AP – Accounting, tax and personal finance software maker Intuit Inc. said Friday it completed its $91 million acquisition of privately held Medfusion, which makes products that help patients connect with doctors and other health care providers.
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AP – Business software maker BMC Software Inc. said Wednesday that its fiscal fourth-quarter net income rose 43 percent, helped by an income tax benefit.
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AP – Intuit Inc. on Thursday said strong sales of its tax-preparation software helped lift its fiscal second-quarter profit 34 percent and beat Wall Street’s forecast. The company also raised its forecasts for full-year revenue and profit.
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Reuters – U.S. stocks broke three days of gains on Wednesday following worrisome outlooks from two major software makers and a surprising drop in home construction last month.
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BusinessWeek – Last year, Intuit’s legal department sent a threatening letter to Mint.com demanding that the upstart rival in personal finance software explain its breakneck pace of growth. The correspondence was leaked and Intuit was upbraided in the blogosphere for what looked like bullying behavior. Even Intuit CEO Brad Smith later professed dismay. “It looked like Goliath picking on David,” Smith said in an April interview with BusinessWeek. At the same sitting, Smith praised Mint’s “brilliant” approach to helping consumers manage their money on the Web.
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BusinessWeek – Last year, Intuit’s legal department sent a threatening letter to Mint.com demanding that the upstart rival in personal finance software explain its breakneck pace of growth. The correspondence was leaked and Intuit was upbraided in the blogosphere for what looked like bullying behavior. Even Intuit CEO Brad Smith later professed dismay. “It looked like Goliath picking on David,” Smith said in an April interview with BusinessWeek. At the same sitting, Smith praised Mint’s “brilliant” approach to helping consumers manage their money on the Web.
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AFP – Financial software company Intuit Inc. announced on Monday that it has agreed to purchase personal finance website Mint.com for 170 million dollars in cash.
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