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MRI Software buys TPN Group

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Real estate software solutions group MRI Software has acquired Johannesburg-based credit bureau TPN Group, as it expands its offering in the South African market.

Announcing the acquisition on Wednesday, MRI says in a statement that bringing TPN in will strengthen its capabilities in its property management and accounting software portfolio, an area where TPN is well-established.

Founded in 2000, TPN has built an extensive clientele in the property and education sectors. The company’s portfolio includes verification services for credit, employment and criminal records, as well as legislation-compliant document packs, market reports, and toolkits.

TPN’s clients have included the South African Reserve Bank (Sarb), major commercial banks, and many listed real estate investment trusts (Reits) in the country.

Value of quality tenant information

“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.” 

Stronger ties

While US-based MRI has a presence in Africa and the Middle East, it says its TPN acquisition will strengthen its ties with South Africa, enhancing 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.”

Read:
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TPN’s Michelle Dickens resigns with immediate effect

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