MRI Software announces acquisition of Jenark™ from CoreLogic
Category: #headlines  By Mateen Dalal  Date: 2020-10-31
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

MRI Software announces acquisition of Jenark™ from CoreLogic

MRI Software, one of the leading providers of innovative real estate software applications, has reportedly acquired Jenark™ property management software from CoreLogic Inc.

The acquisition of Jenark aligns with MRI Software’s existing product set for the efficient management of residential properties. It addresses the unique needs of community and homeowner associations by facilitating processes, operations, communications, transactions, administration, reporting, and accounting. The solution is presently used by hundreds of management firms and large self-managed communities, representing around half a million residential units within the United States.

Speaking on the acquisition, Patrick Ghilani, CEO of MRI Software said that the company is pleased to welcome Jenark to the family and further expand the footprint of its end-to-end, comprehensive MRI Living suite. With this strategic acquisition, the company now serves more than 16 million residential units across the world and it is looking forward to bringing the advantages of its scale and innovation to the users of Jenark, he states.

MRI Software will continue to carter and aid Jenark users without any interruption, now and into the future, Mr. Ghilani said while adding that the company will provide additional value from the range of complementary, connected MRI and partner applications Jenark users can leverage.

Meanwhile, Dickinson Wright PLLC catered as MRI Software’s legal advisor while Truist Securities catered as CoreLogic’s financial advisor for Jenark™ acquisition.

Apparently, this transaction marked MRI’s eighth acquisition of 2020 to date. On October 13, the company announced the acquisition of CheckpointID LLC, the Texas-based provider of fraud prevention technology and ID verification solutions to the multifamily industry.

For the record, the CheckpointID™ solution authenticates government-issued domestic as well as domestic IDs in real-time to safeguard against rental fraud and enhance safety in both self-guided and guided apartment tours. The solution enables leasing agents to rapidly perform checks online or in person and offers a secure and efficient alternative to the conventional paper-based process.

Source credit - https://www.mrisoftware.com/news/mri-software-acquires-jenark-from-corelogic/

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Mateen Dalal     twitter

Mateen Dalal

A qualified electronics and telecommunication engineer, Mateen Dalal embarked on his professional journey working as a quality and test engineer. Harnessing his passion for content creation however, Mateen pens down industry-rich articles for ReportsGO.com and a few o...

Read More..

More News By Mateen Dalal

China unveils plans to reinforce stringent safety standards for EVs

China unveils plans to reinforce stringent safety standards for EVs

By Mateen Dalal

This news comes amid rising incidences of battery fires and breaks failures. China will require automakers to have a 24-hour emergency response system to address major accidents. China is planning to reinforce strict safety standards for electri...

Facebook testing new option for cross-posting content to Instagram

Facebook testing new option for cross-posting content to Instagram

By Mateen Dalal

Facebook, Inc is reportedly testing an option that will allow users to cross-post their photos, videos, and other posts on their Instagram. It already has the feature to let people cross-post their Instagram content to Facebook. This upcoming featur...

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

General Motors to recoup USD 1.9 Bn from LG spent on Bolt EV recall

By Mateen Dalal

GM will recover almost all the costs from the recall of its Bolt EV models. Despite the EV battery manufacturing mishap from LG, the two companies will continue to work together. General Motors (GM) has agreed to recover around USD 1.9 billion f...