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MRI Software Strengthens Position in Affordable Housing Market with Acquisition of Happy Software
Tuesday 13 March 2018

13 March 2018 - Ohio, US-based real estate software solutions provider MRI Software has acquired New York, US-based housing solutions and services provider Happy Software, serving public housing authorities to expand solutions for PHA and housing choice voucher programmes, the company said.
Terms of the transaction were not disclosed.
With this acquisition, MRI's third within the public housing space in just five months, the company now serves nearly 35% of US public housing authorities.
In October of 2017, MRI announced the acquisitions of Tenmast Software and HAB, Inc., providers of PHA and private affordable housing management software.
Taken together, MRI's three public housing acquisitions, in addition to the company's Affordable Housing Bostonpost solutions, make MRI a force in the US public and affordable housing software markets.
MRI Software is a provider of innovative real estate software applications and hosted solutions. MRI's technology platform coupled with an open and connected ecosystem meets the needs of real estate businesses--from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets.
Happy Software provides property management solutions to more than 465 housing agencies with a suite of fully configurable, web-based portal solutions to help housing authorities manage key functions such as applicant and waitlist tracking, tenant screening and online payment handling.
Date Published: 13/03/2018
Target: Happy Software
Country: USA
Sector: Construction/Real Estate
Type: Corporate acquisition
Status: Closed
Buyer: MRI Software
Terms of the deal were not disclosed