MRI Software Announces Proposal to Take Private of Singapore-based Anacle
Proposal will expand MRI's presence in the Asia-Pacific real estate technology market and create future
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Co-funded offer will provide eligible agencies with complimentary access to an expanded suite of property management technology, along with onboarding and enablement support.
SYDNEY, Sept. 29, 2026 /PRNewswire/ -- MRI Software today announced a targeted offer giving a select cohort of eligible CommBank and MRI Property Tree clients in Australia the chance to receive access to an expanded Pro AI bundle subscription designed to optimise day‑to‑day property management, improve productivity and support business growth. The offer is available for a limited time and at no additional cost, and remains open until 30 June 2027, subject to funding availability.
The offer combines financial investment from CommBank with subscription waivers and onboarding, enablement and activation support from MRI to provide participating agencies with a complimentary 12-month upgrade to the Property Tree Pro AI Bundle.
Built around MRI Property Tree, MRI's property management software for residential agencies in Australia, the bundle brings together tools spanning maintenance, invoicing, inspections, business insights and tenant support. Participating agencies will have access to:
Together, these capabilities can help agencies reduce administrative work across core property management processes, improve visibility into their operations and give their teams more time to focus on clients, tenants and business growth.
"We know that adopting new technology can be challenging for businesses, particularly in a rapidly evolving space like AI," said Kerryn Saward, CommBank Executive General Manager, Specialist Sales and Client Solutions.
"By focusing this investment on a targeted group of property management agencies, we're helping demonstrate how AI can deliver immediate and practical benefits, from reducing manual work to improving business performance."
David Bowie, Executive Managing Director APAC, MRI Software, said the initiative reflects a shared commitment to helping property management agencies get more from the technology they use every day.
"Property managers have an enormous number of responsibilities competing for their time, from maintenance and inspections to invoicing, communication and business performance," said Bowie. "Together with CommBank, we're giving participating agencies access to a broader set of AI-powered tools that can take some of that administrative work off their teams and help them operate more efficiently. Ultimately, it's about giving property managers more time to focus on their customers, tenants and growing their businesses."
Participating clients will also receive onboarding, enablement and activation support throughout the 12-month offer to help them integrate the technology into their day-to-day operations and realise tangible business and productivity benefits.
The initiative builds on the strategic relationship between CommBank and MRI Software, including the Smart Real Estate Payments solution, which integrates digital payment capabilities directly into property management workflows to help agencies streamline operations and improve accuracy.
About MRI Software
MRI Software is a leading provider of real estate solutions and industry data that transform the way communities live, work and play. MRI's connected, intelligent platform empowers owners, operators, agents and occupiers in commercial and residential property organisations to stay ahead in rapidly changing markets. A trailblazer in the Proptech industry, MRI serves more than six million users worldwide, including the social and affordable housing sector. Through innovative solutions and a rich partner ecosystem, MRI gives real estate companies the freedom to realise their vision of building thriving communities and stronger businesses. For more information, please visit https://www.mrisoftware.com.
Offer T&Cs
This offer is available to select eligible CommBank and MRI Software clients who hold an active MRI Property Tree subscription during the offer period. Eligible clients will receive a complimentary upgrade to the MRI Property Tree Pro AI bundle for a 12-month period from the date MRI confirms the upgrade. The offer covers the difference between the client's current MRI Property Tree subscription fee and the Pro AI bundle upgrade fee only; it does not cover the client's existing subscription fees to MRI Property Tree or other MRI subscriptions. MRI will also waive any applicable onboarding and activation fees associated with the upgrade during the 12 months. Subscriptions will be automatically renewed at the end of the 12-month period at the full cost of the MRI Property Tree Pro AI bundle applicable fees. Clients are able to opt-out of automatic renewal with written request as outlined in the client's current terms and conditions.
The client's existing MRI Property Tree subscription will continue in accordance with their existing agreement.
Accessing the Offer
MRI sales representatives may contact eligible clients regarding access to this limited-time offer, available until 30 June 2027 subject to funding availability.
CommBank does not issue, manage or administer the MRI platform or MRI subscriptions. This offer is subject to eligibility, availability, change or withdrawal, and MRI's terms and conditions, available at https://www.mrisoftware.com/au/
Media Contact
Ryan Short
Director of Marketing, MRI Software (APAC)
[email protected]