Intuit Inc. is a software company that develops financial and tax preparation software for businesses, individuals, and accountants.
Intuit was founded by Scott Cook and Tom Proulx in 1983 when the pair realized that computers would replace traditional pen-and-paper based accounting. The result was Quicken.
By 1988 Quicken was a best-seller in its market, but the company did not experience success until the early 1990’s after the advent of Windows 3.0.
In 1993 the company went public, trading on the NASDAQ under the symbol INTU.
Intuit used the proceeds from the IPO to buy the tax-preparation software company Chipsoft. This led to the development of TurboTax.
In addition to Quickbooks and TurboTax, Intuit also offers GoPayment mobile payment processing, Lacerte, ProSeries, and Intuit Tax Online professional tax products and services.
Intuit is a member of the S&P 500, is #558 on the Fortune 1000, has 9,400 employees, and had $6.784 billion in revenue in 2019.
In November 2020, Credit Karma was acquired by Intuit after receiving approval from the DOJ.
In December 2020, the company announced that it was launching a fully-assisted tax prep service to work with TurboTax.
The company maintains a corporate office in Mountain View, California.
Intuit Inc. is a software company that develops financial and tax preparation software for businesses, individuals, and accountants.
Intuit was founded by Scott Cook and Tom Proulx in 1983 when the pair realized that computers would replace traditional pen-and-paper based accounting. The result was Quicken.
History
By 1988 Quicken was a best-seller in its market, but the company did not experience success until the early 1990’s after the advent of Windows 3.0.
In 1993 the company went public, trading on the NASDAQ under the symbol INTU.
Intuit used the proceeds from the IPO to buy the tax-preparation software company Chipsoft. This led to the development of TurboTax.
In addition to Quickbooks and TurboTax, Intuit also offers GoPayment mobile payment processing, Lacerte, ProSeries, and Intuit Tax Online professional tax products and services.
Intuit is a member of the S&P 500, is #558 on the Fortune 1000, has 9,400 employees, and had $6.784 billion in revenue in 2019.
In November 2020, Credit Karma was acquired by Intuit after receiving approval from the DOJ.
In December 2020, the company announced that it was launching a fully-assisted tax prep service to work with TurboTax.
The company maintains a corporate office in Mountain View, California.