MRI Software completes acquisition of Insurent to enhance insurance offering for multifamily landlords

Jun 25, 2024•about 1 year ago

Acquiring Company

MRI Software

Acquired Company

Insurent

Singapore

New YorkProperty ManagementLendingReal Estate

Description

MRI Software has acquired Insurent, a New York City-based lease guarantor provider, to create a comprehensive insurance offering. This acquisition aims to increase occupancy and eliminate rent loss for multifamily landlords and property owners by combining MRI's resident insurance and fraud mitigation offerings with Insurent's lease guarantor services. The strategic alignment of both companies will enable the integration of Insurent's offerings into the MRI Living® suite of multifamily solutions, providing an enhanced user experience across the residential lifecycle.

Company Information

Company

MRI Software

Location

Singapore

About

MRI Software is a leading provider of real estate software solutions that transform the way communities live, work and play. MRI's comprehensive, flexible, open and connected platform empowers owners, operators and occupiers in commercial and residential property organizations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades, serving more than two million users worldwide. Through leading solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

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Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

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