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48-545: GrandPad was founded in 2014 by Scott Lien, a former Intuit executive, and his son, Isaac Lien. The elder Lien serves as the company's CEO. It is headquartered in Minneapolis, Minnesota where many of the technological aspects of the business are housed. The first GrandPad tablet was launched in January 2015. In March 2016, GrandPad entered into a strategic partnership with technology and hardware company, Acer , which saw

96-418: A killer application , which drove many computer sales. It also made usability testing a standard industry practice. In 1985, the company lost key employees due to a lack of funds, with Proulx as one of four remaining employees working for free for six months. They worked on Quicken, which they used to create an advertising revenue stream. In 1985, while Proulx was one of three Intuit employees, Intuit became

144-516: A tax preparation product called WINTAX – Canada's first Microsoft Windows -based personal tax preparation software. In 1993, they agreed to be acquired by Chipsoft, manufacturer of the U.S. personal income tax software TurboTax . Shortly after the WINTAX acquisition, Chipsoft agreed to merge with Intuit, the developer of the Quicken financial software. Intuit Canada continued to update and support

192-420: A by-then bankrupt software company that had developed on-demand customer relationship management software. In April 2009, it acquired Boorah, a restaurant review site. On June 2, 2009, it announced the signing of a definitive agreement to purchase PayCycle Inc., an online payroll services, in an all-cash transaction for approximately $ 170 million. On September 14, 2009, Intuit Inc. agreed to acquire Mint.com ,

240-517: A companion GrandPad app on their phones. Games, articles, and music are tailored to the interests of the tablet user. No Wi-Fi, home phone lines, or passwords are required. The technology is supported by a network of customer service agents who are on-call 24/7. Other features include games, an encyclopedia, news articles, weather reports, a flashlight, a magnifying glass, music, and Zoom integration. Its tablet and companion app also have language capabilities in 40 languages. Intuit Intuit Inc.

288-1098: A data consulting firm. On October 30, 2013, it acquired Full Slate, a developer of appointment scheduling software for small businesses. In November 2013, Intuit acquired Prestwick Services, LLC, and incorporated TruPay into its Employee Management Solutions Division. In May 2014, Intuit Inc. bought Invitco to help bookkeepers put bill processing in the cloud. In May 2014, it acquired Check for approximately $ 360 million to offer bill pay across small business and personal finance products. In December 2014, it. acquired Acrede, UK-based provider of global, cross-border and cloud-based payroll services. In March 2015, Intuit Inc. acquired Playbook HR. In January 2016, Intuit Inc. announced an agreement to sell Demandforce to Internet Brands . On March 3, 2016, Intuit announced plans to sell Quicken to H.I.G. Capital . On March 8, 2016, it announced plans to sell Quickbase to private equity firm Welsh, Carson, Anderson & Stowe . In October 2016, Intuit acquired Bankstream to integrate direct bank feeds into QuickBooks. On May 1, 2017, Intuit announced it

336-578: A deceptive discount targeted to members of the military. As of the 2021 tax filing season, TurboTax no longer participates in the Free File Alliance . Intuit has lobbied extensively against the IRS providing taxpayers with free pre-filled forms, which is the norm in developed countries. The company was founded in 1983 by Scott Cook and Tom Proulx in Palo Alto, California . Intuit

384-440: A free online personal finance service, for $ 170 million. On January 15, 2010, Intuit Inc. spun off Intuit Real Estate Solutions (which Intuit acquired in 2002) as a stand-alone company. The new company took on its previous moniker, and is now known as MRI Software . On May 21, 2010, Intuit acquired MedFusion, a Cary, NC leader of Patient to Provider communications for approximately $ 91 million. On August 10, 2010, it. acquired

432-552: A free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. TurboTax Free File was developed as part of an agreement whereby members of the Free File Alliance would offer tax preparation for individuals below an income threshold for free in exchange for the IRS not providing taxpayers with free pre-filled forms. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from

480-560: A large stake in Excite and acquired Lacerte Software, a Dallas -based developer of tax preparation software used by tax professionals. It also divested its online bill payment service unit in exchange for an equity stake in CheckFree . In June 2013, Intuit announced it would sell its financial services unit to private equity firm Thoma Bravo for $ 1.03 billion. As of May 2018, Intuit had more than US$ 5 billion in annual revenue and

528-477: A living. It is generally used by larger firms with more complex workflows and clients. 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. In December 1999, Intuit purchased Rock Financial for a sum of $ 532M. The company was renamed Quicken Loans . In June 2002, Rock Financial founder Dan Gilbert led

