MRI Software Receives A Strategic Equity Investment From TA Associates

MRI Software Profile

  • MRI Software was founded in 1971 and is headquartered in Solon, Ohio
  • The company is a leading global provider of innovative real estate software applications and hosted solutions for real estate owners, operators, occupiers and investors
  • MRI’s portfolio includes solutions for commercial and multifamily property management, leasing, accounting and finance; offerings for managing the tenant and resident lifecycle; robust investment management and modeling solutions for optimizing the performance of deployed capital; and sophisticated reporting and analytics offerings
  • MRI Software is a portfolio company of GI Partners, a leading global growth private equity firm based in San Francisco, investing in a number of sectors including Technology, Media & Telecommunications, Healthcare, Retail & Leisure and Financial & Real Estate Services

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

TA Associates Profile

  • TA Associates is a leading private equity firm and has raised over $24  billion in capital
  • One of the largest and most experienced growth private equity firms, TA has invested in more than 480 companies around the world
  • TA was founded in 1968 and is headquartered in Boston, with offices in Menlo Park, London, Mumbai and Hong Kong

Transaction Notes

  • The pending strategic investment in MRI Software by TA Associates was announced on May 23, 2017
  • GI Partners has been a strong supporter and a key contributor to the acceleration of our business, and we look forward to continuing this relationship.  Expanding our partnership to include TA Associates, a firm with deep software industry experience and global scale, provides additional resources to fuel our growth through further expansion of our international footprint and our real estate technology solutions.  The combination of these two leading strategic investors provides greater access to global resources and enables us to invest even more to deliver innovation, flexibility and value for our clients and partners.” – Patrick Ghilani (CEO, MRI Software)
  • MRI Software has established a differentiated position in the fast-growing real estate software space with a comprehensive, configurable and open platform that meets the unique needs of real estate owners, operators and investors.  With significant investment in product, people and partners, MRI is well positioned to continue growing its leadership position in the commercial, residential and investment management markets.” – Hythem El-Nazer (Managing Director, TA Associates)
  • Shea & Company served as the exclusive financial advisor to MRI Software and its owner GI Partners
Financial terms not disclosed
has received an investment from
Shea & Company served as the exclusive financial advisor to MRI Software and GI Partners