MRI Software, a global leader in real estate technology, has acquired AMTdirect, a North Carolina-based provider of lease accounting, lease administration and facilities management solutions for corporate occupiers and lessees. Clients across a wide range of industries use AMT's technology to organize and manage their lease portfolios while ensuring compliance with global lease accounting standards, such as FASB, IASB, and GASB.
"Today's businesses require technology to adapt to the changing nature of work," says Patrick Ghilani, Chief Executive Officer of MRI Software. "Commercial tenants must efficiently manage their space to provide a safe, flexible experience for employees, while also strategically managing their leases to maintain compliance with new lease accounting standards."
The acquisition further reinforces MRI's commitment to the occupier sector and increases its market presence. MRI's solutions serve the needs of all parties in a building, covering property owners, operators, and tenants. The company now serves approximately 2,000 occupier clients worldwide.
MRI will continue to support AMT users without interruption.
Kirkland & Ellis served as MRI's legal advisor. AMTdirect was an investment held by Luminate Capital Partners.