TA Associates has agreed to invest in real estate software firm MRI Software. GI Partners, which backed the target in 2015, will keep its stake in MRI.
MRI, founded in 1971, and based in Solon, Ohio, provides software that helps commercial and multifamily property managers with leasing, finances and tenant management. The company has 3,100 clients. Shea & Co. is advising MRI and GI Partners. SunTrust Robinson Humphrey is advising TA Associates.