Information AboutIntuit |
| CATEGORIES ABOUT INTUIT | |
| computer companies of the united states | |
| software companies | |
| companies listed on nasdaq | |
| companies established in 1983 | |
| companies based in silicon valley | |
| 1983 software | |
Intuit Inc. () is an American Software Company that develops financial and Tax Preparation software and related services for Small Business es, Accountants and individuals. It is incorporated in Delaware and headquartered in Mountain View , California . PROFILE The company was founded in 1983 by Scott Cook and Tom Proulx in Mountain View, California . Intuit makes the popular personal finance programs Quicken and TurboTax (and its Canadian counterpart, QuickTax ), as well as the Small Business accounting program QuickBooks . In addition, they produce QuickBooks Point Of Sale solution for small retailers, the market leading professional tax solutions ProSeries and Lacerte, and the Web-based corporate workgroup productivity solution QuickBase . The company maintains a number of foreign sales offices. It has significant R&D activity in Intuit Canada headquartered in Edmonton, Alberta and Intuit India headquartered in Bangalore, India . International product versions are now predominantly produced by third-party localizers or licensees. HISTORY Intuit was reportedly conceived when Scott Cook, then an assistant product manager at Procter & Gamble , realized that Personal Computer s would lend themselves as replacement for paper-and-pencil based personal accounting. On his quest to find a programmer he ended up running into Tom Proulx at Stanford . The two started Intuit, which initially operated out of a modest room on University Avenue in Palo Alto . The first version of Quicken was coded in Microsoft's Compiler BASIC for the IBM PC and UCSD Pascal for the Apple II by Tom Proulx and had to contend with a dozen serious competitors. Intuit struggled financially until they found their formula for success, which revolved around direct marketing campaigns, favorable reviews in industry and consumer magazines and word of mouth from satisfied customers. Intuit's focus on Usability and customer support in its early years was legendary. Although by based in San Diego . The time after the IPO was marked by rapid growth and culminated with a buyout offer from Microsoft in 1995 ; at this time Intuit's Market Capitalization reached $2 billion. When the buyout fell through because of DOJ scrutiny, the company came under intense pressure in late 1990s when Microsoft started to compete vigorously with its core Quicken business. In response, Intuit launched new web-based products and solutions and put more emphasis on QuickBooks and on TurboTax. The company made a number of investments around this time. Among others, it purchased a large stake in Excite and acquired Lacerte Software, a Dallas -based developer of tax preparation software used by tax professionals. It also divested itself of its online bill payment service unit and extended and strengthened its partnership with CheckFree . On November 30 , 2006 , Intuit announced an agreement to acquire Digital Insight , a leading provider of online banking services, for $1.35 billion.1 Today, Intuit has about $2 billion in annual Revenue and $10.8 billion market capitalization. Intuit has been ranked in Fortune Magazine's "Top 100 companies to work for" for the past several years.2 PRODUCTS Quicken Incorporation Services Quicken Incorporation is a document filing service. JumpUp JumpUp (formerly JackRabbit Beta) is a free social networking and resources site for small business owners and/or start-ups. Free tools and services include an interactive business planner, online training for developing a successful business plan, starting costs calculator, cash flow calculator, break even calculator, templates for business planning and sample business plans. Turbotax |
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