MRI Software, a global leader in real estate software solutions, has acquired Johannesburg-based TPN Group, a registered credit bureau serving the residential, commercial, and education markets in South Africa. TPN's comprehensive solution portfolio includes verification services for credit, employment, and criminal records, as well as legislation-compliant document packs, market reports, and toolkits.
Founded in 2000, TPN serves more than 20,000 property and education clients, including landlords, property and institutional investors, property funds, brokers, managing agents, and practitioners. TPN is widely known for providing valuable data and insights to the likes of the South African Reserve Bank (SARB), major commercial banks, most of South Africa's listed Real Estate Investment Trusts (REITs), and a variety of industry bodies.
"In the face of global economic uncertainty and the financial pressures created by widespread inflation, it's more important than ever to have accurate, detailed tenant profiles to support decision-making," said Mark Fairweather, Managing Director of MRI Africa. "TPN is recognised as the most comprehensive authority on tenant behaviour in the region, and we are exceptionally excited to welcome them to the MRI family. We share many clients with TPN, and this combination will enable us to enhance the value we deliver - providing deeper insights, centralising typically disparate processes, and enabling organisational compliance. We look forward to continuing to expand our offerings in the South African market."