M&A Deal Summary

Intuit Acquires Income Dynamics

On July 14, 2003, Intuit acquired software company Income Dynamics for 10M USD

Acquisition Highlights
  • This is Intuit’s 11th transaction in the Software sector.
  • This is Intuit’s 28th largest (disclosed) transaction.
  • This is Intuit’s 19th transaction in the United States.
  • This is Intuit’s 1st transaction in Nebraska.

M&A Deal Summary
Date 2003-07-14
Target Income Dynamics
Sector Software
Buyer(s) Intuit
Deal Type Add-on Acquisition
Deal Value 10M USD

Target

Income Dynamics

Omaha, Nebraska, United States
Income Dynamics, Inc. is a provider of software that provides tools for taxpayers to determine the fair market value of items donated to charities.

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Buyer(S) 1

Buyer

Intuit

Mountain View, California, United States
Category Company
Founded 1983
Sector Software
Employees17,300
Revenue 14.4B USD (2023)
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 19 of 55
Sector (Software) 11 of 17
Type (Add-on Acquisition) 16 of 51
State (Nebraska) 1 of 1
Country (United States) 19 of 49
Year (2003) 1 of 3
Size (of disclosed) 28 of 29
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-08-14 Numara Software

Tampa, Florida, United States

Numara Software, Inc. the former Blue Ocean Software business unit of Intuit Inc. is a provider of IT help desk and asset management software solutions to small and medium-sized businesses. The company’s core product, Track-It!, enables IT professionals to collect, assign and resolve help desk requests and audit their internal hardware and software assets.

Buy $170M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-09-02 Innovative Merchant Solutions

Woodland Hills, California, United States

Innovative Merchant Solutions is a Calabasas, California-based provider of credit and debit card processing services for small businesses.

Buy -
Mergr

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