GI Partners, who acquired MRI in June 2015, will remain an investor in the company, alongside TA Associates. In conjunction with the funding, Hythem El-Nazer, a Managing Director at TA Associates, and Jason Werlin, a Managing Director at TA Associates, will join MRI Software’s Board of Directors.
The investment will help the company to continue to accelerate business growth further expansion of its international presence and its real estate technology solutions.
Founded in 1971 and led by Patrick Ghilani, Chief Executive Officer, MRI Software provides real estate owners, operators, occupiers and investors with a portfolio including solutions for commercial and multifamily property management, leasing, accounting and finance; offerings for managing the tenant and resident lifecycle; investment management and modeling solutions for optimizing the performance of deployed capital; and reporting and analytics offerings.
The company supports its 3,100 global clients from its headquarters in Solon, and offices in Atlanta, Dallas, London, Hong Kong, Singapore, Sydney and Toronto.