USD)
    66.47
    as on Mar 31, 2023
  • Total Equity Funding
    $125 M (USD)

    in 3 rounds

  • Latest Funding Round
    Not available
  • Investors
    GI Partners

    & 3 more

  • Employee Count
    503

    as on Mar 27, 2024

  • Investments & Acquisitions
    AMTdirect

    & 53 more

  • Acquired by
    GI Partners

    & 1 more

    (Jun 03, 2015)

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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.

Product name locked
Category locked
Primary

Software for managing multifamily and affordable housing operations

Product name locked
Category locked
Locked

Tools for commercial property financial and operational oversight

Product name locked
Category locked
Locked

Platform to monitor and reduce energy consumption in properties

People of MRI Software

Headcount 1000-5000
Employee Profiles 569
Employee Profiles
People
Brett Baxt
Sales Director
People
Kayla Fenstermaker
Director, Sales Enablement
People
Allen Féliz
Vice President, U.s. Affordable Housing
People
Justin Tilley
CRM Services Manager, APAC

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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.

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.

All
Venture Fund
Investor Description Founded Year Domain Location
Multiple sectors are invested in by private equity firm TA.
Locked Locked Locked
Harvest Partners is engaged in alternative investment strategies.
Locked Locked Locked
Data infrastructure companies are targeted for private equity investments.
Locked Locked Locked
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Investor details for MRI Software

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

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.

Investments
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Investment portfolio details for MRI Software

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
Provides digital tools for property management, inspections, and financial processes.
Locked Locked 2022 Locked
Digital software manages online real estate transactions efficiently.
Locked Locked 2020 Locked
Provider of identity verification solution
Locked Locked 2017 Locked
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Complete acquisition details for MRI Software

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

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Financial Statements - MRI Software

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Detailed financials for MRI Software

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Mri Software Comparisons

MRI Software Primary company
Description
Property management software is provided for residential and...
Location
Solon, United States
Founded Year
1971
Annual Revenue
$7.04 M (USD)
Net Profit
$738.86 K (USD)
EBITDA
$1.2 M (USD)
Employees
503
As of 2024
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Peer comparison for MRI Software

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  • Headcount comparison
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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.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
SaaS-driven property management software for owners and residential property managers
Locked Locked Locked
Automotive batteries and HVAC equipment are manufactured and supplied globally.
Locked Locked Locked
VTS is recognized for providing commercial real estate technology solutions.
Locked Locked Locked
Reseller and installer of energy storage devices
Locked Locked Locked
Community engagement platform for facility managers is provided.
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Detailed competitors of MRI Software

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

Verified entity values are shown only after access is granted.

Latest news on Mri Software

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Complete news archive for MRI Software

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about MRI Software

MRI Software was founded in 1971 and raised its 1st funding round 39 years after it was founded.

MRI Software is headquartered in Solon, United States. It is registered at Solon, Ohio, United States.

MRI Software is a funded company, having raised a total of $125M across 3 funding rounds to date.

As of Mar 27, 2024, the latest employee count at MRI Software is 503.

Annual revenue of MRI Software is $7.04M as on Mar 31, 2023.

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.

MRI Software's top competitors include AppFolio, DoorLoop and Johnson Controls.

MRI Software offers MRI Living™, MRI @Work™, and Energy Management.

MRI Software has made 54 acquisitions, including AMTdirect, Anacle Systems, and Angus Systems.

MRI Software has 4 investors. Key investors include GI Partners, TA Associates, Harvest Partners, and Vista Equity Partners.

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