MRI Software’s acquisition of HAPPY Software — its third within the public housing space in just five months — means it now serves nearly 35 percent of U.S. public housing authorities.
“The addition of HAPPY to the MRI Software family represents another milestone in our strategy to provide world-class technology solutions to the public housing sector while further scaling our footprint in the market,” David Carner, Senior Vice President of Residential Solutions at MRI Software, said in a statement.
Saratoga Springs, N.Y-based HAPPY Software provides property management solutions — applicant and waitlist tracking, tenant screening, online payment handling — to more than 465 housing agencies administering Public Housing and Housing Choice Voucher programs.
HAPPY joins the previously acquired Tenmast Software and HAB, Inc., providers of PHA and private affordable housing management software that have come onboard since October 2017.
MRI’s pace of dealmaking — five deals that doubled the size of the firm — was the subject of a recent Deal of the Week. In it, CEO Patrick Ghilani talks through the deal strategy that’s positioned MRI as a leader in real estate technology.