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2024-03-30 05:45:19

Intuit

American multinational business software company
American multinational business software company
Intuit, based in Mountain View, California, offers financial software like TurboTax, Mint, QuickBooks, Credit Karma, and Mailchimp. The company faced controversies regarding TurboTax Free File and lobbied against free pre-filled tax forms.
1983-01
Intuit Co-Founded by Scott Cook
In 1983, Scott Cook, along with Tom Proulx, co-founded Intuit with the vision of creating user-friendly financial software. Cook's emphasis on design and customer-centric innovation led to the development of Quicken, a market leader in personal finance software.
1983-03
Intuit begins operations
In March 1983, Intuit started its operations.
1984-03
Intuit incorporated in California
In March 1984, Intuit was officially incorporated in California.
1985
Financial Struggles of Scott Cook
In 1985, Scott Cook, co-founder of Intuit, faced severe financial difficulties with over $300,000 in debt. Despite the challenges, he remained optimistic and determined to succeed.
1986
Shift in Marketing Strategy for Quicken
In 1986, Scott Cook and his partner made a pivotal decision to change their marketing strategy for Quicken. They transitioned from selling through banks to direct customer advertisements, which proved to be successful.
1988
Emphasis on Customer Service at Intuit
In 1988, Scott Cook emphasized the importance of customer service at Intuit, aiming to improve it to the extent that customers would advocate for Quicken and other Intuit products.
1990
Intuit Raises Outside Funds
In 1990, Scott Cook decided to raise outside funds to scale Intuit. He approached Kleiner Perkins through John Doerr, who promised not to interfere with Intuit's product strategies. This decision marked a significant milestone in the company's growth.
1991
Intuit Triumphs Over Microsoft Money
In 1991, Intuit faced a major challenge when Microsoft introduced its competitor, Microsoft Money, to Quicken. Through rapid development and aggressive marketing, Intuit's Quicken emerged victorious, solidifying its position in the market.
1992-07-20
Scott Cook: Intuit Co-Founder Got up to Speed at USC Ski Club
Michael Krey's piece in Business Journal-San Jose highlighting Scott Cook, the co-founder of Intuit, and his involvement with the USC Ski Club.
1993-03-12
Intuit's Initial Public Offering
Intuit became a publicly traded company for the first time on March 12, 1993.
1994-01
Bill Campbell Becomes CEO of Intuit
From 1994 to 1998, Bill Campbell served as the CEO of Intuit, bringing his unique leadership style and emphasis on team building and personal growth to the company. His impact extended beyond Intuit, influencing technology leaders like Steve Jobs and Google's founders.
1995-01-06
Executive of the Year: After Bringing Bill Gates to His Knees, Scott Cook Plans to Revolutionize the Finance Industries
Daniel S. Levine's article in San Francisco Business Times naming Scott Cook as the Executive of the Year and discussing his plans to revolutionize the finance industries.
1995-06-05
Welcome Back to the Jungle, Intuit
An article in Business Week welcoming Intuit back and possibly referencing a challenging or competitive environment in the business world.
1995-08-21
Intuit's Two-for-One Stock Split
Intuit implemented a two-for-one stock split on August 21, 1995, increasing the number of shares available to shareholders.
1996
Challenges in Software Market
In 1996, Intuit faced challenges in the software market as overall sales of packaged software were declining. The company's software sales were also affected by a saturated market and the increasing presence of the Internet.
1997-08
Workforce Reduction at Intuit
In mid-1997, Intuit was forced to eliminate nearly ten percent of its workforce due to financial difficulties. The company had incurred significant net losses in the previous fiscal years.
1999-03-02
Intuit acquires Computing Resources Inc.
On March 2, 1999, Intuit acquired Computing Resources Inc. of Reno, Nevada for approximately $200 million. This acquisition allowed Intuit to offer a payroll processing platform through its QuickBooks software program.
