MRI Software Acquires PropTech Services Leader Loci Solutions

Acquisition strengthens implementation expertise and adds outsourced services to commercial PropTech offerings in APAC

SYDNEY,July 17,2023 -- MRI Softwarehas acquired Loci Solutions Group Pty Limited,an Australian property technology consulting and outsourced managed services company serving commercial,industrial,and retail property markets across Asia Pacific.

Loci co-founder Nikki Steadman now appointed as Head of MRI Commercial Professional Services and Support,Asia Pacific

Loci Solutions is well-known as an MRI Certified Partner specialising in the implementation of property management systems (PMS) for property developers,managers,and owners/investors. It also provides value-add outsourced accounting and lease administration services,as well as concierge support.

David Bowie,Senior Vice President and Managing Director for MRI Software in Asia Pacific,said,"I'm excited to officially welcome Nikki,Gwen,and the rest of the Loci team to MRI. This acquisition strengthens our MRI @Work™ capabilities and enables us to scale and better support our commercial clients in their business growth. We're particularly excited to add Loci's outsourced lease administration services to our portfolio,helping clients automate manual tasks,reduce costs,and accelerate time to value."

"Loci has been one of our key partners for over 15 years,serving as our primary implementation partner for Property Management X (PMX) in APAC for most of this time. As we integrate Loci's capabilities into our solution suite,our clients will have a more consistent experience and further benefit from our combined PropTech expertise," he said.

Loci co-founder to lead MRI @Work Professional Services and Support

Loci CEO and co-founder,Nikki Steadman,will lead the APAC MRI @Work Professional Services and Support team,which supports some of Australia's largest and most complex commercial real estate portfolios.

Speaking in her new capacity as Head of MRI Professional Services and Support for MRI @Work,Asia Pacific,Ms. Steadman says,"We've felt like an extension of the MRI family for the last 15 years,and it's an honour to be formalising our relationship. Creating a united team like this allows an even more integrated approach for our commercial clients. I am really excited about the depth and breadth of service and product we're able to offer together. It's my privilege to now lead the unified team as we work from beginning to end in a client's journey and success."

Mr. Bowie says,"Rest assured,MRI remains committed to our core value of providing clients the ability to choose the service providers that best meet their business needs. We look forward to continuing to grow and enable our managed services and consulting partner ecosystem to meet client demands and deliver world class services with a sole focus of client success."

The financial terms of the deal are confidential.

About MRI Software

MRI Software is a leading provider of real estate software solutions that transform the way communities live,work and play. MRI's open and connected,AI-first platform empowers owners,operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. MRI has been a trailblazer in the PropTech industry for over five decades,serving more than six million users worldwide. Through innovative solutions and a rich partner ecosystem,MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information,please visitmrisoftware.com/au.

Media contact

To arrange an interview or photography,or request more information,please contact:

Heather Jones,Asia Pacific Media Relations for MRI Software

+61 400 394 669 | heather@hjconsulting.com.au

Photo - http://cusmail.com/res/2023/07-25/16/45b0ab3f8ffbf1c71de622fd4f770d4b.jpg