News

Intuit Buys Homestead for $170 Million

Intuit Inc. said Monday that it's buying Homestead Technologies Inc. for $170 million in a deal that will provide the financial management software maker with more online tools to sell to small businesses.

Menlo Park-based Homestead specializes in helping small businesses design and run their Web sites. The acquisition is part of Intuit's effort to diversify beyond its popular Quicken and TurboTax programs, which are already popular with small businesses.

Mountain View-based Intuit expects the deal to decrease its earnings slightly during its fiscal years ending in July 2008 and 2009. The acquisition is scheduled to close early in 2008.

Featured

  • IBM Giving Orgs a Governance Lifeline in Agentic AI Era

    Nearly overnight, organizations are facing brand-new challenges caused by self-directed AI systems (a.k.a. agentic AI). Big Blue is extending them some help.

  • Microsoft Launches Integrated E-mail Security Ecosystem for Defender for Office 365

    Microsoft is expanding its e-mail security capabilities with the launch of a new Integrated Cloud Email Security (ICES) ecosystem for Microsoft Defender for Office 365.

  • Microsoft Joins Workday's AI Agent Partner Network

    Microsoft has become a key partner in Workday's newly launched AI Agent Partner Network, aligning with other industry leaders to integrate AI agents into enterprise workforce systems.

  • LinkedIn CEO Ryan Roslansky To Lead Microsoft's Productivity Initiatives

    In a strategic leadership realignment, Microsoft has appointed LinkedIn CEO Ryan Roslansky to oversee its consumer and small business productivity software division, encompassing Microsoft 365, Teams and AI-driven tools like Copilot.

Most   Popular