Friday, March 4, 2016

Intuit Sells Quicken To H.I.G. Capital

Mountain View-based Intuit said on Thursday that it has agreed to sell its Quicken business to private equity investor H.I.G. Capital. Intuit has been looking for a buyer for the business since August of 2015. Eric Dunn, head of Quicken, said he will continue to lead the business, and also is a "significant personal investor" in the transaction. Intuit's very first product was Quicken, which was the company's first product. Quicken had been introduced in 1983.