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576-665: A market capitalization of about US$ 50 billion. In August 2018, the company announced that Sasan Goodarzi would become Intuit's leader and CEO at the beginning of 2019. Previous CEO Brad Smith will remain chairman of Intuit's board of directors. In August 2020, Intuit QuickBooks Canada was expected to reveal intentions to partner with Digital Main Street, as the company aims to help digitally turn Canadian small businesses. In July 2024, Intuit announced it would lay off 1,800 employees, or 10% of its workforce, in order to refocus resources on generative AI initiatives. Intuit formerly offered

624-434: A provider of online banking services. On August 17, 2007, Intuit sold Eclipse ERP to Activant , for $ 100.5 million in cash . In December 2007, it acquired Electronic Clearing House to add check processing power.In December 2007, it acquired Homestead Technologies which offers web site creation and e-commerce tools targeted at the small business market, for $ 170 million. In December 2008, it acquired Entellium ,

672-567: A small group of private investors in purchasing the Quicken Loans subsidiary back from Intuit. In 2001, Intuit invested in UK market, hiring a local management team led by Stephen Lee, managing director, and Neil Atkins, marketing director, with an aim to become Europe's leading B2B & B2C packaged accounts solution. In 2002, the firm acquired Management Reports International , a Cleveland-based real estate management software firm. The firm

720-548: A successful business plan, starting costs calculator, cash flow calculator, break-even calculator, templates for business planning and sample business plans. TaxAlmanac was a free online tax research resource. The site included information including the Internal Revenue Code, Treasury Regulations, Tax Court Cases, and a variety of articles. This site was up for closure but due to massive feedback, has reminded up. It has however been archived since June 2014, meaning

768-566: A tax preparation software company based in San Diego. In 1994, the firm acquired the tax preparation software division of Best Programs of Reston, VA. In the same year, Intuit acquired Parsons Technology from Bob Parsons for $ 64 million. In 1996, it acquired GALT Technologies, Inc of Pittsburgh, PA. In 1998, it acquired Lacerte Software Corp., which now operates as an Intuit subsidiary. The Lacerte subsidiary focuses on tax software used by professional accountants who prepare taxes for

816-569: A variety of platforms including application software , software connected to services , software as a service , platform as a service and mobile applications . Intuit Canada has employees located all across Canada, with offices in Edmonton , Alberta , and Toronto , Ontario . Intuit Canada traces its origins to the 1993 acquisition by Intuit of a Canadian tax preparation software developer. In 1992, Edmontonians and University of Alberta graduates Bruce Johnson and Chad Frederick had built

864-460: Is 8-inches and weighs 12.5-ounces. It has a Qualcomm Snapdragon 625 processor with 2GB of RAM and uses the Android operating system but with a specialized interface. It comes with a Qi wireless charging dock and has 4G LTE internet access is built in. Contacts and photo albums are managed remotely, typically by a relative. Only approved users can send e-mail messages or video chat requests through

912-631: Is an American multinational business software company that specializes in financial software . The company is headquartered in Mountain View, California , and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax , the small business accounting program QuickBooks , the credit monitoring and personal accounting service Credit Karma , and email marketing platform Mailchimp . As of 2019, more than 95% of its revenues and earnings come from its activities within

960-545: Is the subject of multiple lawsuits and is under investigation by the FTC and several state attorneys general . On May 4, 2022, Intuit agreed to pay a $ 141 million settlement over misleading advertisements. CEO Sasan Goodarzi oversees all products in all countries. Intuit Canada ULC , an indirect wholly owned subsidiary of Intuit, is a developer of financial management and tax preparation software for personal finance and small business accounting . Services are delivered on

1008-482: The Canada Revenue Agency forced Intuit and other tax preparing software companies to limit the number of returns available from their software to 20. This caused Intuit Canada to stop offering QuickTax Pro50 and Pro100 products, and they now offer QuickTax 20 as an alternative. Intuit Canada has since announced that for the 2010 tax year, they will discontinue use of the name QuickTax and replace it with

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1056-462: The United States . Intuit offered a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and

1104-480: The United States Department of Justice sued to block the acquisition. The company came under intense pressure in the late 1990s when Microsoft started to compete vigorously with its core Quicken business. In response, Intuit launched new web-based products and put more emphasis on QuickBooks and on TurboTax. The company made a number of investments around this time. Among others, it purchased

1152-671: The GrandPad interface. In May 2018, it was announced that senior citizen-focused wireless network company, Consumer Cellular , invested in GrandPad. Consumer Cellular also announced that it would become a distributor of the GrandPad tablet in the United States. In March 2019, GrandPad opened its first European office in Gorey, Ireland, which was established to support its European operations. The company also began selling its tablet through Amazon and Walgreens.com in 2022. The tablet

