MRI Software completed the acquisition of Proptech Labs.

MRI Software, a real estate solutions and services provider, completed the acquisition of Proptech Labs, a property management software development group. Financial terms were not disclosed. “This acquisition deepens our ability to serve the unique needs of property professionals in Australia and New Zealand. By combining our solutions, we’re not only transforming the way agencies manage properties, we’re leapfrogging current market capabilities and setting a new benchmark for intelligent, end-to-end property management,” David Bowie, MRI Software Executive Managing Director, APAC.