About Intuit Inc. (INTU)

Company Description:

Intuit Inc., a financial software company, provides innovative solutions primarily focused on financial management and tax preparation software. The company operates in various segments including Small Business and Self-Employed Group, Consumer Group, and ProConnect Group.

Founded by Scott D. Cook and Tom Proulx in 1983, Intuit has grown to become a leading player in the financial software market, with its headquarters located in Mountain View, California, United States.

Main Product(s):

Intuit is known for its range of products including QuickBooks, a small business accounting software; TurboTax, a software package for individual tax preparation; and Mint, a personal finance management tool.

Short History of Intuit Inc.:

• 1983 – Intuit was founded by Scott Cook and Tom Proulx in Palo Alto, California.
• 1993 – The company went public.
• 1994 – Intuit acquired Chipsoft, the maker of TurboTax.
• 2009 – The acquisition of Mint.com, expanding its personal finance offerings.
• 2016 – Sold its original flagship product, Quicken.
• 2020 – Announced the agreement to acquire Credit Karma, a significant move into consumer finance.