Photo of Patrick Ghilani Ghilani: ““Traditionally, real estate has been a laggard in technology compared to some other industries.”

SOLON, OH—The saying goes that you’re known by the company you keep. In the case of MRI Software, among the oldest commercial property technology firms if not the first of its kind, the company it now keeps is among more than 100 software investments made by TA Associates over the years. The Boston-based private equity firm recently selected MRI—founded in 1971, just three years after Peter Brooke launched TA—for its initial foray into real estate software.