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Photo of Patrick Ghilani Ghilani: ““Traditionally, real estate has been a laggard in technology compared to some other industries.”

SOLON, OH—The saying goes that you’re known by the company you keep. In the case of MRI Software, among the oldest commercial property technology firms if not the first of its kind, the company it now keeps is among more than 100 software investments made by TA Associates over the years. The Boston-based private equity firm recently selected MRI—founded in 1971, just three years after Peter Brooke launched TA—for its initial foray into real estate software.

“Traditionally, real estate has been a laggard in technology compared to some other industries,” says Patrick Ghilani, CEO of Solon, OH-based MRI. “Here in 2017, that space is maturing with innovation, players, desire and focus from a global perspective.”

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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