Intuit wraps up sales, unloads QuickBase to private equity firm
Intuit yesterday said it had sold its QuickBase unit, the third group it's unloaded since January, to a New York private equity firm.
Financial terms of the deal were not disclosed.
QuickBase -- a platform for creating data-driven, cloud-based apps for small and mid-sized businesses -- will be acquired by Welsh, Carson, Anderson & Stowe, which specializes in technology and health care. QuickBase, headquartered in Cambridge, Mass., will remain there, the equity firm said in a statement.
QuickBase was the final unit sold of the three that Intuit identified last year as on the block. Intuit sold Demandforce in January and, just last week, announced the sale of its original product -- the Quicken personal finance software -- to H.I.G. Capital, another private equity firm.
To read this article in full or to leave a comment, please click here