Purchased By Intuit

Sep 14, 2009

I just found out that Intuit will acquire Mint for $170 million. Though I'm not surprised to hear about this, I'm a little disappointed. Intuit is the company that owns Quicken, so there are now fewer players in this game (which is never good). Time will also tell whether or not the service gets any better or worse as a result of this acquisition. The recent updates to Mint were spectacular, so I'm hoping their momentum continues. Being sucked into a large company, however, is never an easy transition. According to the Mint CEO, Mint will remain a free service, though I can imagine Intuit charging users for a "premium" version of this tool in the future. Only time will tell where this goes.

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