MRI Software acquires AI real estate firm LEVERTON

Legal | Mergers & Acquisitions | Property & Construction | South East | Technology

MRI Software, a global real estate software solutions provider, has announced that it has acquired LEVERTON, an artificial intelligence (AI)-powered data extraction solution firm for real estate and corporate documents.

The acquisition bolsters MRI’s comprehensive and flexible offering and gives property owners, service providers, and corporate occupiers broader access to LEVERTON’s automated lease abstraction application. With LEVERTON, organisations are able to more quickly and efficiently turn unstructured information in leases and other corporate and legal documents into data sets that can be mined for actionable insights, leading to better business decisions and improved operational efficiencies.

“The acquisition of LEVERTON brings a true innovator and global PropTech leader into the MRI family, with expertise in the application of AI to real estate data collection, management, and analytics,” says Patrick Ghilani, MRI’s Chief Executive Officer.

“Going forward, we will incorporate AI-driven ‘LEVERTON intelligence’ into the very fabric of MRI’s DNA, enhancing our singular customer experience by enabling clients throughout the world to tap into data across the MRI ecosystem. The result: smarter business solutions that generate fresh and powerful insights.”

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