1999-09-24
Intuit CEO Bill Harris Resigns; Bill Campbell to Be Interim Chief
Kara Swisher's report in Wall Street Journal about the resignation of Intuit's CEO Bill Harris and the appointment of Bill Campbell as the interim chief.
1999-09-30
Intuit's Three-for-One Stock Split
Intuit conducted a three-for-one stock split on September 30, 1999, adjusting the share price and number of outstanding shares.
1999-11-15
Mountain View, Calif.-Based Firm Plans Full-Service Financial Web Site
Monua Janah's article in San Jose Mercury News about a firm based in Mountain View planning to launch a full-service financial website.
2000-01
Steve Bennett's Leadership at Intuit
Steve Bennett's tenure as CEO of Intuit from 2000 to 2007 was marked by a transformative leadership approach focused on driving performance through strategic initiatives and process improvements.
2001
Intuit Inc
Intuit Inc is a technology company specializing in personal finance, accounting software, tax return software, and email marketing. It helps businesses connect better with consumers.
2002-05
Release of QuickBooks Enterprise Solutions
In May 2002, QuickBooks Enterprise Solutions was released, targeting medium-sized enterprises and expanding Intuit's market reach.
2003
Acquisition of Innovative Merchant Solutions (IMS)
In 2003, Intuit acquired Innovative Merchant Solutions, a company providing merchant services nationwide. This acquisition allowed Intuit to process credit cards through QuickBooks without the need for hardware leasing.
2005-11
Acquisition of MyCorporation.com
In November 2005, Intuit acquired MyCorporation.com, an online business document filing service, for $20 million. The acquisition was from the original founders Philip and Nellie Akalp.
2006-06-21
Intuit's Second Two-for-One Stock Split
Intuit executed another two-for-one stock split on June 21, 2006, aiming to make shares more affordable and increase liquidity.
2007-08-17
Sale of Eclipse ERP to Activant
On August 17, 2007, Intuit sold Eclipse ERP to Activant for $100.5 million in cash. This sale allowed Intuit to focus on its core products and services.
2008-01
Brad Smith's Innovation at Intuit
Brad Smith's leadership as CEO of Intuit from 2008 to 2018 was characterized by a focus on innovation, customer-centricity, and fostering a positive workplace culture, leading to significant growth and transformation for the company.
2008-12
Acquisition of Entellium
In December 2008, Intuit acquired Entellium, a bankrupt software company that developed customer relationship management software. This acquisition expanded Intuit's software offerings.
2009-06-02
Agreement to Purchase PayCycle Inc.
On June 2, 2009, Intuit announced the agreement to purchase PayCycle Inc., an online payroll services provider, for approximately $170 million. This acquisition enhanced Intuit's payroll service offerings.
2009-09-14
Acquisition of Mint.com
On September 14, 2009, Intuit agreed to acquire Mint.com, a free online personal finance service, for $170 million. This acquisition strengthened Intuit's online financial management tools.
2010-01-15
Intuit Inc. spun off Intuit Real Estate Solutions as MRI Software
On January 15, 2010, Intuit Inc. separated Intuit Real Estate Solutions to form a new company known as MRI Software.
2010-05-21
Intuit acquired MedFusion
On May 21, 2010, Intuit purchased MedFusion, a leader in Patient to Provider communications based in Cary, NC, for around $91 million.
2010-08-10
Intuit acquired Cha-Ching app
On August 10, 2010, Intuit acquired the personal finance management app Cha-Ching.
2011-06-28
Intuit acquired Web banking technology assets of Mobile Money Ventures
On June 28, 2011, Intuit acquired the Web banking technology assets of Mobile Money Ventures, positioning itself as a major online and mobile technology provider to financial institutions.
2012-05-18
Intuit acquired Demandforce
On May 18, 2012, Intuit acquired Demandforce, a provider of automated small business marketing and customer communications SaaS, for approximately $423.5 million.
