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$128 Million Sale of Intuit Real Estate Solutions to Close in January

Intuit Inc.’s sale of Intuit Real Estate Solutions to Vista Equity Partners, a private equity firm for $128 million in cash is expected to close Jan. 31, according to company officials.

Intuit (Nasdaq: INTU), based in Mountain View, Calif., announced in early December that it had signed a definitive agreement with Vista to sell the software provider, formerly known as Management Reports, Inc. Intuit is known for high-profile financial products such as Quicken and Turbo Tax.

Based in Highland Hills, Ohio, Intuit Real Estate Solutions is part of Intuit’s global business division and is a major provider of software and services to real estate management and investment firms. It has approximately 340 employees globally and more than 1,700 customers.