It was announced this week that Intuit, who produce popular finance applications Quicken, QuickBooks & TurboTax, will buy their online money management competitor Mint.com for $170 million, a deal which will be completed by the end of the year. Mint.com had been growing steadily since it first launched in 2007, with now approximately 1.5 million users.
It has been confirmed that both Mint.com and Quicken Online will continue to be operated separately and both will remain free to users. New Intuit customers looking for web-based personal finance management will be referred to Mint.com, while those customers who already use Quicken desktop software will be directed to Quicken Online for easy online financial management.
Look for some of Mint’s popular features to be integrated into Quicken, providing customers with even better money saving tools.
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