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Cleveland, OH January 22, 2010. Vista Equity Partners (Vista), a leading software- focused private equity firm, completed the acquisition of the Intuit Real Estate Solutions business (IRES) from Intuit Inc. IRES, a software provider of property management, accounting and investment management solutions to the global real estate industry, announced today that it is changing its name to MRI Software, effective immediately. MRI Software (MRI) will operate as a stand-alone company and will continue to be based in Cleveland, Ohio.
For a complete Budgeting and Forecasting solution that also includes integrated projections functionality, look to Intuit Real Estate Solutions’ (IRES) ForeSightTM. Use ForeSight to develop meaningful projections based on historical lease and financial information. Automatically incorporate CPI increases, recoverable operating expenses, percentage rents, and real estate taxes using actual data and calculations. Globally adjust projections for inflation, market rates, downtime, tenant improvements and more.
"Budget & Forecast" is part of the Intuit Real Estate Solutions - MRI Commercial Property Management line of products, developed by Intuit.