MRI Software Has Acquired CallMaX

CallMaX Profile

  • CallMaX was founded in 2003 and is a leader in SaaS and mobile front-office solutions for apartment communities in the multifamily real estate industry
  • The company's automated communications platform enables communities to significantly improve their leasing and marketing functions, resident communications, office management and maintenance operations with an innovative combination of automated answering and outbound call services, mobile and web technology
  • CallMaX serves more than 1 million units nationwide and processes more than 1 million phone calls per month, while enjoying one of the highest customer retention rates in the industry

MRI Software Profile

  • MRI Software is a leader in business management software solutions to the property management and investment industries as well as to corporate real estate managers
  • As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the multifamily, commercial and investment advisor industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios
  • MRI Software was founded in 1971 and is headquartered in Cleveland
  • MRI Software is a portfolio company of GI Partners, a leading private investment firm based in San Francisco, investing in a number of sectors including the Technology, Media & Telecommunications, Healthcare, Retail & Leisure and Financial & Real Estate Services

Transaction Notes

  • MRI Software’s acquisition of CallMaX was announced on October 4, 2016; financial terms were not disclosed
  • As part of an ongoing mandate to source, evaluate and execute buy-side M&A opportunities in real estate software, Shea & Company acted as the exclusive advisor to MRI and their owner GI Partners on the transaction
Financial terms not disclosed
has acquired
Shea & Company served as the exclusive financial advisor to MRI Software and GI Partners