Solon-based MRI Software has acquired Chicago-based MacMunnis Inc., a provider of lease administration solutions to  businesses managing complex lease portfolios.

MacMunnis offers comprehensive cloud-based software for lease administration, as well as related managed services for payment processing, financial audits and lease abstraction.

"MacMunnis is a terrific addition to the MRI @Work offering, and we are excited to welcome their experience and expertise into the family," MRI CEO Patrick Ghilani said in a statement.  "Our combined client groups will benefit from even deeper industry knowledge and a world-class services infrastructure that can help CRE leaders drive digital transformation and innovation in their organizations. Together, we look forward to helping real estate occupiers put technology at the heart of their businesses as they take on and overcome today's market challenges."  

MacMunnis' services and software expand the MRI @Work suite, broadening and deepening MRI's ability to serve the end-to-end requirements of commercial real estate occupiers and helping them reduce the time to value from their software investments.

"Being part of MRI will lead to greater scale, development and penetration of our purpose-built solutions for real estate occupiers," said Brice Weeks, principal of MacMunnis. "This new platform will be of great benefit to our clients, helping them realize greater value from their current digital investment and adopt new innovations that support their strategic business goals."