Intuit, Inc. (NASDAQ:INTU) has announced that it has completed its sale of Intuit Real Estate Solutions to Vista Equity Partners. Vista Equity Partners is a private equity firm with a focus on investments in software and technology enabled business. The sale is valued at $128 million.
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Intuit Real Estate Solutions is headquartered in Highland Hills, Ohio. It was part of Intuit’s global business segment, and provided software and services to real estate management and investment industry companies. Intuit will now treat its Real Estate Solutions business as a discontinued operation.
Intuit Inc. (Intuit) is a provider of business and financial management solutions. The Company operates in seven segments: Financial Management Solutions, which includes QuickBooks financial and business management software and services, technical support, and financial supplies; Employee Management Solutions, which provides payroll products and services for small businesses; Payments Solutions, which provides merchant services for small businesses, including credit and debit card processing; Consumer Tax, which includes TurboTax income tax preparation products and services for consumers and small businesses; Accounting Professionals, which includes Lacerte and ProSeries professional tax products and services; Financial Institutions, which consists of outsourced online services for banks and credit unions, and Other Businesses, which includes Quicken personal finance products and services. On July 23, 2009, the Company acquired PayCycle, Inc.
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