SOLON, Ohio, March 8, 2018 /PRNewswire/ -- MRI Software, a global leader in real estate software solutions, today announced the acquisition of HAPPY Software, a provider of innovative housing solutions and services for public housing authorities in the United States. With this acquisition, MRI's third within the public housing space in just five months, the company now serves nearly 35 percent of U.S. public housing authorities.
Based in Saratoga Springs, New York, HAPPY Software provides property management solutions to more than 465 housing agencies of every size, administering Public Housing and Housing Choice Voucher programs. HAPPY's suite of fully configurable, web-based portal solutions help housing authorities more effectively manage key functions such as applicant and waitlist tracking, tenant screening, and online payment handling.
"For two decades, HAPPY Software has built a standard for excellence culminating in today's impressive 98 percent client retention rate," said David Carner, Senior Vice President of Residential Solutions at MRI Software. "The addition of HAPPY to the MRI Software family represents another milestone in our strategy to provide world-class technology solutions to the public housing sector while further scaling our footprint in the market. We intend to continue supporting HAPPY's solution set and extend its portal offerings to our existing PHA clients, while also leveraging HAPPY's expertise to develop a next-generation, web-based platform for the public and affordable housing market."
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 major force in the U.S. public and affordable housing software markets.
"Our mission at HAPPY Software has always been to provide public housing organizations with the very best software solutions and the highest level of service," said Joe Mastrianni, Chief Executive Officer and founder of HAPPY Software. "Joining forces with MRI is a continuation of that mission, bringing a deep reserve of resources and innovation to develop feature and functionality enhancements that will even better serve the industry."
About MRI Software
MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI's comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses — from property-level management and accounting to investment modeling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI liberates real estate companies to elevate their business and gain a competitive edge. For more information, please visit mrisoftware.com.
About HAPPY Software
HAPPY Software is a rapidly growing company based in Saratoga Springs, NY that has been providing innovative housing software and services to housing agencies administering Housing and Urban Development (HUD) programs for more than 20 years. HAPPY Software has a well-established reputation for quality, easy-to-use products and friendly, attentive customer support. The company's client retention rate is at least 98 percent historically.
HAPPY Software actively supports the housing industry by sponsoring events, exhibiting and advertising with several housing associations including NAHRO, PHADA, Community Action Partnership, National Leased Housing Association and many State Housing Groups.
SOURCE MRI Software