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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.
Enterprise Ledger™ is designed to support the most sophisticated corporate consolidated and portfolio accounting requirements. This powerful solution manages all interentity ownership structures, flexibly supporting joint ventures, fund management and portfolio-level reporting. Enterprise Ledger combines with Intuit Real Estate Solutions’ (IRES) General Ledger application, extending the system into a powerful, comprehensive reporting tool that brings together financial information from all integrated systems.
"Enterprise Ledger" is part of the Intuit Real Estate Solutions - MRI Residential Property Management line of products, developed by Intuit.