About MRI Software
MRI Software is a Business Services company based in Solon (United States) founded in 1971, and was acquired by GI Partners in June 2015. Property management software is provided for residential and commercial properties. It operates in the Business Services, Energy & Utilities, and Real Estate & Construction sectors. 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. MRI Software has completed 54 acquisitions, including AMTdirect, Anacle Systems and Angus Systems. Its website mrisoftware.com draws about 1.5 million monthly visits. Its Indian entity Mri Software India Private Limited reported revenue of ₹163 Cr. MRI Software offers products and services including MRI Living™, MRI @Work™, and Energy Management. Its focus areas include Real Estate and Construction Tech, Property Management Tech, Portfolio Management and Diversified. Its competitors include AppFolio, Johnson Controls and VTS; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Solon, United States
- Employees 503
- Stage Acquired
- SectorsBusiness ServicesEnergy & Utilities Real Estate & Construction
- Website category Finance
- Website mrisoftware.com
- Social LinkedIn X Facebook YouTube
- Acquired by GI Partners (Jun 2015)
- Legal Name Mri Software India Private Limited
- Date of Incorporation 17 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹163 Cr
FY 2025 · +75% YoY
- Indian entity net profit₹18.18 Cr
FY 2025 · 11% margin
- Indian entity EBITDA₹28.92 Cr
FY 2025 · 18% margin
- Total Equity Funding$125M (USD)
in 3 rounds
- InvestorsGI Partners
& 3 more
- Employee Count503
- Investments & AcquisitionsAMTdirect
& 53 more
- Acquired by
Associated legal entities of MRI Software
MRI Software operates through Mri Software India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mri Software India Private Limited CIN U72200KA2016FTC086251 | Active | 17 Feb 2016 | Bangalore, Karnataka | ₹163 Cr | 503 | 2 | View details |
Products & Services of MRI Software
MRI Software offers a comprehensive portfolio of products and services, including MRI Living™, MRI @Work™, and Energy Management.
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
Apps and channels of MRI Software
MRI Software publishes 3 mobile apps with over 11.1K+ downloads; its YouTube channel MRI Software has 2.09K subscribers and 30 videos.
Videos from MRI Software
The most watched videos on MRI Software's YouTube channel, MRI Software (2.09K subscribers). Click a video to play it here.
More on MRI Software.
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 $125M
- Total Rounds 3
- First Round $125M
(Jan 2010)
- Investors Count 3
All 3 funding rounds of MRI Software with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2020 | Series D | – | Harvest Partners | ||
| May 2017 | Series D | – | TA | – | |
| Jan 2010 | $125M | Series D | – | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are invested in by private equity firm TA. | ta.com | Boston, United States | ||
Harvest Partners is engaged in alternative investment strategies. | harvestpartners.com | |||
Data infrastructure companies are targeted for private equity investments. | 2001 | gipartners.com | San Francisco, United States | |
Investments are directed toward high-growth enterprise software and technology companies. | vistaequitypartners.com | Austin, United States |
Investor details for MRI Software
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Mri Software India Private Limited (MRI Software)
Mri Software India Private Limited is the primary company behind MRI Software. The board of Mri Software India Private Limited currently have 2 directors; the longest-serving is Padmanabha Thirumalaiah, appointed in 2023. 11 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Padmanabha Thirumalaiah DIN 10064639 | Managing Director | 21 Mar 2023 | 3 yrs 7 mo | Mri Software India Private Limited |
| Sekhar Supraja Gayathri DIN 10889357 | Additional Director | 22 Jan 2025 | 1 yr 9 mo | Mri Software India Private Limited |
People of MRI Software
569 people are tracked at MRI Software (160 in leadership, 409 in team); the tracked headcount is 503.
| Name | Role | Group |
|---|---|---|
Brett Baxt | Sales Director | Leadership |
Kayla Fenstermaker | Director, Sales Enablement | Leadership |
Allen Féliz | Vice President, U.s. Affordable Housing | Leadership |
Angela Mihalarias | Vice President, APAC Professional Services & Support | Leadership |
Sandy Rogers | Director, Global Client Support | Leadership |
Mandira Mehra | Chief Marketing Officer | Leadership |
Patrick Ghilani | Chief Executive Officer | Leadership |
Christopher Pemberton | Vice President, Sales Engineering & Solutions Architecture | Leadership |
Richard Shaw | Senior Director, Sales | Leadership |
Christopher Hegge | Sr. Director, Go-to-market Solution Leader | Leadership |
Kyle Rossi | Sales Director – Energy Management Solutions (emea) | Leadership |
Geoff Webb | Senior Director | Leadership |
Matt Henning | Sales Director - Enterprise Accounts | Leadership |
Cara Minahan | Partner Development Manager I | Leadership |
Arik Kogan | Head Of Specialist Solutions Architecture | Leadership |
Asad Udaipurwala | Director Of Product Development | Leadership |
David Bowie | EVP, Executive Managing Director, APAC | Leadership |
Richard Layton | Director, Product Management EMEA | Leadership |
Andrea Matheny | Vice President, Residential Sales | Leadership |
Laura Waldrep | Director | Leadership |
549 more people are available in the full profile.
