MRI Software - About the company
MRI Software is an acquired company based in Solon (United States), founded in 1971 by Scott Olsen. It operates as a Provider of real estate software for property and lease management. MRI Software has raised $125M in funding from TA Associates and Harvest Partners, with last known valuation of $*****. The company has 892 active competitors, including 47 funded and 44 that have exited. Its top competitors include companies like AppFolio, VTS and Johnson Controls.
Company Details
Provider of real estate software for property and lease management. The company delivers solutions for commercial, affordable, public, and multifamily housing sectors. It offers tools for facility, energy, and workplace management. The company also provides marketing, sales, leasing, risk, and fraud management solutions.
- Website
- www.mrisoftware.com/
- Social
- Registered Address
- Solon, Ohio
Key Metrics
Founded Year
1971
Location
Solon, United States
Stage
Acquired
Total Funding
$125M in 3 rounds
Latest Funding Round
Last Known Valuation
$***** as on Sep 27, 2025
Investors
Ranked
6th among 892 active competitors
Employee Count
4,496 as on Aug 31, 2026
Investment & Acquisitions
Exit Details
Acquired by GI Partners (Jun 03, 2015)
Legal entities associated with MRI Software
MRI Software is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MRI SOFTWARE LLC CIN: 12714996092 , United States, Active | Mar 07, 2017 | - | - | - |
MRI SOFTWARE INDIA PRIVATE LIMITED CIN: U72200KA2016FTC086251 , India, Active | Feb 17, 2016 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 781 (As on Oct 31, 2024) | |
MRI Software LLC CIN: 4752686 , United States, Active | Nov 11, 2009 | - | - | - |
MRI SOFTWARE, LLC. CIN: 271499609 , United States, Active | Dec 26, 999 | - | 1151 (As on Dec 31, 2024) | - |
MRI Software's acquisition details
MRI Software got acquired by GI Partners on Jun 03, 2015.
Click here to take a look at MRI Software's acquisition in detail
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MRI Software's funding and investors
MRI Software has raised a total funding of $125M over 3 rounds. Its first funding round was on Jan 26, 2010. Its latest funding round was a Series D round on Jan 15, 2020 for $*****. 3 investors participated in its latest round. MRI Software has 6 institutional investors.
Here is the list of recent funding rounds of MRI Software:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 15, 2020 | 8536985 | Series D | 5702938 | 2404379 | 4779891 | 2671609 |
May 23, 2017 | 8070369 | Series D | 5203359 | 6081502 | 8255748 | 1212613 |
Jan 26, 2010 | 9205054 | Series D | 4406256 | 2595198 | 2895539 | 1089716 |
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MRI Software's founders and board of directors
Founder? Claim ProfileThe founders of MRI Software is Scott Olsen.
Here are the details of MRI Software's key team members:
- Scott Olsen: Founder & MD of MRI Software and founder of 1 other company.
- Patrick Ghilani: CEO of MRI Software. Contact Info: 1 email address
View details of MRI Software's Founder profiles and Board Members
MRI Software's employee count trend
MRI Software has 4,496 employees as of Aug 26. Here is MRI Software's employee count trend over the years:
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MRI Software's Competitors and alternates
Top competitors of MRI Software include AppFolio, VTS and Johnson Controls. Here is the list of Top 10 competitors of MRI Software, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | AppFolio 2006, Santa Barbara (United States), Public | SaaS-driven property management software for owners and residential property managers | $30M | 77/100 | |
2nd |  VTS 2011, New York City (United States), Series E | Cloud driven real estate leasing and asset management software | $302M | 71/100 | |
3rd | Johnson Controls 1885, Cork (Ireland), Public | Manufacturer and supplier of automotive batteries and HVAC equipment | - | 71/100 | |
4th | Flair Systems 2014, San Francisco (United States), Series B | Manufacturer of smart vents and climate control hardware for buildings | $8.78M | 64/100 | |
5th | Cohesion 2018, Chicago (United States), Series A | Provider of a platform for smart building management and operations | $30.5M | 58/100 | |
6th | MRI Software 1971, Solon (United States), Acquired | Provider of real estate software for property and lease management | $125M | 58/100 | |
7th | Yardi 1982, Santa Barbara (United States), Unfunded | Provider of property management software solutions for property owners & managers | - | - | 58/100 |
8th | 24/7 Software 2007, Boca Raton (United States), Funding Raised | Task management and communication software | - | 57/100 | |
9th | Thing-It 2015, Brooklyn (United States), Acquired | Provider of a cloud and AI-based end-to-end IoT platform | $13.1M | 56/100 | |
10th | Building Engines 2000, Waltham (United States), Acquired | SaaS-driven building energy management solution for the CRE industry | $39.2M | 55/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on MRI Software's competitors? Click here to see the top ones
MRI Software's Investments and acquisitions
MRI Software has not made any investments yet. MRI Software has made 59 acquisitions.Here is the list of latest three $acquisitions:
Filter this list
Filter this listDate of Investment/Acquisition | Type | Company Name | Founded Year | Location |
|---|---|---|---|---|
Oct 07, 2025 | Acquisition | 2022 | ||
Jun 10, 2025 | Acquisition | 2006 | Singapore (Singapore) | |
Dec 10, 2024 | Acquisition | 2004 | Chennai (India) |
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Reports related to MRI Software
Here is the latest report on MRI Software's sector:
News related to MRI Software
Filter this listMedia has covered MRI Software for a total of 15 events in the last 1 year, 7 of them have been about company updates and 3 about partnerships.
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MRI Software discusses AI, data readiness, and unified platforms in UAE and GCC real estateTahawulTech.com•Jul 10, 2026•MRI Software
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MRI Software Launches AI-Powered Real Estate Solutions: Agora Intelligence and OrchestratorPR Newswire•Jun 25, 2026•MRI Software
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Chicago's MRI Software names Dermot Briody as Chief Revenue Officerrejournals.com•May 15, 2026•MRI Software
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Deluxe and MRI Software Partner to Enhance Payment Capabilities for Property Management CompaniesBusiness Wire•Apr 28, 2026•Deluxe corporation, MRI Software
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Making AI work for your real estate business: From hype to resultsmultifamilydive.com•Mar 16, 2026•MRI Software
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SCWorx Announces New SaaS and Data Management Customer AccessibilityGlobeNewswire•Mar 04, 2026•SCWoRx, Workday, Fairview Health Services, MRI Software
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Muheel Selects MRI Software to Power Facilities Management in Kingdom Middle EastPR Newswire•Dec 23, 2025•Muheel, MRI Software
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GoCardless Partners with MRI Software to Launch Payment Connector in UK Real EstateCrowdfund Insider•Dec 04, 2025•GoCardless, MRI Software, Octopus Energy
•
MRI Software Expands Middle East Presence with New Riyadh OfficePR Newswire•Oct 26, 2025•MRI Software
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