Then, Intuit will be able to apply Mint’s innovative capabilities to millions of consumers and small business customers: “ brings a wealth of experience in creating and building innovative, easy-to-use online products,” saiys Dan Maurer, senior vice president and general manager of Intuit’s Consumer Group.Īre you wondering what will happen with the Quiken Online now that Mint is entering Intuit’s online offering? On the other side, Intuit will enhance its position in the SaaS arena: “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,” saiys Brad Smith, Intuit CEO.Īfter the transaction is complete, expected by the end of 2009, will become part of Intuit’s Consumer Group, which includes both Quicken and TurboTax products. On Mint’s side, the advantages of the acquisition (besides the 170 million dollars, of course!) are quite clear: “Joining Intuit enables us to bring our vision of helping consumers understand and do more with their money to millions of Intuit customers,” says Founder and CEO, Aaron Patzer. Providing over 1.5 million users an easy and intelligent way to manage their money, Mint is the first personal finance service in the US the service is accessible over the web, on your mobile or on your iPhone. We previously wrote about, a personal finance web based tool. TechCrunch reported yesterday that Intuit will acquire Mint for around $170 million and a press release on both companies’ websites confirms the news.
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