Jones Lang LaSalle Selects Intuit MRI Real Estate Solutions for Its Operations in Hong Kong

gement Firm and Premier Real Estate Business Software Company in Asia Pacific --

SINGAPORE--(BUSINESS WIRE)--Feb. 2, 2004-- MRI Real Estate Solutions, a business unit of Intuit Inc. (Nasdaq:INTU - News), today announced that Jones Lang LaSalle has selected MRI Commercial 2.1.2 for its Hong Kong operations. As the foundation business management solution for Jones Lang LaSalle's operations in Singapore, Tokyo and Korea, this agreement underscores the value MRI provides to the world's leading real estate management firm by streamlining its business operations, increasing operational efficiencies and enhancing customer service.

Representative of Intuit's approach to provide industry-specific solutions to its customers, MRI offers technologies and services for handling the critical business and financial operations of real estate property management. Distinct from other solutions marketed to the industry, MRI's tools are designed specifically for real estate and property management companies, and include best practices and features important to a company's day-to-day operations. Jones Lang LaSalle Hong Kong will use MRI Commercial 2.1.2 for tenancy management, accounts receivable, accounts payable, general ledger and executive management reporting.

"Jones Lang LaSalle was looking for an enterprise technology provider that understood our business environment," said James Wong, international director, head of management services, Asia. "MRI stood out from other solutions providers because its offering combines industry-specific features and services with a global presence to support our business. Also, MRI has broad experience with other Jones Lang LaSalle offices in Asia."

"MRI is committed to providing clients with world-class quality products and services," said Stephen Wilson, managing director of MRI Asia. "Extending our relationship with Jones Lang LaSalle is an exciting opportunity for us to demonstrate the power and flexibility of our solutions to meet the ever-changing business needs of our real estate and property management clients."

MRI Improves Customer Service for Global Real Estate Management
Firm

Prior to this agreement, Jones Lang LaSalle Hong Kong relied on a patchwork of systems and software solutions to handle operational functions. MRI offers a single, integrated system that provides Jones Lang LaSalle associates real-time access to their business data and is accessible from almost anywhere at anytime using the latest software technology available. MRI's advanced reporting and analytical tools, combined with real-time data access, enable Jones Lang LaSalle to improve forecasting and budgeting as well as enhance customer service. Also, the flexible design of the MRI solution will have positive implications for customer service because it helps eliminate the trade-offs multinational companies like Jones Lang LaSalle often have to make between local business needs and corporate policies. MRI can be customized to account for the regional business requirements but still comply with the company's international standards and best practices. Additionally, Jones Lang LaSalle will benefit from the dedicated team of real estate experts, with over 30 years experience, who are focused on providing tailored solutions for clients in Asia.

About Jones Lang LaSalle

Jones Lang LaSalle is the world's leading real estate services and investment management firm, operating across more than 100 markets around the globe. The company provides comprehensive integrated expertise, including management services, implementation services and investment management services on a local, regional and global level to owners, occupiers and investors. Jones Lang LaSalle is also the industry leader in property and corporate facility management services, with a portfolio of approximately 735 million square feet (68 million square meters) under management worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse real estate investment management firms, with approximately US$21 billion of assets under management. For more information, visit www.joneslanglasalle.com

Jones Lang LaSalle has over 45 years of experience in Asia Pacific. The company has an established presence in the Asia Pacific region with operations in 24 markets and a total staff strength of over 1800.

About Intuit Inc.

Intuit Inc. (Nasdaq: INTU - News) is a leading provider of business and financial management solutions for small and mid-sized businesses, consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

Founded in 1983, Intuit had annual revenue of more than $1.6 billion in its fiscal year 2003. The company has nearly 7,000 employees with major offices in 13 states across the U.S. and offices in Canada and the United Kingdom. More information can be found at www.intuit.com

About MRI Real Estate Solutions

The MRI Real Estate Solutions business unit is operated by Management Reports, Inc., a wholly owned subsidiary of Intuit Inc. MRI develops innovative business management solutions for the global property management industry. MRI offerings adapt to the unique needs of their clients, creating profound value for their businesses. Serving all facets of real estate and asset management, MRI solutions help manage businesses more effectively with their robust functionality, intuitive workflow technologies and ease of use. Founded in 1971 and acquired by Intuit Inc. in 2002, MRI is the industry's most experienced and largest ASP offering IT outsourcing and application hosting. MRI strives to develop long-term successful partnerships with their clients, and supports more than 4,500 software installations on five continents and in 38 countries. For more information visit www.realestate.intuit.com.

Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and in other countries. MRI is trademark and/or service mark of Intuit Inc. in the United States and in other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.

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Contact:
Intuit, Inc.
Kristin Wahl, 650-944-3880
Kristin_Wahl@Intuit.com
or
MRI Real Estate Solutions
Rebecca Rodgers-Kline, 216-825-6593
Rebecca_RodgersKline@Intuit.com

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Source: Intuit, Inc.

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