Accounting Software Provider Acquires Digital Insight Corp.

Intuit Inc., a leading provider of business and financial management solutions for small and mid-sized businesses, financial institutions, consumers and accounting professionals, has completed its acquisition of Digital Insight Corp. Intuit believes the acquisition of Digital Insight, a leading technology provider in online banking, will help redefine the relationship between financial institutions and their small business and consumer customers.

Intuit’s flagship products and services, including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation software suites for professional accountants.

“The rapid growth of the small business sector, combined with the growing adoption of online banking for those small business owners, creates an opportunity for us to transform the way they run their business,” said Steve Bennett, Intuit president and chief executive officer. “With Intuit and Digital Insight working together, small business owners will view their financial institution as a valued, long-term partner that helps them manage their business finances.”

Digital Insight Chief Executive Officer Jeff Stiefler has joined Intuit as president of Intuit’s financial institutions division.

Starting today, Intuit will begin integrating the two companies’ operations, category development, distribution models and customer support organizations to ensure a smooth transition and immediate value for customers, employees and partners. Together, the companies will serve 5,000 financial institutions, nearly 25 million consumers, and nearly 7 million small businesses.

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