Add-on Acquisition • Information Technology

Intuit Acquires Homestead Technologies

On November 26, 2007, Intuit acquired information technology company Homestead Technologies for 170M USD

Acquisition Context
  • This is Intuit’s 5th transaction in the Information Technology sector.
  • This is Intuit’s 13th largest (disclosed) transaction.
  • This is Intuit’s 26th transaction in the United States.
  • This is Intuit’s 10th transaction in California.
Investment Fate
  • Homestead Technologies was divested to a consortium of strategic buyers in 2012.

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M&A Deal Summary

Date November 26, 2007
Target Homestead Technologies
Sector Information Technology
Buyer(s) Intuit
Deal Type Add-on Acquisition
Deal Value 170M USD

Target Company

Homestead Technologies

Menlo Park, California, United States
Homestead Technologies Inc. provides a suite of easy-to-use, non-technical Web site creation products, e-commerce solutions and online marketing products and services for small businesses and organizations that wish to establish or enhance their presence online.
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Buyer Overview 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 Context for Buyer #
Overall 26 of 55
Sector: Information Technology 5 of 8
Type: Add-on Acquisition 22 of 51
State: California 10 of 25
Country: United States 26 of 49
Year: 2007 2 of 2
Size (of disclosed) 13 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Eclipse

Connecticut, United States

Eclipse is a provider of business management software solutions for wholesale distributors in a number of market segments, including plumbing-heating-cooling-piping, electrical, building materials, industrial, janitorial and floor coverings.

Sell $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-29 Electronic Clearing House

Camarillo, California, United States

ECHO is a provider of electronic payment processing solutions, including check conversion, automated clearing house capabilities, or ACH, as well as check verification, guarantee services, collection, and debit card and credit card processing.

Buy $131M