MRI Software has announced its acquisition of Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial and education markets in South Africa.
TPN’s solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits.
Founded in 2000, TPN serves more than 20,000 property and education clients, including landlords, property and institutional investors, property funds, brokers, managing agents, and practitioners. TPN is widely known for providing valuable data and insights to the likes of the South African Reserve Bank (SARB), major commercial banks, most of South Africa’s listed Real Estate Investment Trusts (REITs), and a variety of industry bodies.
“TPN is recognised as the most comprehensive authority on tenant behaviour in the region”Mark Fairweather, managing director, MRI Africa
“In the face of global economic uncertainty and the financial pressures created by widespread inflation, it’s more important than ever to have accurate, detailed tenant profiles to support decision-making,” says Mark Fairweather, managing director of MRI Africa. “TPN is recognised as the most comprehensive authority on tenant behaviour in the region, and we are exceptionally excited to welcome them to the MRI family which shares many of their clients.”
MRI is alreadyh one of the largest players in the market for real estate software in the MEA region, and the acquisition of TPN is expected to strengthens MRI’s capabilities in its property management and accounting software portfolio.
“Since launching TPN over 20 years ago, we’ve created an unrivalled database of tenant and education information that has helped our clients mitigate risk and optimise cash flow. We are proud to have supported clients across South Africa by enhancing their operations while navigating both change and opportunity alike,” says Chris Dickens, Chief Information Officer of TPN Group. “Joining MRI means our clients will benefit from greater business reach and gain access to enhanced capabilities, supported by scaled organisational structure.”