{"id":20039,"date":"2018-07-05T11:47:23","date_gmt":"2018-07-05T10:47:23","guid":{"rendered":"http:\/\/www.intelligentcio.com\/africa\/?p=20039"},"modified":"2018-07-05T11:47:23","modified_gmt":"2018-07-05T10:47:23","slug":"mri-software-acquires-software-solution-provider-propsys","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/africa\/2018\/07\/05\/mri-software-acquires-software-solution-provider-propsys\/","title":{"rendered":"MRI Software acquires software solution provider PropSys"},"content":{"rendered":"

MRI Software<\/span><\/a>, a global leader in real estate software solutions, has announced the acquisition of\u00a0PropSys<\/span><\/a>, a property software solution provider based in\u00a0Johannesburg, South Africa<\/span><\/span>. <\/span><\/p>\n

Founded in 2003, but with institutional and market experience in the region that goes back to 1977 thanks to an acquisition of its own, PropSys has established a strong foothold in the South African market with nearly 200 clients and a solutions portfolio that serves real estate companies of all sizes.<\/span><\/p>\n

This acquisition, in conjunction with MRI purchasing\u00a0Cape Town<\/span><\/span>-based\u00a0MDA Property Systems<\/span><\/a>, makes MRI the clear market share leader for commercial real estate software in\u00a0South Africa<\/span><\/span>\u00a0and the surrounding region and solidifies MRI’s position as one of the largest players in the African continent and the\u00a0Middle East<\/span><\/span>.<\/span><\/p>\n

“Bringing the PropSys suite of products under the MRI umbrella strengthens our presence in the region not just by growing our pool of real estate talent in\u00a0South Africa<\/span><\/span>\u00a0to more than 50 and giving us a commanding market share, but also by providing access to the deep relationships and market knowledge that PropSys has acquired over the past 15 years,” said\u00a0Mark Fairweather<\/span><\/span>, Managing Director,\u00a0Africa<\/span><\/span>, for MRI Software. <\/span><\/p>\n

“With the combined strength of MRI, MDA and PropSys, we’re in a terrific place to continue helping real estate companies in\u00a0Africa<\/span><\/span>\u00a0and the larger EMEA region take their business where they want to go for years to come.”<\/span><\/p>\n

MRI Software will continue to support PropSys property management and financial solutions and clients will receive the same level of exceptional service. In addition, PropSys clients will benefit from MRI’s comprehensive software portfolio and commitment to product innovation. The breadth of MRI’s solutions set will offer PropSys clients new avenues to increase their efficiencies and facilitate the growth of their businesses.<\/span><\/p>\n

The\u00a0MRI Investment Suite<\/span><\/a>, for example, features\u00a0MRI Global Valuations<\/span><\/a>\u00a0which allows clients to quickly and accurately value complex commercial assets, while the\u00a0MRI Financials Suite<\/span><\/a>\u00a0includes\u00a0MRI Fixed Assets<\/span><\/a>\u00a0accounting software, a comprehensive solution that maximises tax benefits, improves compliance and increases asset ROI.<\/span><\/p>\n

“The opportunity to join MRI at a time of such exciting growth in the real estate sector, both in\u00a0South Africa<\/span><\/span>\u00a0and across the world, was simply too good to pass up,” said\u00a0Marius Vermeulen<\/span><\/span>, CEO of PropSys.<\/span><\/p>\n

“With MRI’s expansive software capabilities, global reach and commitment to\u00a0South Africa<\/span><\/span>\u00a0and\u00a0Africa<\/span><\/span>\u00a0as a whole, I have the utmost confidence that the combination of our companies will help our clients reach new heights.”<\/span><\/p>\n

PropSys is MRI Software’s second acquisition in\u00a0South Africa<\/span><\/span>, following its acquisition of MDA Property Systems in\u00a0December 2017<\/span><\/span>. It is also MRI’s fourth acquisition in the EMEA region and its eighth acquisition overall since\u00a0September 2017<\/span><\/span>. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

MRI Software, a global leader in real estate software solutions, has announced the acquisition of\u00a0PropSys, a property software solution provider based in\u00a0Johannesburg, South Africa. Founded in 2003, but with institutional and market experience in the region that goes back to 1977 thanks to an acquisition of its own, PropSys has established a strong foothold in […]<\/p>\n","protected":false},"author":25,"featured_media":20041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[399,19,183],"tags":[745,5851,5847,5850,5849,5848,718,5846,1882],"class_list":["post-20039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-news","category-regional-news","category-software","tag-johannesburg","tag-marius-vermeulen","tag-mark-fairweather","tag-mri-financials-suite","tag-mri-global-valuations","tag-mri-investment-suite","tag-mri-software","tag-propsys","tag-southern-africa"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/20039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/comments?post=20039"}],"version-history":[{"count":1,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/20039\/revisions"}],"predecessor-version":[{"id":20042,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/posts\/20039\/revisions\/20042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media\/20041"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/media?parent=20039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/categories?post=20039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/africa\/wp-json\/wp\/v2\/tags?post=20039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}