[Wcsa- Wowtimes - Almanac Events & Achievements 2023] Highlights in the 40-year journey of the leading US financial software company, Intuit Inc. (1983)

29-03-2023

(wcsa.world) Intuit is a global technology platform that helps consumers and small businesses overcome their most important financial challenges and power prosperity around the world.

Intuit Inc. is an American 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, personal finance app Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp. As of 2019, more than 95% of its revenues and earnings come from its activities within the United States.

Serving more than 100 million customers worldwide with TurboTax, QuickBooks, Mint, Credit Karma and Mailchimp, Intuit helps put more money in consumers’ and small businesses’ pockets, saving them time by eliminating work, and ensuring they have confidence in every financial decision they make.

 

The company’s milestones:

1983: The company was founded by Scott Cook and Tom Proulx in Palo Alto, California.

1984: Intuit introduced Quicken, a personal finance software product.

1991: Sales climbed to $55 million in 1991 from just $20 million three years earlier, and Intuit's workforce more than doubled in 1991 to about 425 employees.

1992: Quicken (at a retail price of $70) was dominating the personal financial software market with a powerful 70 percent share.

1993: Intuit spent $243 million to buy ChipSoft, manufacturer of the U.S. personal income tax software TurboTax.

 

1999: Intuit introduced its QuickBooks Online Payroll service, which allowed QuickBooks users to connect with banks and tax agencies to facilitate payroll processing.

September 14, 2009: Intuit Inc. agreed to acquire Mint.com, a free online personal finance service, for $170 million.

As of May 2018: Intuit had more than US$5 billion in annual revenue and a market capitalization of about US$50 billion.

 

February 24, 2020: Intuit CEO and leader Sasan Goodarzi announced that it planned to acquire Credit Karma for $7.1 billion.

September 13, 2021: Intuit announced its acquisition of Mailchimp for $12 billion.

2022: The company has sales of 12.7 billion USD, 20 offices in 9 countries, and 14,200 employees worldwide.

 

According to Wikipedia


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