Complete people profiles for MRI Software
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of MRI Software
Figures of Mri Software India Private Limited, the primary company behind MRI Software, for FY 2025. Revenue was ₹163 Cr (+75% year on year). Net profit was ₹18.18 Cr (11% margin). EBITDA was ₹28.92 Cr (18% margin). Revenue has grown at a compounded annual rate of +63% over three years and +96% over five years.
- ₹163 CrRevenue · FY 2025 · +75% YoY
- ₹18.18 CrNet profit · 11% margin
- ₹28.92 CrEBITDA · 18% margin
- ₹31 LakhPaid-up capital
- 503Employees (provident fund records)
- +63%Revenue CAGR, 3 years
- +96%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Mri Software India Private Limited are on its company page.
Detailed financial statements for MRI Software
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provides digital tools for property management, inspections, and financial processes. | proptechlabs.com | Australia | 2022 | Oct 2025 | •••• | |
Energy management software and business software solutions | anacle.com | Singapore | 2006 | Jun 2025 | •••• | |
Software solutions are provided for container shipping and logistics. | iinterchange.com | Chennai, India | 2004 | Dec 2024 | •••• | |
Capita is engaged in providing business process outsourcing and digital services. | capita.com | London, United Kingdom | 1984 | Jul 2024 | •••• | |
Residential leases are guaranteed for creditworthy renters lacking financial qualifications. | insurent.com | New York, United States | 2005 | Jun 2024 | •••• | |
Digital software manages online real estate transactions efficiently. | egent.pro | Denver, United States | 2020 | Jan 2024 | •••• | |
Provider of property management systems for the commercial, retail, and real estate sector | locisolutions.com | Sydney, Australia | 2007 | Jul 2023 | •••• | |
Property management software for commercial spaces is provided. | proptechgroup.io | Melbourne, Australia | 2006 | Oct 2022 | $93.4M | |
Credit scoring services are provided for financial risk assessment. | tpn.co.za | Rivonia, South Africa | 2000 | Oct 2022 | •••• | |
In-store traffic is analyzed via cloud-based software for retailers. | spring-board.info | Milton Keynes, United Kingdom | 2002 | Oct 2022 | •••• |
Complete acquisition details for MRI Software
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
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- Complete history
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Verified entity values are shown only after access is granted.
Timeline of MRI Software
15 dated milestones of MRI Software across 54 years, from founding to its latest funding, stage changes and deals.
- Founded MRI Software is founded.
- Exit Acquired by Vista Equity Partners.
- Funding First funding round of $125.0M.
- Exit Acquired by GI Partners.
- Funding Latest funding round, Series D,.
- Acquisition Acquires Springboard.
- Acquisition Acquires TPN Credit Bureau.
- Acquisition Acquires PropTech Group.
- Acquisition Acquires Loci Solutions.
- Acquisition Acquires eGent.
- Acquisition Acquires Insurent.
- Acquisition Acquires Capita.
- Acquisition Acquires iInterchange.
- Acquisition Acquires Anacle Systems.
- Acquisition Acquires Proptech Labs.
Competitors of MRI Software
MRI Software has 3 listed competitors in our database, 2 of them funded. They include AppFolio, Johnson Controls and VTS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| appfolio.com | 2006 | Santa Barbara, United States | $30M | 1,634 | SaaS-driven property management software for owners and residential property managers | |
| johnsoncontrols.com | 1885 | Milwaukee, United States | 100,000 | Automotive batteries and HVAC equipment are manufactured and supplied globally. | ||
| vts.com | 2011 | New York, United States | $302M | 310 | VTS is recognized for providing commercial real estate technology solutions. |
Detailed competitors of MRI Software
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Web traffic of MRI Software
The website of MRI Software (mrisoftware.com) receives about 1.5M visits a month and ranks #34,438 among all websites worldwide, #2,182 in Finance.
- Monthly visits1.5M
▲ 10.6% vs previous month
- Unique visitors401.3K
per month
- Global rank#34,438
among all websites
- Category rank#2,182
Finance · Finance
- Bounce rate39%
- Pages per visit5.3
- Average visit6 min 02 sec
- DevicesDesktop 53% · Mobile 47%
Websites whose visitors overlap most with MRI Software. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| rentpayment.com | 100% | 477.6K | #85,233 | View details | |
mrisoftware.webex.com | mrisoftware.webex.com | 95% | – | ||
| aciworldwide.com | 94% | 134.5K | #343,358 | View details | |
| datarails.com | 94% | 262.5K | #150,046 | View details | |
| remitly.com | 94% | 7M | #7,256 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for MRI Software
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- 40 similar websites
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Top companies in Facility Management Platforms
3 companies that operate in the same segment as MRI Software (Facility Management Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based software is provided for managing outdoor events and activities. | 1999 | Dallas, Texas, United States | USD 313.84 M | 2,458 | ||
Envoy is recognized for providing workplace management solutions. | 2013 | San Francisco, California, United States | USD 170.5 M | 463 | ||
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | 109 |
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Related news about Mri Software
Complete news archive for MRI Software
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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. The company's 1st funding round was a Series D of $125M, raised on Jan 2010.
MRI Software has 503 employees.
The primary company behind MRI Software, Mri Software India Private Limited, reported revenue of ₹163 Cr for FY 2025, up 75% year on year.
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, Johnson Controls and VTS.
MRI Software offers MRI Livingâ„¢, MRI @Workâ„¢, 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.
MRI Software operates through Mri Software India Private Limited.
Yes. MRI Software was acquired by GI Partners in June 2015.