MRI Software announced the acquisition of Melbourne-based Proptech Labs, a software provider dedicated to simplifying operations for property professionals in Australia and New Zealand. The integration of Proptech Labs’s specialized capabilities will complement MRI Property Tree and MRI Palace – the company’s flagship property management solutions in the region – adding expert functionality for advanced maintenance, invoicing, key management, inspection management, and AI-driven automation.
“This acquisition deepens our ability to serve the unique needs of property professionals in Australia and New Zealand,” said David Bowie, executive managing director, APAC, MRI Software. “By combining our solutions, we’re not only transforming the way agencies manage properties, we’re leapfrogging current market capabilities and setting a new benchmark for intelligent, end-to-end property management.”
This strategic move builds on the longstanding partnership between MRI and Proptech Labs that serves over 2,000 agencies and property managers in the region.
“Working together under one roof will accelerate our innovation to deliver a fully integrated suite of solutions with AI-enabled capabilities embedded directly into our clients’ core workflows,” continued Bowie. “Following the acquisition, new efficiencies will be unlocked for Property Tree and Palace users by making Key Automate available as part of their subscription by December 31, 2025. This marks the beginning of a clear roadmap for further integration.”
Proptech Labs will continue to maintain its existing property management system integrations, providing choice and flexibility for clients. Proptech Labs will continue to serve its clients without interruption.
“We’re incredibly proud to join forces with MRI Software,” said Rafael Niesten, CEO and co-founder of Proptech Labs. “Our shared values, deep understanding of the property management sector, and relentless focus on innovation make this a natural fit. We’re excited to converge capabilities and expand our reach across the real estate market.”
