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MRI Software, a global leader in real estate solutions and services, today announced the acquisition of Proptech Labs, a market-leading software provider dedicated to simplifying operations for property professionals.
Proptech Labs’ capabilities will be integrated into MRI Property Tree and MRI Palace, the company’s primary property management platforms.
Complementing MRI’s flagship property management solutions, the integration will add expert functionality and boost automation in maintenance, invoicing, key management, inspection management and AI-driven automation.
The acquisition builds on the existing partnership between the two firms, which has already provided solutions for more than 2000 agencies and property managers across the region.
David Bowie, Executive Managing Director, APAC at MRI Software, said the deal would strengthen outcomes for real estate professionals across the market.
“This acquisition deepens our ability to serve the unique needs of property professionals in Australia and New Zealand,” he said.
“By combining our solutions, we’re not only transforming the way agencies manage properties, we’re leapfrogging current market capabilities and setting a new benchmark for intelligent, end-to-end property management.
Working together under one roof will accelerate our innovation to deliver a fully integrated suite of solutions with AI-enabled capabilities embedded directly into our clients’ core workflows.”
Proptech Labs said it would continue to maintain existing integrations and serve clients without interruption.
“We’re incredibly proud to join forces with MRI Software,” said Rafael Niesten, CEO and Co-Founder of Proptech Labs.
“Our shared values, deep understanding of the property management sector, and relentless focus on innovation make this a natural fit. We’re excited to converge capabilities and expand our reach across the real estate market.”
In alignment with MRI’s open and connected strategy, Proptech Labs will continue to maintain its existing property management system integrations.
The acquisition brings together two companies with a shared vision, reinforcing the value of their combined solutions and further establishing MRI as an innovative technology leader for real estate professionals and agency owners in ANZ. Together, they deliver comprehensive, scalable, future-ready technology tailored to the region’s needs.
David Bowie underscores, “Following the acquisition, new efficiencies will be unlocked for Property Tree and Palace users by making Key Automate available as part of their subscription by December 31st 2025. This marks the beginning of a clear roadmap for further integration, ensuring our clients gain early advantages and continue to benefit from sustained innovation at scale."
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