MRI Software Acquires eCondoSystems, a Provider of Cloud-Based Software Solutions for the Condo Development and Sales Process

Acquisition to Leverage MRI Software's Sales and Marketing Channels and Multifamily Management Expertise to Maximize eCondoSystems' Reach

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MRI Software

Oct 17, 2017, 10:00 ET

SOLON, Ohio, Oct. 17, 2017 /PRNewswire/ -- MRI Software, a global leader in real estate software solutions, today announced the acquisition of eCondoSystems (eCS), a provider of cloud-based software solutions for the condominium development and sales sector.

eCondoSystems provides condo developers a comprehensive web-based application that reduces cost and human error while tracking all aspects of a development project and providing tools for sales management, including inventory control, contract administration, real-time reporting, and an integrated Customer Relationship Management (CRM) functionality. Built specifically for condominium developers' needs, eCS has more than 25,000 users who manage more than $30 billion in active inventory.

"The large and growing condominium market is currently underserved by real estate software solutions," said Brian Zrimsek, Multifamily Industry Principal at MRI Software. "eCondoSystems is the industry's best kept secret and a natural extension of MRI's multifamily business. Coupling what we believe is the best condo development and sales solution available with MRI's property management, automated communications, and screening solutions creates a true end-to-end offering for the condo market. We look forward to leveraging our brand and established sales and marketing channels to bring eCondoSystems' solutions to the global real estate industry."

eCondoSystems is MRI Software's fourth acquisition in the multifamily space in the last 12 months, following CallMaX, ResidentCheck, and Tenmast Software and HAB, Inc. This latest acquisition continues to reinforce MRI's commitment to the multifamily industry.

About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses—from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.

About eCondoSystems
eCondoSystems is the premier developer of cloud-based software specifically tailored for the multi-family condo industry. Over the past 15 years, our comprehensive and customizable application has helped countless projects streamline their business and better manage the sales, inventory control, contract administration and closing processes. eCondoSystems provides a turn-key dashboard driven software package delivered through the Cloud to serve the needs of condo developers (and their sales teams) in the development and sale of condo units. These tools include integrated CRM, automated marketing, prospect-to-client conversion analysis, automatic contract assembly and contract administration, as well as inventory control, accounting, reporting, and more. Learn more at econdosystems.com.

CONTACT: Jeff Miller, [email protected], 541-207-3461

SOURCE MRI Software