1200-777: The Intuit Websites and Weblistings products which had been formed from the Homestead Technologies and StepUp Commerce acquisitions. On July 1, 2013, it announced an agreement to sell their Intuit Financial Services (IFS) business unit (formerly known as Digital Insight) to Thoma Bravo for more than $ 1.03 billion. On August 19, 2013, it announced that they had sold their Intuit Health business unit (formerly known as MedFusion) back to MedFusion's founder, Steve Malik . In August 2013, Intuit Inc. acquired tax planning software Good April for an undisclosed amount. On October 23, 2013, it acquired Level Up Analytics,

1248-626: The WINTAX software, which was renamed QuickTax in 1995 and then renamed TurboTax in 2010. Intuit Canada quickly became the hub for international development at Intuit, producing localized versions of Quicken and QuickBooks for Canada (in French and English) and the United Kingdom. The U.K. version of Quicken was discontinued in 2005. In 2008, Intuit Canada discontinued the TaxWiz software and added QuickTax Basic to their lineup. Changes made by

1296-478: The Web" in which TaxAlmanac was selected as one of the 50. The product made the short list as one of the 7 in the collaboration category. Intuit archives TaxAlmanac effective June 1, 2014. Many of the users have migrated to a new site called TaxProTalk.com. Zipingo was a free website where users could rate services such as contractors , restaurants , and other businesses. Ratings and comments were either entered from

1344-649: The ability to process credit cards through its core product, QuickBooks, without the need for hardware leasing. They can also provide traditional terminal-based credit card processing and downloading transactions directly into the QuickBooks software. In November 2005, Intuit acquired MyCorporation.com, an online business document filing service, for $ 20 million from original founders Philip and Nellie Akalp. In September 2006, it acquired StepUp Commerce, an online localized product listing syndicator, for $ 60 million in cash. In December 2006, it acquired Digital Insight ,

1392-523: The existing content can be accessed and viewed but no new posts or comments can be made after this archival. Modeled after English Misplaced Pages , TaxAlmanac was launched in May 2005. The June 6, 2005 edition of Time magazine featured an article entitled "It's a Wiki, Wiki World" about English Misplaced Pages in which TaxAlmanac was highlighted as "A Community of Customers". The November 21, 2005 edition of Business Week featured an article titled "50 Smart Ways to Use

1440-448: The first Apple and Radio Shack versions. He obtained a patent for finding a way for a computer to verify that a user had correctly inserted blank checks in a dot matrix printer . This was essential to the near-universal use of such checks in accounting programs. After he co-founded Intuit in 1983, the company ran into financial difficulties, with staff working at one point for nine months without pay. In 1984, in what may have been

1488-478: The first case of usability testing with engineers, Intuit recruited people off the street to test Quicken with a stopwatch. After each test Proulx improved Quicken. Before this, experienced computer users spent an hour or more installing programs and printing a check. Novices often gave up. Quicken allowed inexperienced computer users to do it in less than 15 minutes, printing checks faster than writing them. The market share of Quicken varied from 65% to 98%, making it

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1536-544: The first company to shrink-wrap floppy disks and manuals. This further revolutionized software development. By 1992, all major Intuit programs had a market share of 75% or more. Proulx created an Intuit credit card with a download service, that automatically classified charges. Proulx was a recipient of the Inc. Magazine Entrepreneur of the Year Award in 1992. In 1993, he actively assisted with helping Intuit go public and

1584-617: The first time a software company offered a rebate. Roughly around the same time the company engaged John Doerr of Kleiner Perkins and diversified its product lineup. In 1993 Intuit went public and used the proceeds to make a key acquisition: the tax-preparation software company Chipsoft based in San Diego . The time after the IPO was marked by rapid growth and culminated with a buyout offer from Microsoft in 1994; at this time Intuit's market capitalization reached US$ 2 billion . However,

1632-604: The free TurboTax Free File to the paid TurboTax Free Edition using tactics including search engine delisting and a deceptive discount targeted to members of the military. Subsequent investigations by the Senate Committee on Homeland Security and Governmental Affairs and the New York State Department of Financial Services reached similar conclusions, the latter concluding that Intuit engaged in "unfair and abusive practices". As of 2022, Intuit

1680-552: The functions of its personal accounting software Mint into Credit Karma 's net worth product line and retired Mint. Tom Proulx Thomas Proulx is an American computer programmer and entrepreneur . He was a co-founder and first programmer of Intuit and a pioneer of usability testing in the 1980s. He was the main programmer of the first version of Quicken and TurboTax . He co-founded Intuit in 1983, and later became involved with NetPulse . He earned an electrical engineering degree from Stanford University and

1728-470: The latter company make an equity investment in GrandPad. Later that year, GrandPad partnered with Comfort Keepers (a firm offering in-home care to seniors) to provide their tablets to seniors in the Comfort Keepers network. In 2017, an updated version of the tablet was released with input from Acer. Also that year, the company collaborated with Lyft to integrate the ride-hailing service's app into

