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MRI Software Acquires NZ PropTech Platform

MRI Software has entered into an agreement to acquire New Zealand PropTech developer and cloud relationship management, media and marketing management, and transaction management platform for real estate agencies, PropertySuite.

PropertySuite is used by more than 4,000 residential, commercial, rural and project marketing real estate professionals across Australasia to consolidate disparate systems, reduce duplicative efforts, and automate manual processes. The company’s client base includes some of New Zealand’s largest and most well-established agencies.

David Bowie, managing director and SVP (Asia Pacific) for MRI Software, comments: “There’s definite demand from real estate agencies in this region to digitise and take advantage of the promises of web-enabled automation. The beauty of PropertySuite is it was designed and built specifically for the New Zealand market, so it has a long legacy of delivering the value clients in this market expect.

“Our goal is to offer powerful, easy-to-use tools that agencies of any size, sector, or location – be it city or rural – can access to unlock growth. The innovation embedded within PropertySuite is world-class, particularly its media publishing, marketing tools, and full website design solutions. It’s remarkably easy to use, mobile friendly, and intuitive, which our clients will love.”

Michael Graves, PropertySuite managing director, adds: “MRI’s open and connected ecosystem resonates deeply with our own philosophy. In fact, PropertySuite already integrates with more than 250 third-party solutions, helping deliver increased scalability, operational simplicity and ease-of-use for agencies.

“Our industry-specific solutions and market strength will only be enhanced with MRI’s 50 years’ experience in real estate software and innovation. It’s an absolute coup for our clients and team to have this opportunity to join our best-in-class solutions with MRI’s global development, customer service and support resources to accelerate our product innovation throughout the region.”

In March 2021, MRI announced the acquisition of property management solutions provider, Palace and workplace management solutions provider, WhosOnLocation, which both operate from New Zealand.

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Staff Reporter covers the latest news, trends and opinion from the facilities management (FM) and corporate real estate (CRE) sectors. The FM market is currently estimated to be worth USD 1 trillion annually and is projected to grow at a compounded annualised rate of approximately 5% between now and 2026.

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