MDA Property Systems Acquired by MRI Software, a Global Leader in Real Estate Software Solutions
Acquisition Affords MDA Access to a Global Network of Real Estate Specialists, Added Support, and Greater Set of Solutions for Growing Client Base.
Cape Town – December 14, 2017 – MDA Property Systems, a property management and accounting software company based in Cape Town, South Africa, today announced it has been acquired by MRI Software, a global leader in real estate software solutions. Founded in 1971, MRI Software is based outside Cleveland, Ohio, with offices throughout North America, Europe, Asia, and Australia. With a global presence, MRI markedly expands MDA’s access to a vast network of real estate specialists, providing ongoing support for continued growth as well as access to a greater set of solutions for our growing client base – particularly in relation to internationalisation.
“Combining with MRI Software gives us a global channel for our solutions and a wealth of resources to continue developing our property management software, to both add new capabilities and build integrations with complementary MRI offerings,” said Mark Fairweather, managing director of MDA Property Systems. “We are exceptionally excited to join the MRI family and provide international backing to the continued development of our product set for the benefit of our loyal client base. I look forward to joining the MRI team and continuing to lead MDA into the future.”
MDA clients will benefit from increased investment and innovation into the company’s core solutions. Additionally, MRI Software’s broad solution set – including the company’s Investment Suite, Fixed Asset Accounting and Facilities Management solutions – provides key capabilities for MDA clients managing both domestic and global portfolios. MRI’s multinational clients can in turn leverage MDA’s capabilities to work more effectively in the Southern African market.
“Africa and the Middle East represent important growth markets for global investors and, therefore, are key to MRI Software’s rapid worldwide expansion,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “MDA Property Systems has a stellar reputation in these markets, and they’ve built an extremely loyal following for their innovative and intuitive solutions. MRI also has a rich legacy in the region, having served the African market for more than two decades. Uniting the strengths of both companies, we are well positioned to bring a comprehensive set of real estate software solutions to the region.”
MDA will continue to serve its clients without interruption while near-term integration activities will focus on providing expanded offerings to all clients.
About MDA Property Systems
After developing and delivering property management solutions for nearly three decades, MDA Property Systems is the acknowledged leader in Africa. MDA Property Manager©, their core cloud-based application, provides comprehensive software for property and facility managers, with integrated accounting and real-time financial reporting. It is designed around industry-best practices and business processes, and is used every day by leading property owners and managers. MDA’s relentless approach to customer service shines through from initial engagement, through day-to-day support, and on an ongoing technical level. For more information, please visit mdapropsys.com.
About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.