Real estate software solutions provider MRI Software has acquired ProLease, a provider of lease administration, lease accounting, lease analysis and workplace management applications.
The acquisition of ProLease will support continued growth across all geographic markets and add a sizeable install base of marquee occupier clients in North America. The ProLease solution enables corporate occupiers and lessees to address their wider workplace, maintenance, and even project management needs.
The ProLease acquisition is expected to bolster MRI's capacity to help clients manage leases for equipment such as vehicle fleets, copiers, forklifts, and industrial machinery. The acquisition encompasses all six of the ProLease's modules: real estate, equipment, lease accounting, workplace, maintenance, project, as well as ProCalc lease analysis software.
ProLease serves more than 700 clients across 40 industries, including real estate, retail, health care, government and education. Clients include 3M, Citrix, Clear Channel, Del Monte, Penske and Yale New Haven Health.
MRI's acquisition of Stamford, Connecticut-based ProLease comes on the heels of MRI acquiring LEVERTON, a leading artificial-intelligence-powered data extraction solution for leases and corporate documents.