Integratec is a leading provider of software and services that manage the full life cycle of real estate investments.
MRI Software is a leading provider of innovative real estate software applications and hosted solutions.
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PRESS RELEASE OVERVIEW
SEG Client, Integratec, Acquired By MRI Software
Software Equity Group (SEG) announces its client, Integratec, a leading provider of software and services that manage the full lifecycle of real estate investments, has been acquired by MRI Software, a leading provider of property and investment management solutions for the global commercial real estate market. SEG served as exclusive advisor to Integratec.
The combined organizations will offer one of the most robust investment management suites available in the market, serving all asset classes, covering both equity and debt, for real estate investors, lenders, fund managers, developers, and owners.
In addition to strengthening MRI’s footprint in the Affordable Housing and Private Equity Real Estate markets, Integratec will add industry-differentiating capabilities to the MRI Software family, including comprehensive data aggregation services, custom investor reporting services, and personalized investor portals for communication and collaboration.
“I’m extremely pleased to welcome the Integratec employees, clients, and solutions to the MRI family and thrilled to raise the MRI Software banner at our new Atlanta location,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “Integratec’s culture and commitment towards client personalization and flexibility are perfectly aligned to MRI’s global mission, and today we collectively bring to the commercial real estate investment community a comprehensive software suite with unprecedented capabilities.“
Dave Czabala, Integratec co-Founder and Principal, commented, “Joining MRI is the next logical step in our journey. There are natural synergies in investment and property management, including a deep focus by both organizations on servicing the affordable housing sector.” Integratec co-Founder and Principal Stan Price added, “We could not be happier to have found a long term home in MRI Software, where our valued team and products can thrive for many years to come.“
The Integratec transaction is SEG’s twelfth announced transaction in the real estate software sector.