Intuit Mergers and Acquisitions Summary

SoftwareCompany

Intuit has acquired 57 companies, including 9 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 (47%) and software (32%).

Join Mergr and gain access to Intuit’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the software sector.

M&A Summary

  • M&A Total Activity66
    • M&A Buy Activity54
    • M&A Sell Activity12
  • Total Sectors Invested 5
  • Total Countries Invested 6
  • M&A Buy/Sell Connections 22
  • 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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.8/yr) # 50 - 1 2 1 - 54
vol $4.9B $7.1B $12.0B $24.0B
Sell (0.4/yr) # 10 1 1 - - - 12
vol $1.5B $43M $1.5B
  66

Most Recent M&A

Company Date Value Type
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 2016-03-08 - Divestiture
Cambridge, Massachusetts · www.quickbase.com
Quicken, Inc. 2016-03-04 - Divestiture
Menlo Park, California · www.quicken.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 (46%) 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 2 (4%) 1.3B (6%) 1 (8%) 1.0B (68%)
Business Services 2 (4%) - - -
Total 54 $24.0B 12 $1.5B

By Geo

State/Country Buy Value Sell Value
United States 48 24.0B 12 1.5B
  California 24 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 48 (89%) 24.0B (100%) 12 (100%) 1.5B (100%)
Cross-border 6 (11%) - - -
Total 54 $24.0B 12 $1.5B

Top M&A Advisors

Financial Deals
Qatalyst Partners LP
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%)

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