CLEVELAND, OH - 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 acquired Bostonpost Technology. Through this acquisition, MRI expands its portfolio of market-leading offerings in property management and accounting by adding a best-of-breed solution in the affordable housing space.
Bostonpost is a leading software-as-a-service (SaaS) provider of affordable housing property management software designed to optimize compliance within the complex environment of funding programs and regulations, and to help property owners and managers reduce administrative overhead and costs associated with compliance. Its flagship product, Bostonpost Property Manager, enables real-time access to all property, tenant, compliance, financial, and maintenance information with an easy-to-use, SaaS application that supports all affordable housing programs, including HUD, USDA, DHCR, public housing programs and low income housing tax credits.
“I am pleased to welcome Bostonpost and its valued customers to the MRI Software family,” said David Post, Chief Executive Officer of MRI Software. “This acquisition will significantly expand MRI’s multifamily offerings through the addition of a robust, affordable housing solution that clients can use to diversify their portfolios and expand into new funding programs.”
The new, combined entity boasts over 50 years of experience in property management and accounting software and will provide both sets of customers with many advantages. As a leader in affordable housing software, Bostonpost possesses deep knowledge of the issues and challenges facing organizations with affordable housing units in their property portfolios. Its offerings will enable MRI’s multifamily clients to manage more complex affordable housing implementations. As a part of a leading software provider, Bostonpost’s clients will now be able to take advantage of an expanded set of software products and related services. Additionally, MRI Software has extensive experience with the SaaS delivery model to which Bostonpost customers have become accustomed.
Mike Desmond, Chief Operations Officer of Bostonpost Technology, commented, “Becoming part of MRI Software is the right next stage in the evolution of Bostonpost.” He added, “Bostonpost clients will benefit from MRI’s investments and experience in professional services and client support, as well as its high-touch approach to account management.“
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 global multifamily and commercial property 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.
Bostonpost Technology provides hosted software and services to property management firms managing affordable housing subsidized by HUD, USDA and other Public Housing programs or developed with financing from Low Income Housing Tax Credits.