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Intuit - M&A Summary and Business Overview

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Intuit M&A Summary

Intuit has acquired 58 companies, including 7 in the last 5 years. A total of 10 acquisitions came from private equity firms. It has also divested 12 assets.

Intuit’s largest acquisition to date was in 2021, when it acquired Rocket Science Group for $12.0B. It’s largest disclosed sale occurred in 2013, when it sold Digital Insight to Thoma Bravo for $1.0B. Intuit has acquired in 16 different US states, and 6 countries. The Company’s most targeted sectors include internet software and services (46%) and software (31%).

Intuit Business Overview

Where is Intuit headquartered?

Intuit is headquartered in Mountain View, California.

What is Intuit’s revenue?

Intuit disclosed revenue of 16,285M USD for 2024 and 14,368M USD for 2023.

How many employees does Intuit have?

Intuit has 18,800 employees.

What sector is Intuit in?

Intuit is a software company.

When was Intuit founded?

Intuit was founded in 1983.

M&A Summary

  • M&A Total Activity67
    • M&A Buy Activity55
    • M&A Sell Activity12
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 19
  • M&A Advisors 3

Intuit

Intuit, Inc.

2700 Coast Avenue,
Mountain View, California 94043
United States,
(650) 944-6000
www.intuit.com

Intuit is a provider of business and financial management solutions for small businesses, consumers and accounting professionals. The Company's flagship products and services help customers solve business and financial management problems, such as running a small business, paying bills, filing income taxes, or managing personal finances. ProSeries and Lacerte are Intuit’s tax preparation offerings for professional accountants. Intuit's products and services are available in the United States, Canada, the United Kingdom, Australia, India and Singapore. Intuit was formed in 1983 and is based in Mountain View, California.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.4/yr) # 53 1 1 - - - 55
vol $12.0B $12.0B $24.0B
Sell (0.0/yr) # 12 - - - - - 12
vol $1.5B $1.5B
  67

Most Recent M&A

Company Date Value Type
SeedFi 2022-12-01 - Add-on Acquisition
San Francisco, California · www.seedfi.com
Rocket Science Group LLC 2021-09-13 12.0B USD Add-on Acquisition
Atlanta, Georgia · www.mailchimp.com
TradeGecko Pte. Ltd. 2020-08-03 - Add-on Acquisition
Singapore, Singapore · www.tradegecko.com
Credit Karma, Inc. 2020-02-24 7.1B USD Add-on Acquisition
San Francisco, California · www.creditkarma.com
Medfusion, Inc. 2019-11-13 43M USD Divestiture
Cary, North Carolina · www.medfusion.net
Origami Logic, Inc. 2019-05-28 - Add-on Acquisition
Santa Clara, California · www.origamilogic.com
Intuit, Inc. - Data Center 2018-07-18 - Divestiture
Quincy, Washington
TSheets.com LLC 2017-12-05 340M USD Add-on Acquisition
Eagle, Idaho · ww.tsheets.com
Exactor, Inc. 2017-10-26 - Add-on Acquisition
Bala Cynwyd, Pennsylvania · www.exactor.com
Quickbase, Inc. 2016-03-08 - Divestiture
Boston, Massachusetts · www.quickbase.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Credit Karma, Inc. 2020-02-24 Credit Karma Tax 2020-11-25 1
San Francisco, California · www.creditkarma.com San Francisco, California

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 25 (45%) 21.1B (88%) 4 (33%) 11M (1%)
Software 17 (31%) 1.2B (5%) 4 (33%) 428M (28%)
Information Technology 8 (15%) 463M (2%) 3 (25%) 43M (3%)
Financial Services 3 (5%) 1.3B (6%) 1 (8%) 1.0B (68%)
Business Services 2 (4%) - - -
Total 55 $24.0B 12 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 49 24.0B 12 1.5B
  California 25 10.4B 5 1.0B
  Georgia 3 12.0B - -
  Connecticut 2 124M 1 100M
  Texas 2 478M - -
  Ohio 1 92M 1 128M
  North Carolina 1 91M 1 43M
  Massachusetts 1 - 1 -
  Florida 1 170M 1 200M
  Colorado 1 22M 1 11M
  Virginia 1 - - -
  Pennsylvania 1 - - -
  Oklahoma 1 - - -
  Nebraska 1 10M - -
  Illinois 1 - - -
  Idaho 1 340M - -
  Washington - - 1 -
United Kingdom 2 - - -
Australia 1 - - -
Brazil 1 - - -
India 1 - - -
Singapore 1 - - -
Domestic 49 (89%) 24.0B (100%) 12 (100%) 1.5B (100%)
Cross-border 6 (11%) - - -
Total 55 $24.0B 12 $1.5B

Top M&A Advisors

Financial Deals
Qatalyst Partners
 2
Morgan Stanley
 1
Legal Deals
Latham & Watkins
 2

Deal Values

buy # Total
> $1B 3 $20.4B
$100M to $1B 12 $2.9B
< $100M 14 $690M
TOTAL $24.0B
Largest Rocket Science Group LLC
$12.0B (2021-09-13)
sell # Total
> $1B 1 $1.0B
$100M to $1B 2 $328M
< $100M 3 $154M
TOTAL $1.5B
Largest Digital Insight Corp.
$1.0B (2013-07-01)

M&A Connections

Deals
Acquired from
Investor(s)
13%
7 (13%)
Strategic(s)
2%
1 (2%)
Divested to
Investor(s)
42%
5 (42%)
Strategic(s)
50%
6 (50%)

Company Summary

SECTOR

Software

Revenue

16,285   14% 2024
14,368   13% 2023
12,726   33% 2022
9,633   26% 2021
7,679   14% 2020
6,784   14% 2019
5,964   16% 2018
5,177   11% 2017
4,694   12% 2016
4,192   7% 2015
4,506   15% 2014
3,946   2013
(millions of USD) Show More Show Less

Employees

18,800

Established

1983

Public

NASDAQ: INTU

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