MRI Software has acquired Leverton, an artificial intelligence (AI) -powered data extraction solution for real estate and corporate documents.
The acquisition bolsters MRI’s offering and gives property owners, service providers and corporate occupiers broader access to Leverton’s market-leading automated lease abstraction application, to efficiently turn unstructured information in leases and other and legal documents into datasets that can be mined for actionable insights, leading to better business decisions and improved efficiencies.
“This acquisition brings a 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.
“We will incorporate AI-driven ‘LEVERTON intelligence’ into the fabric of MRI’s DNA, enhancing our singular customer experience by enabling clients to tap into data across the MRI ecosystem. The result: smarter business solutions that generate fresh and powerful insights.
Founded in 2012 with offices in New York, London and New Delhi, Leverton has 100 global corporate and investor clients, including JLL, Savills, RSM, Zurich Alternative Asset Management, and Danaher.