Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Intuit To Sell Intuit Financial Services
SAN FRANCISCO and MOUNTAIN VIEW, Calif. (7/2/13)--Intuit announced Monday that it has entered into an agreement to sell its Intuit Financial Services division to Thoma Bravo.
 
Intuit Financial Services is a CUNA Strategic Services provider.
 
The cash transaction is valued at about $1.025 billion and is subject to regulatory review and other customary closing conditions. The transaction is expected to close in the next few months.
 
The transaction will result in a stand-alone company focused on providing a digital banking platform and market-leading mobile solutions to financial institutions. 
 
The transaction includes an Internet banking platform, digital payments, mobile banking, Purchase Rewards, FinanceWorks, and digital banking add-on solutions as well as third-party solutions. Certain assets that are currently included in the IFS division, including OFX connectivity and Mint.com, will remain with Intuit.
RSS print
News Now LiveWire
Expanded ATM services at branches attractive to members: @CFIGroup. See #NewsNow Friday
7 hours ago
#FinCEN imposes civil money penalty against NJ's BPI money services co. for #BSA violations http://t.co/WnDzOcxdOZ
9 hours ago
.@ABCULCUs give hat tip to America's #100MM #creditunion milestone http://t.co/q8yo6Lx3LM
10 hours ago
The @CFPB has announced new Credit Union Advisory Council members, as well as other senior leaders, advisory board and council members.
11 hours ago
GDP expanded 4.2% on an annualized basis in 2Q according to Bureau of Economic Analysis
11 hours ago