1776-426: The name TurboTax – thus bringing the product in line with Intuit's American tax-filing software. Intuit has had several online communities, some of which offer integration or cross-sells into its other products. These include the QuickBooks and TurboTax online communities for QuickBooks users and small business owners and tax payers respectively, Quicken Online Community for Quicken users and those who need help with

1824-627: The personal finance management app Cha-Ching. On June 28, 2011, it acquired the Web banking technology assets of Mobile Money Ventures, a mobile finance provider, for an undisclosed amount. This acquisition is expected to position Intuit as the largest online and mobile technology provider to financial institutions. On May 18, 2012, it. acquired Demandforce, an automated small business marketing, and customer communications SaaS provider for approximately $ 423.5 million. On August 15, 2012, it announced an agreement to sell their 'Grow Your Business' business unit to Endurance International . The sale included

1872-560: The personal finances, and the Accountant Online Community and Jump Up. These communities have consisted of blogs, an expert locator map and event calendar, forums and discussion groups, podcasts, videocasts and webinars, and other user-created content. JumpUp (formerly JackRabbit Beta) was a free social networking and resources site for small business owners and/or start-ups. Free tools and services included an interactive business planner, online training for developing

1920-497: The website or through Quicken and QuickBooks. The site was closed by Intuit on August 23, 2007. For the fiscal year 2021, Intuit reported earnings of US$ 2.062 billion, with an annual revenue of US$ 9.633 billion, an increase of 25.4% over the previous fiscal cycle. Intuit's shares traded at over $ 498.18 per share and total international net revenue was less than 5% of total net revenue. share in US$ In 1993, Intuit acquired Chipsoft,

1968-468: Was a Hughes Fellow. In 1983, he began designing Quicken in his dorm room at Stanford. In 1983, Scott Cook went to Stanford University in California, United States . He wanted a programmer for a planned home bill payment and bank reconciliation program. Proulx was the first person Cook met and subsequently co-founded Intuit. Proulx was the first programmer of the first version of Quicken , and

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2016-564: Was coded in Microsoft's BASIC programming language for the IBM PC and UCSD Pascal for the Apple II by Tom Proulx and had to contend with a dozen serious competitors. In 1991, Microsoft decided to produce a competitor to Quicken called Microsoft Money . To win retailers' loyalty, Intuit included a US$ 15 rebate coupon, redeemable on software customers purchased in their stores. This was

2064-497: Was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that personal computers would lend themselves towards replacements for paper-and-pencil based personal accounting. On his quest to find a programmer, he ended up running into Tom Proulx at Stanford University . The two started Intuit, which initially operated out of a modest room on University Avenue in Palo Alto. The first version of Quicken

2112-476: Was renamed Intuit Real Estate Solutions (IRES) and offers real estate management products for Windows and the web. In 2002, it acquired Eclipse ERP for $ 88 million, a real-time transaction processing accounting software used for order fulfillment, inventory control, accounting, purchasing, and sales In 2003, it acquired 'Innovative Merchant Solutions' (IMS).a firm that provided merchant services to all types of businesses nationwide. The acquisition gave Intuit

2160-463: Was selling TruPay. On December 5, 2017, Intuit announced its acquisition of TSheets for $ 340 million. On February 24, 2020, Intuit CEO and leader Sasan Goodarzi announced that it planned to acquire Credit Karma for $ 7.1 billion. On August 3, 2020, Intuit announced its acquisition of TradeGecko for $ 100 million. On September 13, 2021, Intuit announced its acquisition of Mailchimp for $ 12 billion. In January of 2024, Intuit integrated some of

2208-578: Was serving as Netpulse CEO. Proulx was the Chairman of Netpulse from 2001 to 2018. In 2008, the company filed for Chapter 7 bankruptcy protection. Three months later, Tom Proulx came out of retirement and "traded his creditorship for the company’s remaining assets," announced on May 3 in San Francisco, and made the company solvent again. By 2004, he had been a director on the boards of tech startups such as UpShot , Documagix , and NextSet. He

2256-548: Was the chairman of Netpulse. On December 14, 2004, he was named a director of Izalex Incorporated. He remains on the boards of eGym and served on the boards of iControl, PlumChoice, and Dropwater. In 2021, he was also involved with 1047 Games, founded by his son Ian. As of 2017, he has an estate in Atherton, California . He has two children. Wired noted in late 1996 that Proulx "began Silicon Valley's anti-211 crusade. This spring, Proulx raised $ 12 million from friends in

2304-413: Was the driving force behind its Chip Soft TurboTax merger. He resigned soon after. He retired from Intuit in 1994. Afterward, he became a private investor in several startup companies. He co-founded Netpulse, Inc. In June 2000, Netpulse E-Zone Media Networks was formed out of E-Zone Networks, Netpulse Communications, and Xystos Media Networks in a merger. The CEO was Andrew Wiswell. In July 2000, he

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