MANCHESTER, NH — (Marketwire) — 07/26/11 — UNIT4 CODA, Inc., a division of UNIT4 (EURONEXT AMSTERDAM: UNIT4), the world-s leading provider of business software for fast-changing organizations, today announced that STORE Capital, a new generation real estate investment trust (REIT), has selected as its financial management software.
STORE Capital was founded in 2011 by industry veterans in the REIT market, with nearly $10 billion in deployed capital over the past 20 years. “As a growing firm, we need our financial management software to work as hard as we do,” said Catherine Long, CFO of STORE Capital. “We chose Coda Financials over other industry software because its chart of accounts allows us to drill down to minute levels and is more flexible than other packages on the market. Its open architecture also allows us to integrate easily with applications we have installed throughout the organization.”
“The very nature of the REIT business is complex in its accounting tracking and reporting needs,” said Steven J. Pugh, UNIT4 CODA-s CEO. “By choosing Coda Financials, STORE Capital will have a best-of-class solution that will grow as its needs grow for years to come.”
STORE (Single Tenant Operational Real Estate) Capital is a new generation real estate investment trust designed to address the long-term capital needs of real estate-intensive operating businesses throughout the United States. Through tailored real estate lease and mortgage financing, STORE Capital aims to create customer wealth through capitalization efficiency improvements and intelligent treasury solutions. For further information, please visit .
UNIT4 CODA, Inc. is part of UNIT4, a $576 million global business software company aimed at helping dynamic organizations to embrace change simply, quickly and cost effectively. Coda Financials is our financial management software designed to integrate with industry- and company-specific applications. Coda Financials provides real-time financial visibility and control across people, processes and systems. By acting as the financial information backbone for companies with fast-changing and mixed application environments, it offers a “no compromise” approach to financial modeling, process controls and application choice. For more information on UNIT4 CODA, visit . Follow us on and .
For further information contact:
Margaret Bonilla
Birnbach Communications for UNIT4 CODA
603-548-0693
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