Acquisition Brings Fixed Asset Accounting Capabilities to MRI’s Real Estate Clients, Expands MRI’s European Footprint and Adds More than 1,400 Clients Across a Range of Industries
September 20, 2017 - MRI Software, a global leader in real estate software solutions, today announced the acquisition of Real Asset Management (RAM), a supplier of asset management software, including asset and lease accounting, tracking, and maintenance management. Asset intensive businesses rely on RAM’s solutions to automate traditionally manual and error-prone processes and ensure compliance with accounting, tax, and financial reporting requirements. Additionally, RAM’s mobile and desktop facilities management solutions enable organisations to streamline processes, improve productivity, and reduce property management costs.
“Real estate organisations face the same challenges as other sectors around compliance and regulations related to asset management,” said Patrick Ghilani, Chief Executive Officer of MRI Software. “By acquiring Real Asset Management, with whom we’ve enjoyed a close partnership for many years, we’re able to leverage deep expertise and innovation in asset management and immediately deliver a comprehensive, integrated solution for our clients in the real estate sector, while expanding into new markets where we see a great deal of potential for further growth. This acquisition is also a key milestone in MRI’s aggressive EMEA expansion strategy.”
MRI’s existing integration with RAM will be enhanced to deliver a comprehensive fixed asset accounting solution for the real estate sector that enables MRI’s commercial, residential, and affordable clients to better manage accounting, maximise tax benefits, improve compliance, and increase the ROI of their assets.
Through the addition of RAM’s global headquarters near London, MRI significantly increases its growing UK presence and gains some 950 European clients, together with another 450 clients worldwide. Additionally, MRI is excited to expand its reach into a range of other industries, including leasing and asset management solutions for intermodal transport containers where RAM is a market leader.
“There is an enormous amount of synergy between MRI and RAM, as evidenced by the success of our long-standing partnership” said George Snelgrove, Chairman of Real Asset Management. “The RAM team will be joining a fantastic organisation with tremendous talent, insight and reach while bringing its own capabilities for serving any major industry that requires an asset or facilities management solution.”
RAM will continue to serve all of its clients without interruption and remains committed to providing and supporting solutions for all organisations, regardless of their market sector.