Using patent-pending technology and proprietary algorithms, allows users to see all their financial accounts in one place, makes it easy to set and keep to budgets, and helps identify money saving ideas. ’s innovation is in applying advanced technology to deliver breakthrough ease-of-use. Launched in September 2007, has quickly grown to track nearly $200 billion in transactions and $50 billion in assets and has identified more than $300 million in potential savings for its users. More information can be found at About ( is America’s #1 online personal finance service, providing over 1.5 million users a fresh, easy and intelligent way to manage their money. The company has approximately 7,800 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. The company’s financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.įounded in 1983, Intuit had annual revenue of $3.2 billion in its fiscal year 2009. ProSeries® and Lacerte® are Intuit’s leading tax preparation offerings for professional accountants. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. is a leading provider of business and financial management solutions for small and mid-sized businesses financial institutions, including banks and credit unions consumers and accounting professionals. Intuit does not expect the acquisition to have a material effect on fiscal year 2011 earnings. Following the closing of the transaction, Intuit expects to reduce its fiscal year 2010 non-GAAP diluted earnings per share guidance by approximately 2 cents and its GAAP diluted earnings per share guidance by approximately 3 cents. The transaction is expected to close during the fourth quarter of calendar year 2009 and is subject to regulatory review and other customary closing conditions. Patzer will be responsible for online, desktop and mobile consumer personal finance offerings. Aaron Patzer, ’s founder and CEO will become GM of the Personal Finance group reporting to Dan Maurer, SVP of Intuit’s Consumer Group. This will help accelerate Intuit’s ability to create products and services that make managing money easier for all Intuit customers.Īfter the transaction is complete, will become part of Intuit’s Consumer Group, which includes both Quicken and TurboTax products. Quicken Online will connect Quicken customers across desktop, online and mobile to deliver easy, anytime-anywhere access. will become the primary online personal finance management service that is offered directly to consumers by Intuit. Intuit intends to keep both the and Quicken Online offerings, with each serving separate and equally important purposes. “’s employees are proven inventors and pioneers in developing innovative SaaS offerings with their unique ‘ways to save’ engine, data analytics and popular UI to their credit.” Intuit to Keep and Quicken Online Offerings “ brings a wealth of experience in creating and building innovative, easy-to-use online products,” said Dan Maurer, senior vice president and general manager of Intuit’s Consumer Group. Intuit intends to integrate this capability across its businesses. ’s unique ‘ways to save’ engine generates a revenue stream while keeping the product free to end users. We believe the acquisition of will also offer Intuit’s financial institution clients the ability to strengthen their online offerings and deliver more value to their customers. ’s innovative capabilities can be applied broadly to millions of Intuit consumer and small business customers. “This is a compelling combination of our innovative product, technology, and user interface design with one of the most trusted brands in software.” “Joining Intuit enables us to bring our vision of helping consumers understand and do more with their money to millions of Intuit customers,” said Founder and CEO, Aaron Patzer. “This move will enhance Intuit’s position as a leading provider of consumer SaaS offerings that connect customers across desktop, online and mobile.” “With this transaction, Intuit will gain another fast-growing consumer brand and a highly successful Software as a Service (SaaS) offering that helps people save and make money,” said Brad Smith, Intuit CEO. Privately held, based in Mountain View, Calif., has successfully used its advanced technology to provide consumers with an easy and intelligent way to manage their money. (Nasdaq: INTU) has signed a definitive agreement to purchase, a leading provider of online personal finance services in a cash transaction valued at approximately $170 million. Mountain View, Calif., Sept 14, 2009 – Intuit Inc. Intuit Tried and True Combines with Fresh and New
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