2012-08-15
Intuit announced the sale of 'Grow Your Business' unit to Endurance International
On August 15, 2012, Intuit announced the sale of their 'Grow Your Business' unit, including Intuit Websites and Weblistings products, to Endurance International.
2013-03-26
Intuit lobbying against return-free filing
On March 26, 2013, ProPublica reported that Intuit lobbied against return-free filing as recently as 2011, indicating their efforts to prevent the implementation of simplified tax filing processes.
2013-07-01
Intuit announced the sale of Intuit Financial Services to Thoma Bravo
On July 1, 2013, Intuit announced the sale of their Intuit Financial Services business unit to Thoma Bravo for over $1.03 billion.
2013-08-19
Intuit sold Intuit Health business unit back to MedFusion's founder
On August 19, 2013, Intuit sold their Intuit Health business unit, formerly known as MedFusion, back to MedFusion's founder, Steve Malik.
2013-10-23
Intuit Inc. acquisition of Level Up Analytics
On October 23, 2013, Intuit Inc. acquired Level Up Analytics, a data consulting firm.
2013-10-30
Intuit Inc. acquisition of Full Slate
On October 30, 2013, Intuit Inc. acquired Full Slate, a developer of appointment scheduling software for small businesses.
2014-05
Intuit Inc. acquisition of Check
In May 2014, Intuit Inc. acquired Check for approximately $360 million to offer bill pay across small business and personal finance products.
2014-12
Intuit Inc. acquisition of Acrede
In December 2014, Intuit Inc. acquired Acrede, a UK-based provider of global, cross-border and cloud-based payroll services.
2015-03
Intuit Fraudulent Returns Allegations
In March 2015, The Washington Post and computer reporter Brian Krebs reported that two former employees accused Intuit of allowing fraudulent returns on a large scale for revenue purposes. The former security team members claimed that Intuit ignored warnings and suggestions to prevent fraud.
2016-03-03
Intuit Inc. plans to sell Quicken
On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital.
2016-03-08
Intuit Inc. plans to sell Quickbase
On March 8, 2016, Intuit announced plans to sell Quickbase to private equity firm Welsh, Carson, Anderson & Stowe.
2017-05-01
Intuit Inc. announcement of selling TruPay
On May 1, 2017, Intuit announced it was selling TruPay.
2017-10-22
Intuit's QuickBooks Online Self-Employed Integrates with Stripe
Intuit's QuickBooks Online Self-Employed integrated with Stripe to streamline tax reporting for workers in the on-demand economy, offering a more efficient financial management solution.
2017-12-05
Intuit Inc. acquisition of TSheets
On December 5, 2017, Intuit announced its acquisition of TSheets for $340 million.
2018-08
Sasan Goodarzi appointed as Intuit's CEO
In August 2018, Sasan Goodarzi was announced as the new leader and CEO of Intuit, set to take over at the beginning of 2019, succeeding Brad Smith.
2019-08-05
Publication of Intuit Blog Team Article
An article written by the Intuit Blog Team was published on August 5, 2019. The blog post may contain information related to Intuit products, services, or industry insights.
2020-02-24
Intuit Inc. planned acquisition of Credit Karma
On February 24, 2020, Intuit CEO announced plans to acquire Credit Karma for $7.1 billion.
2020-08-03
Intuit Inc. acquisition of TradeGecko
On August 3, 2020, Intuit announced its acquisition of TradeGecko for $100 million.
2021-09-13
Intuit Inc. acquisition of Mailchimp
On September 13, 2021, Intuit announced its acquisition of Mailchimp for $12 billion.
2022-11-09
Update of Intuit Blog Team Article
The article written by the Intuit Blog Team was updated on November 9, 2022. This update may include new information, corrections, or additional insights.
2024
Intuit Blog Launch
In 2024, Intuit launches its official blog platform to provide updates, insights, and news related to the company's products and services.
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Intuit

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Intuit

American multinational business software company
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