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   Quicken Purchased from Intuit by H.I.G. Capital

   Adam C. Engst

   Intuit said last year that it was looking for a buyer for its Quicken
   business, and has now announced that [1]Quicken will be acquired by
   [2]H.I.G Capital, a private equity investment firm that has invested in
   and managed more than 200 companies worldwide since its founding in
   1993, with combined sales in excess of $30 billion. Quicken head Eric
   Dunn shared the news and talked about where Quicken would be going in a
   video.

   Dunn was the fourth employee at Intuit, having joined back in 1986, and
   he said that he's 'very aware that Quicken isn't perfect,' and that he
   reads comments from customers via email, Facebook, and the Quicken Live
   online community. To address customer complaints, Quicken is hiring a
   new product manager and will be doubling the size of the engineering
   team within the calendar year. In its [3]FAQ about the sale, Intuit
   explicitly mentions Mac support, saying:

     Meeting the needs of Mac customers continues to be an important
     priority for the business. In fact, we've already identified
     opportunities to increase the size of the Mac development team.

   Little else is slated to change. Intuit has a page for [4]questions and
   comments about the sale, although there aren't many replies from Intuit
   reps.

   From what's been said, it seems as though H.I.G. Capital will primarily
   be an investor, and Dunn says that Quicken will receive increased
   investment over what Intuit was providing. With Intuit out of the
   picture, users can hope those extra resources will result in more
   capable versions of Quicken appearing more quickly. But caution is
   still warranted ' few apps have promised more and delivered less over
   the years than Quicken, and it's possible the recent problems are as
   much with the current team as with Intuit.

   Of course, if you've had it with the Quicken soap opera, there are good
   alternatives (see '[5]Your Favorite Mac Personal Finance Apps,' 29
   February 2016).

References

   1. https://qlc.intuit.com/questions/1328117-update-on-the-quicken-sale-from-eric-dunn
   2. http://higcapital.com/
   3. https://qlc.intuit.com/announcements/1328118
   4. https://qlc.intuit.com/questions/1328113-update-on-the-quicken-sale-discussion
   5. http://tidbits.com/article/16293