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Intuit buys Mint.com $ 170 million

Posted by admin On October - 3 - 2009
U.S. software company “Intuit” specialized in accounting software, saving and personal financial management programs and tax announced its purchase of Mint.com, site specialist follow-up and management of personal funds in a deal estimated at $ 170 million.

A quick comparison between the two companies:

With respect to Intuit:

* The company started its work in 1983. Before 26 years
* Today has more than 8000 employees
* Known programs: Quicken and Quickbooks, and TurboTax
* The company offers its Quickbooks online Web-based since 2007
* Raised the company’s contribution to open in 1993 and reached a market value of time for two billion dollars
* Total income in 2008 reached the top of the $ 3 billion
* Estimated market value of the company today to $ 9 billion

With respect to Mint.com:

* The company started its work in 2006. Which only three years ago
* Has 26 employees only
* Has only one product, a possible follow-up personal accounts and management, through their website, with the possibility of bank accounts linked to their system with automatic updating of all that you can deposit or disposal (working with U.S. banks only). They also provide a copy of the iPhone mobile service to facilitate the follow-up to the user, from every place and at any time

Likely to be the reason behind the interest of Intuit b Mint.com is the development of recent personal financial management system on the Internet the highest specifications, while the first did not make a similar one yet.

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