Saturday, October 17, 2009

Is Quicken at the end of the road?

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 Conventional wisdom is that Intuit's acquisition of the personal finance Web service Mint will mean the end of the line for the company's standalone software app, Quicken. Upstart Mint, which is being acquired by Intuit for $170 million, has a personal finance product more in line with the times, with a younger demographic, a working business model, and a passionate CEO, Aaron Patzer, who's slated to take over the Quicken product line at Intuit once the acquisition closes. It doesn't look good for the old desktop app, Quicken.    It's a shame that we think of Quicken that way, but it's Intuit's own fault that we've gotten here.
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October 17, 2009
Is Quicken at the end of the road?

Conventional wisdom is that Intuit's acquisition of the personal finance Web service Mint will mean the end of the line for the company's standalone software app, Quicken. Upstart Mint, which is being acquired by Intuit for $170 million, has a personal finance product more in line with the times, with a younger demographic, a working business model, and a passionate CEO, Aaron Patzer, who's slated to take over the Quicken product line at Intuit once the acquisition closes. It doesn't look good for the old desktop app, Quicken.

It's a shame that we think of Quicken that way, but it's Intuit's own fault that we've gotten here.


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