MRI Software, a US firm providing real estate software solutions, has acquired London-based Engage Property Technology.
The firm, which provides self-service online portals, is currently used by a range property organisations.
The acquisition is said to strengthen MRI鈥檚 end-to-end offering for the residential sector and furthers its aim of delivering real estate technology solutions.
Online resident portals are at the core of Engage鈥檚 offering, which includes applications for concierge, community, leaseholder, landlord and lettings requirements.
Engage, already an established partner of MRI, first integrated with the company鈥檚 Qube Property Management solution more than two years ago, and joint clients include several leading UK residential players.
The acquisition is said to enable MRI to bolster existing integrations between its back-office solutions and Engage鈥檚 online portals.
鈥淩esidents today expect the highest levels of service and to be treated less like mere renters and more like community members,鈥� says Dermot Briody, MRI鈥檚 Executive Managing Director, Europe.
鈥淭his acquisition enhances our offering to UK clients and brings additional expertise in user experience and consumer-facing apps that will benefit MRI globally.鈥�
Mitesh Patel, Engage鈥檚 Chief Executive, added: 鈥淚t will now be even easier for residential landlords and housing associations to deploy Engage portals integrated with MRI鈥檚 property management and accounting solutions, linking data from both ends and delivering more effective customer service to residents鈥�
鈥淭he nature of the UK rental market is changing, and landlords and property managers need to be able to evolve with it,鈥� Briody said.
鈥淲hat most need today is a scalable solution that meets the needs of both those just entering the Build-to-Rent market and those that already own and manage extensive multi-unit rental holdings 鈥� allowing them to build stronger relationships with tech-savvy Generation Rent, more of whom are looking to live, work and play within their communities.鈥�
The Engage acquisition follows the launch of in March, which brought together the company鈥檚 sales and lettings technology brands in the UK into one combined offering, following a series of key acquisitions.