M&A Deal Summary

Intuit Acquires Check

On May 27, 2014, Intuit acquired internet software and services company Check for 360M USD

Acquisition Highlights
  • This is Intuit’s 15th transaction in the Internet Software and Services sector.
  • This is Intuit’s 6th largest (disclosed) transaction.
  • This is Intuit’s 41st transaction in the United States.
  • This is Intuit’s 21st transaction in California.

M&A Deal Summary

Date 2014-05-27
Target Check
Sector Internet Software and Services
Buyer(s) Intuit
Deal Type Add-on Acquisition
Deal Value 360M USD

Target

Check

Palo Alto, California, United States
Check is a consumer app that provides users with guidance on bills and account balances. The Company was formed in 2007.

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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 42 of 55
Sector: Internet Software and Services M&A 15 of 25
Type: Add-on Acquisition M&A Deals 38 of 51
State: California M&A 21 of 25
Country: United States M&A 41 of 49
Year: 2014 M&A 3 of 7
Size (of disclosed) 6 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-14 Invitco Pty

Surry Hills, Australia

invitco is a cloud-based data extraction from system-generated financial and business documents. They are focused on developing leading technology specializing in the receipt, processing, and data extraction from PDF files in the cloud.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 KDK Softwares India Private Limited

Jaipur, India

KDK Softwares is a provider of professional tax computation and e–filing solutions, both in desktop and cloud models, with a base of over 100 channel partners in over 60 cities in India.

Buy -