MRI Software acquires Proptech Labs, a leading Australian property management software provider

MRI Software, a global leader in real estate solutions and services, has announced the acquisition of Melbourne-based Proptech Labs, a market-leading 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.

The strategic acquisition builds on an enduring partnership between the companies that has already delivered proven results for over 2,000 agencies and property managers across the region. The deal brings together two companies with a shared vision, reinforcing the value of their combined solutions and further establishing MRI as an innovative technology leader for real estate professionals and agency owners in Australia and New Zealand through comprehensive, scalable, future-ready technology tailored to regional needs.

“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 at 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.” Bowie added that 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.

“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.” The integration will deliver a fully integrated suite of solutions with AI-enabled capabilities embedded directly into clients’ core workflows.

In alignment with MRI’s open and connected strategy, Proptech Labs will continue to maintain its existing property management system integrations, providing choice and flexibility for clients while serving them without interruption. The acquisition marks the beginning of a clear roadmap for further integration, ensuring clients gain early advantages and continue to benefit from sustained innovation at scale across the Australian and New Zealand property management market.

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