MRI Software Has Been Acquired by GI Partners

MRI Software Profile

  • MRI Software is a leader in business management software solutions for the property management and investment industries as well as for corporate real estate managers
  • MRI serves the multifamily, commercial and investment advisor industries, helping customers maximize returns on diverse business portfolios
  • MRI Software was founded in 1971 and is headquartered in Solon, OH
  • MRI Software was a portfolio company of Vista Equity Partners, a leading private equity firm focused on investing in software and technology-enabled businesses

GI Partners Profile

  • GI Partners is a leading private investment firm based in San Francisco
  • The firm currently manages over $11 billion in capital commitments through middle market private equity and select real estate strategies for recognized institutional investors across the globe
  • GI Partners is active in a number of key sectors, including Technology, Media & Telecommunications, Healthcare, Retail & Leisure and Financial & Real Estate Services

Transaction Notes

  • The pending acquisition of MRI Software by GI Partners was announced on June 3, 2015
  • "GI Partners was drawn to MRI's unique and leading position in the real estate industry, an end market we know very well. The management team has built a world-class enterprise through both organic growth and the successful integration of several strategic add-on acquisitions over the past four years to further develop its product offerings. In our discussions with the MRI team, we have already identified several significant growth opportunities for the company, including expansion into new geographies and applications, and we look forward to working with Patrick Ghilani and his talented team to capitalize on these opportunities." – Travis Pearson (Managing Director, GI Partners)
  • "MRI is one of the strongest, most dynamic brands in real estate software because of our relentless passion for delivering real value to our clients through exceptional products, services, and relationships. We could not be more pleased to have GI Partners alongside us during these exciting times at MRI. GI's talented team, real estate experience, and commitment to growth, complement and strengthen the direction we have outlined to our valued clients and partners around the globe. MRI and GI are tightly aligned and committed to ensure that the entire MRI family experiences the success and rewards intended by this transaction. I wanted to thank Vista for being a great partner over the last five years and look forward to forging our new partnership with GI." – Patrick Ghilani (CEO, MRI Software)
  • Shea & Company served as the exclusive financial advisor to MRI Software and its owner Vista Equity Partners
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Shea & Company served as the exclusive financial advisor to MRI Software and Vista Equity Partners