MRI Software, a global leader in real estate software solutions, has announced the acquisition of MDA Property Systems, a property management and accounting software company based in Cape Town.
MDA Property Systems dominates the South African real estate market, with approximately 5,000 users and 70% of South Africa’s listed real estate investment trusts (REITs) using the company’s software.
With commercial and residential clients throughout Africa and the Middle East, MDA further expands MRI’s fast-growing presence in the EMEA region.
“Africa and the Middle East represent important growth markets for global investors and, therefore, are key to MRI Software’s rapid worldwide expansion,” said Patrick Ghilani, Chief Executive Officer of MRI Software.
“MDA Property Systems has a stellar reputation in these markets, and they’ve built an extremely loyal following for their innovative and intuitive solutions.
“MRI also has a rich legacy in the region, having served the African market for more than two decades. Uniting the strengths of both companies, we are well positioned to bring a comprehensive set of real estate software solutions to the region.”
MDA clients will benefit from increased investment and innovation into the company’s core solutions.
MRI’s multinational clients can leverage MDA’s capabilities to work more effectively in the Southern African market.
