Intuit Mergers and Acquisitions Summary

Software Company

Intuit has acquired 54 companies, including 6 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 12 assets.

Intuit’s largest acquisition to date was in 2020, when it acquired Credit Karma for $7.1B. 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 5 countries. The Company’s most targeted sectors include internet software and services (45%) and software (33%).

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M&A Summary

  • M&A Total Activity64
    • M&A Buy Activity52
    • M&A Sell Activity12
  • Total Sectors Invested 5
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 21
  • M&A Advisors 2

Intuit, Inc.

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

Intuit Inc. 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 ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.8/yr) # 48 - 2 - 1 1 52
vol $4.6B $340M $7.1B $12.0B
Sell (1.0/yr) # 7 3 - 1 1 - 12
vol $1.5B $43M $1.5B
  64

Most Recent M&A

Company Date Value Type
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 2016-03-08 - Divestiture
Cambridge, Massachusetts · www.quickbase.com
Quicken 2016-03-04 - Divestiture
Mountain View, California · quicken.intuit.com
Demandforce, Inc. 2016-01-15 - Divestiture
San Francisco, California · www.demandforce.com
Docstoc 2015-09-04 - Shut Down
Santa Monica, California · www.docstoc.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Medfusion, Inc.    - NexSched LLC 2017-02-21 1
Cary, North Carolina · www.medfusion.net Marcellus, New York · www.nexsched.com

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 23 (44%) 9.1B (75%) 4 (33%) 11M (1%)
Software 17 (33%) 1.2B (10%) 4 (33%) 428M (28%)
Information Technology 8 (15%) 463M (4%) 3 (25%) 43M (3%)
Financial Services 2 (4%) 1.3B (11%) 1 (8%) 1.0B (68%)
Business Services 2 (4%) - - -
Total 52 $12.0B 12 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 47 12.0B 12 1.5B
  California 24 10.4B 5 1.0B
  Connecticut 2 124M 1 100M
  Texas 2 478M - -
  Georgia 2 - - -
  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 - - -
Domestic 47 (90%) 12.0B (100%) 12 (100%) 1.5B (100%)
Cross-border 5 (10%) - - -
Total 52 $12.0B 12 $1.5B

Top M&A Advisors

Financial Deals
Qatalyst Partners LP
2
Legal Deals
Latham & Watkins
1

Deal Values

buy # Total
> $1B 2 $8.4B
$100M to $1B 12 $2.9B
< $100M 14 $690M
TOTAL $12.0B
Largest Credit Karma, Inc.
$7.1B (2020-02-24)
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
PE Firm(s)
90%
9 90%
Strategic(s)
10%
1 10%
Divested to
PE Firm(s)
57%
8 57%
Strategic(s)
43%
6 43%

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