London, 7th August 2024

Revo, the UK retail and leisure real estate industry forum, announces that it has partnered with MRI Software, a global leader in real estate software and services. Through the partnership, MRI will provide footfall data and analysis to support Revo’s mission of fostering collaboration and leadership among industry peers, helping guide a successful future for the sector.

“Collaborating with MRI Software marks an exciting chapter for us at Revo. With a keen focus on the reinvention of our places and spaces, we’re all about turning the buzz into actionable insights. Together with MRI Software, we aim to continue to foster an environment of innovation and informed decision-making, ensuring that our members are well-equipped to shape a prosperous built environment,” commented Michelle Buxton, Partnerships Lead and Board Member, Revo.

Innovations in property technology (PropTech) are empowering retail owners and tenants with data and analysis to support strategic decisions. MRI OnLocation offers AI-driven footfall analytics to help the sector understand customer behaviour, boost performance with actionable insights and benchmark against market trends. The technology is trusted by more than 660 retail stores and destinations across the UK.

“We are thrilled to be working with Revo as their official insights partner to enable knowledge sharing among members and help drive growth and performance. By providing retail footfall data and insight trends through MRI Onlocation, we are proactively supporting the ongoing development of the retail and leisure real estate sector,” said Jenni Matthews, Marketing and Insights Director, MRI Software.

In the last five years, the retail and leisure industry has undergone a seismic shift. With a new government in place, all eyes are on Labour to address four key areas within retail: business rates reform, retail crime, delivering economic stability, and overhauling the apprenticeship levy. The sector relies on member-led associations such as Revo to provide a forum where members can share knowledge, collaborate with peers and engage in trend debates, all of which contribute to new ideas and a prosperous future.

 -ENDS-

About MRI Software 

MRI Software is a leading provider of commercial real estate, housing, retail, and energy management software solutions that transform the way communities live, work and play. MRI’s open and connected, AI-first platform empowers agents, owners, operators and occupiers in commercial and residential property organisations to innovate in rapidly changing markets. 

In 2022, MRI Software acquired Springboard, a leading provider of insights on bricks and mortar retail activity. The company, under the MRI Software brand, continues to track and forecast footfall and deliver performance metrics across all key retail destination types at national and regional levels. This is the most comprehensive footfall data set in the UK, using the latest generation automated technology, recording over 159 million footfall counts per week at 2,790 counting points in over 660 UK retail destinations comprising of high streets, retail parks, and shopping centres. 

MRI Software has been a trailblazer in the PropTech industry for over five decades, serving more than six million users worldwide. 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 www.mrisoftware.com  

About Revo 

The dynamic change underway in the retail and leisure real estate sector and its social, societal, economic and environmental value requires dedicated UK representation. Revo provides ‘the’ forum for the industry to collaborate, self-moderate, question, develop and progress.  

Run by the members, for the members, Revo represents the entire ecosystem of skills involved in our industry’s reinvention. Members have a professional and social advantage with a network that combines seasoned experience with fresh talent, to shape the retail, leisure and placemaking sector.  

Our mission is to provoke forward-thinking debate and guidance that supports and leads the evolution of a prospering and successful built environment. We are dedicated to the dynamic exchange of innovation and best practice acting to shape and support the communities we serve. 

For more information, please visit www.revocommunity.org