MRI Software, a Solon, Ohio – based provider of real estate software solutions, received an investment from funds managed by Harvest Partners, LP, along with TA Associates.
The amount of the deal was not disclosed.
The company intends to use the funds to bolster innovation across its end-to-end offering, accelerate growth, and extend its global presence.
Led by Patrick Ghilani, Chief Executive Officer, MRI provides real estate companies with real estate software applications and hosted solutions, coupled with an open and connected ecosystem to improve operations and maximize portfolio value.
Today, the company has more than 8,500 enterprise clients, representing over two million users. Over the last three years, MRI has grown both organically and through strategic acquisitions, resulting in a more than tripling of the size of the business and doubling the number of empoyees to 1,450.
The company, which has expanded its global presence with major strategic acquisitions in the United Kingdom, South Africa and Australia, has also made key acquisitions that strengthen its product offering and capacity for future innovation, including Leverton, a developer of artificial intelligence for the real estate sector, and ProLease, which enhanced capabilities aimed at helping corporate occupiers manage lease administration and analysis while meeting new global accounting standards.
MRI now serves clients in more than 170 countries from 30 locations around the world, including Cleveland, Atlanta, Boston, Toronto, London, Cape Town, Singapore, and Sydney.