Thoma Bravo Acquiring Intuit Financial Services for $1.025B
July 02, 2013
Thoma Bravo has signed a definitive agreement with Intuit (NASDAQ: INTU) to acquire its Financial Services division in a cash transaction valued at about $1.025 billion. The deal is expected to close in a few months. Intuit Financial Services helps banks and credit unions grow by offering online and mobile banking solutions that make it easier for consumers and businesses to manage their money. The new standalone company will focus on providing a digital banking platform and mobile solutions to financial institutions.