Global PropTech leader MRI Software has entered into an agreement to acquire New Zealand-based PropertySuite, an innovative, cloud-based PropTech solution that integrates relationship management, print and digital media and marketing management, and transaction and financial management into one platform for real estate agencies.

Nearly two decades since its founding, PropertySuite's single, comprehensive platform is now used by more than 4,000 residential, commercial, rural and project marketing real estate professionals across Australasia to consolidate disparate systems, reduce duplicative efforts, and automate manual processes. The company's long cultivated client base includes some of New Zealand's largest and most well-established agencies.

MRI also acquired Palace and WhosOnLocation, leading providers of New Zealand property management and workplace management solutions respectively, in March of last year. This announcement further demonstrates the company's ongoing commitment to delivering tailored solutions and increasing value for clients of all sizes in the growing market.

Palace and PropertySuite clients will immediately benefit from the existing integration. The acquisition is expected to be finalized later this month.