MRI Software Acquires HAB, Inc., a Provider of Housing Management Software for Public Housing Authorities

Second PHA Software Acquisition This Month Demonstrates MRI's Commitment to the Affordable and Public Housing Market

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Oct 16, 2017, 10:00 ET

SOLON, Ohio, Oct. 16, 2017 /PRNewswire/ -- MRI Software, a global leader in real estate software solutions, today announced the acquisition of HAB, Inc., a provider of innovatively simple housing management software for public housing authorities (PHA). Earlier this month, MRI announced the acquisition of Tenmast Software, another provider of PHA and private affordable housing management software. Taken together, these two acquisitions squarely position MRI as one of the largest providers to this key segment of the U.S. multifamily real estate sector.

"When MRI Software decided to enter the public housing market, we wanted to do so with a formidable platform and marketshare right out of the gate," said Patrick Ghilani, Chief Executive Officer at MRI Software. "Our answer was to buy the best solutions in the market and combine them. Going forward, we will bring together the best of MRI, HAB and Tenmast to provide a world-class user experience on a web-enabled platform tailored to meet the needs of the public and affordable housing sectors."

With the acquisition of HAB, MRI Software continues to strengthen its portfolio in the affordable and public housing markets. HAB serves 210 clients across the United States, with solutions for tenant and application management, financial management, and property management, all tailored to meet the unique needs of PHAs.

"HAB excels at providing public housing authorities with powerful software that's simple to use," said David Carner, Group Vice President of Multifamily at MRI Software. "We will continue to strongly support HAB clients, while we simultaneously invest to broaden, deepen and modernize HAB's solution set."

"MRI already has a strong name in the affordable housing space, and the company's recent investments speak loudly to its commitment to serving public housing authorities," said Michael Juran, President at HAB. "Providing clients exceptional support is the primary mission at HAB, and that will continue as we join MRI, while we simultaneously focus on expanding feature and functionality enhancements that will allow us to better serve the industry."

This is MRI's fourth acquisition in the multifamily space during the past 12 months. In addition to Tenmast, MRI acquired CallMaX, an automated communications provider, and ResidentCheck, a resident screening solution.

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 HAB
HAB INC provides software and services to over 200 public housing authorities across the U.S. Software includes integrated software for tenant, applicant, landlord, unit, property and financial management of a housing agency. HAB has been providing services for over 25 years and is an industry leader in innovative software solutions to the public housing marketplace.

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

SOURCE MRI Software