Intuit to close sale of Quicken by April 30
Intuit yesterday said it will complete the sale of is Quicken personal finance software by April 30.
"We expect the process to sell Demandforce, QuickBase and Quicken will be completed this fiscal quarter," Intuit said in prepared remarks Thursday during an earnings call with Wall Street.
Intuit's current financial quarter runs from Feb. 1 to April 30.
The Mountain View, Calif. company announced the sale of Quicken, as well as two other product lines -- QuickBase, a customizable database for small and mid-sized businesses, and Demandforce, a customer management platform, also for small businesses -- in August 2015. "Quicken is a desktop-centric business and it doesn't strengthen the small business or tax ecosystems," said Intuit CEO Brad Smith at the time, referring to the firm's focus on QuickBooks and TurboTax.
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