MRI Software Announces Workspeed Merger

MRI Expands Offering Portfolio with the Leading Facilities and Building Management Vendor

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MRI’s established history as a best-of-breed solution provider with global reach will bring Workspeed’s market-leading innovations in building operations and facilities management to the next level.

Cleveland, OH (PRWEB) June 27, 2011

MRI Software LLC, a leading developer of innovative real estate management and investment software solutions for the global real estate industry, announced today that it has merged the operations of Workspeed Management, LLC into its own. This strategic transaction expands MRI’s existing market-leading offerings in property management and accounting by adding a best-of-breed solution in the building and facilities management space.

Workspeed is the leading software-as-a-service (SaaS) provider of real estate management software solutions designed to optimize building operations and promote sustainability. The patented Workspeed solution suite delivers significant process improvements by combining the benefits of workflow automation, collaboration, and wireless communication to manage service requests, mobile work orders, preventive maintenance, and building security. More than 250,000 users in over 500 million square feet of commercial and multifamily properties leverage Workspeed’s wide range of solutions.

“We are pleased to welcome Workspeed and its valued customers to the MRI Software family”, said David Post, Chief Executive Officer of MRI Software. “In today’s environment, real estate investors and operators are constantly looking for ways to drive additional revenue and reduce costs. The addition of Workspeed will enable MRI to provide the real estate industry with an integrated solution that connects the operations of facilities and buildings with property accounting and financial data to enable better business decisions and customer service.”

With 4,500 installations spanning 41 countries, MRI Software offers innovative investment and property management solutions to the global real estate industry. MRI provides the most flexible accounting and property management solutions in the market, enabling it to address the needs of both regional property owners and multi-national real estate investors. Whether through its SaaS delivery model or on-premise installations, MRI Software seeks to develop long-term, successful relationships with its clients.

Derrick Chen, Chief Executive Officer of Workspeed, said, “Becoming part of MRI is the next logical step for Workspeed. MRI’s established history as a best-of-breed solution provider with global reach will bring Workspeed’s market-leading innovations in building operations and facilities management to the next level.”

The new relationship provides customers with many benefits, including:

  •     An enhanced ability to link facility and property level data back to core accounting functions
  •     A proven multitenant SaaS platform with mobile and tablet capabilities
  •     Deep domain expertise in facilities management and building operations
  •     Significant additional resources for R&D, services, support, & account management
  •     An expanded set of solutions that can address the needs of both commercial and multifamily customers
  •     More than 50 combined years of industry experience.

The integration of Workspeed operations into MRI Software is expected to be completed during the second half of 2011, and support for Workspeed and MRI Software products continues without interruption.

About MRI Software LLC

MRI offers business management software solutions to the global property management and investment industries as well as to corporate real estate managers. As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the multifamily, commercial, and investment advisor industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios. MRI leverages its 40 years in business to develop long-term successful relationships with its clients. For more information, please visit http://www.mrisoftware.com.

About Workspeed Management, LLC

Workspeed is the leading provider of real estate management software solutions designed to optimize operations and to promote sustainability. The patented Workspeed solution enables property owners and managers, building staff, facility professionals, vendors and tenants to collaborate efficiently on a single, flexible and intuitive rule-based platform. Over 250,000 users in over 500 million square feet of commercial and residential properties leverage Workspeed’s wide range of solutions. For more information, please visit http://www.workspeed.com.

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