As part of a strategic global growth plan, MRI Software has revealed the addition of a New Zealand property management solution to its suite of offerings.
MRI Software has acquired residential property management solution provider Palace.
According to a statement from MRI, the acquisition “extends MRI’s offering and market presence in New Zealand while giving Palace and its clients access to the innovation, scale and partnerships of a well-established industry leader”.
David Bowie, MRI Software’s senior vice-president and managing director, Asia-Pacific, said that “bringing Palace into the MRI fold enhances our ability to serve the New Zealand market by empowering property managers and agencies with solutions that help them keep pace with local reporting and compliance requirements, including the Healthy Homes Standards”.
Palace provides services to more than 700 clients, who collectively manage more than 150,000 properties, with property managers and agents using the services to continue being supported, without interruption, MRI reported.
MRI has also flagged Palace’s partner program as now able to offer expanded flexibility and choice for MRI clients in the region.
Palace CEO Michael Abbott considers the two solution providers to be “a great fit”.
“Both companies are firmly committed to an open and connected approach that gives clients the flexibility to integrate the solutions that work best for their business,” he commented.
“The deal strengthens MRI’s local expertise, while Palace and its clients gain access to additional property and workplace solutions as well as administrative and financial tools for managing wider property portfolios.”
It comes after MRI’s recent acquisition of Wellington’s WhosOnLocation, and the August 2019 acquisition of Australian property management player Rockend.