MRI SOFTWARE OBTAINS TPN GROUP

MRI Software, a provider of real estate software solutions, has obtained Johannesburg-based credit bureau TPN Group as part of its expansion into the South African market.

MRI announced the acquisition on Wednesday, saying that bringing TPN on board will strengthen its capabilities in its property management and accounting software portfolio, an area where TPN has a strong presence.

“In the face of global economic uncertainty and the financial pressures created by widespread inflation, it’s more important than ever to have accurate, detailed tenant profiles to support decision-making,” says MRI Africa MD Mark Fairweather. 

“TPN is recognised as the most comprehensive authority on tenant behaviour in the region, and we are exceptionally excited to welcome them to the MRI family.

“We share many clients with TPN, and this combination will enable us to enhance the value we deliver – providing deeper insights, centralising typically disparate processes, and enabling organisational compliance.” 

While MRI has a presence in Africa and the Middle East, the company says the TPN acquisition will strengthen ties with South Africa and increase its local presence.

“Since launching TPN over 20 years ago, we’ve created an unrivalled database of tenant and education information that has helped our clients mitigate risk and optimise cash flow,” says TPN chief information officer Chris Dickens. 

“We are proud to have supported clients across South Africa by enhancing their operations while navigating both change and opportunity alike.

“Joining MRI means our clients will benefit from greater business reach and gain access to enhanced capabilities, supported by scaled organisational structure.”