M&A Deal Summary

Intuit Acquires GALT Technologies

On September 9, 1996, Intuit acquired internet software and services company GALT Technologies

Acquisition Highlights
  • This is Intuit’s 1st transaction in the Internet Software and Services sector.
  • This is Intuit’s 4th transaction in the United States.

M&A Deal Summary

Date 1996-09-09
Target GALT Technologies
Sector Internet Software and Services
Buyer(s) Intuit
Deal Type Add-on Acquisition

Target

GALT Technologies

United States
GALT Technologies provides Internet Investor Network (SM) serviceon the Internet.

Search 215,058 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Intuit

Mountain View, California, United States

Category Company
Founded 1983
Sector Software
Employees18,800
Revenue 16.3B USD (2024)
DESCRIPTION
Intuit's corporate headquarters in Mountain View, California.
Intuit's corporate headquarters in Mountain View, California.

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.


DEAL STATS #
Overall 4 of 55
Sector: Internet Software and Services M&A 1 of 25
Type: Add-on Acquisition M&A Deals 3 of 51
Country: United States M&A 4 of 49
Year: 1996 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-18 Best Programs

Reston, Virginia, United States

Best programs provides Tax preparation software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-05-01 Venture Finance Software

Mountain View, California, United States

VFSC, based in Mountain View, Calif., has developed technology that has enabled Intuit to move the functionality of its Quicken desktop software onto the Web. With this technology, Intuit has been able to offer consumers an intuitive service through which they can easily view and pay their bills online, as well as tools that enable them to monitor and manage their personal finances and investment portfolios online.

Buy -